TC-75 Instructions — State and Local Tax (SALT) Report (Utah PTET election)

# preamble

TC-75i instr 11/22TC-75, State and Local Tax (SALT) Report Instructions

# General Instructions

Pass-through entities may use TC-75, State and Local Tax (SALT) Report, to pay Utah income tax on behalf of individual members, partners and shareholders. Individuals for whom you pay this tax may claim a nonrefundable tax credit on their Utah Individual Income Tax Return. Reporting Requirements In addition to fi ling this report, you must issue a Utah Schedule K-1 to each individual showing the amount of Utah tax paid on their behalf. Include all Schedules K-1 with your Utah tax return. See the instructions for the Utah S Corporation Tax Return (TC- 20S) or the Utah Partnership/LLP/LLC Return (TC-65). Due Date Y ou must make payments on or before December 31 in order for them to count for the current tax year. Any payments made after the due date of a given year will be disallowed. If you amend this report after December 31, only include payments made on or before that date. See Prior Payments, below. Electronic Filing Requirement Y ou must fi le this report and make payments electronically on Utah's Taxpayer Access Point (TAP , tap.utah.gov). Filing Instructions Business and Preparer Information Business Name Enter the pass-through entity's legal business name. FEIN Enter the pass-through entity's federal employer identifi cation number. Organizational Structure Select the entity type from the drop-down list. Sub Entity Type Enter the sub entity type from the drop-down list, matching whichever is fi led for federal tax purposes. Filing Period From the drop-down, select the last day of the tax year for which you are making the payment. Amended Select "X" from the drop-down if this is an amended report. Address fi elds Enter the pass-through entity's mailing address. Prepared By, Contact Phone # and Contact Email Enter your name and contact information. We may contact you if there are any issues with processing this report. Report Data Enter on a separate row each individual member, partner or shareholder for whom you are paying Utah income tax. Column A Enter the individual's Social Security number. Column B Enter the individual's fi rst name. Column C Enter the individual's last name. Column D Select "X" from the drop-down list if the individual is a Utah resident or part-year resident. Column E Enter the total state taxes paid to Utah and any other state(s) for this individual. Column F Enter the Utah taxes you are paying for the individual. Prior Payments If amending, use the "Prior Payments" tab to report any SALT payments made with previously-fi led reports. Column A Enter the day the payment was made (MM/DD/YYYY). Column B Enter the TAP electronic payment confi rmation number you received when you made the payment. Column C Enter the payment amount.

TC-75i instr 11/22 References/Resources Taxpayer Resources For help with this return, email taxmaster@utah.gov or call 801-297-2200 or 1-800-662-4335. Find more information on our website at tax.utah.gov. Y ou may also write or visit the Utah State Tax Commission at 210 North 1950 West, Salt Lake City, UT 84134-0400. ________________________________________ If you need an accommodation under the Americans with Disabilities Act, email taxada@utah.gov, or call 801-297-3811 or TDD 801- 297-2020. Please allow three working days for a response.