Form Tc-20s - Computation Of Utah Net Taxable Income And Total Tax Due
ADVERTISEMENT
1TC-20S A
Schedule A - Computation of Utah Net Taxable Income and Total Tax Due
Rev. 12/99
Corporation Name
Taxable Year Ending
Employer Identification Number
1.
Income or loss from federal form 1120S, Schedule K, line 23
1
00
2.
2
00
Charitable contributions that were deducted on federal form 1120S, Schedule K, line 7
3.
Net Income:
(a)
Total income before nonbusiness income (add line 1 and line 2)
3a
00
(b)
Nonresident inco me (line 3a multiplied by nonresident percentage on form TC-20S, line 1b)
3b
00
4.
Nonbusiness income: (from Schedule H, line 13 and line 26)
4a
00
(a)
Allocated to Utah ($_____________________) times nonresident % on TC-20S, line 1b
4b
00
(b)
Allocated outside Utah ($__________________) times nonresident % on TC-20S, line 1b
Nonbusiness income total (add lines 4a and 4b)
4
00
5.
Net income subject to apportionment (subtract line 4 from line 3b)
5
00
6.
Apportionment fraction (100% or Schedule J, line 7)
6
%
7.
Net income apportioned to Utah (line 5 multiplied by line 6)
7
00
8.
Nonbusiness income allocated to Utah (line 4a)
8
00
For tax years beginning on or after 1/1/94, losses are passed through to the
9.
Utah Taxable Income/Loss (add line 7 and line 8)
9
00
individual shareholders and are not available for carryforward or carryback.
10.
Deduction amount applies for income greater than zero (multiply line 9 by .15)
10
00
11.
Net Taxable Income (subtract line 10 from line 9)
11
00
.07
12.
Tax rate
12
13.
Calculation of tax (see instructions page 4)
a.
Line 11 multiplied by line 12
13a
00
b.
Built-in and other gains (see instructions page 4)
13b
00
c.
Amended Returns Only (previous refunds)
13c
00
Tax amount (add lines 13a through 13c)
13
00
14.
Refundable Credits and Previous Payments for Amended Returns
a.
Mineral production withholding (attach TC-675R)
14a
00
b.
Off-highway agricultural gas tax credit
14b
00
c.
Total prepayments (from line 4 of Schedule E below)
14c
00
d.
Amended Returns Only (previous payments)
14d
00
Total refundable credits (add lines 14a through 14d)
14
00
15.
Overpayment - if line 14 is larger than line 13, subtract line 13 from line 14
15
00
16.
Amount of overpayment to be applied as advance payment for next taxable year
16
00
00
17.
Refund (subtract line 16 from line 15) Enter amount here and on form TC-20S, line 4
17
18.
Total tax - if line 13 is larger than line 14, subtract line 14 from line 13. Enter amount here and on line 5
18
00
of form TC-20S
Schedule E - Prepayments of Any Type
- Enter the total from line 4 below on line 14c above.
1.
Overpayment applied from prior year
00
1
2.
Extension prepayment
Date ____________ Check number ______________
00
2
3. Other prepayments (attach sheet if necessary)
a.
Date
Check number
00
3a
b.
Date
Check number
00
3b
c.
Date
Check number
00
3c
d.
Date
Check number
00
3d
Total of other prepayments (add lines 3a through 3d)
00
3
4. Total prepayments (add lines 1, 2, and 3, enter on this line and on Schedule A, line 14c)
00
4
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial