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

TC-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).

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.
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# Due Date

You 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
You must fi le this report and make payments electronically on Utah's Taxpayer Access Point (TAP, tap.utah.gov).

# 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.

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. You may also write or visit the Utah State Tax Commission at 210 North 1950 West, Salt Lake City, UT 84134-0400.
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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.