Instructions For Form Tc-20mc - Utah Tax Return For Miscellaneous Corporations - 2012 Page 13
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15Schedule E – Prepayments of Any Type
Instructions
Line 1 – Overpayment Applied from Prior Year
Line 3 – Other Prepayments
Enter the amount of any refund applied from the prior
List the date and amount of all prepayments made for
year to the current year’s tax liability.
the fi ling period. Enter the check number if payment
was not made electronically. Enter the total amount on
Line 2 – Extension Prepayment
line 3. Attach additional pages, if necessary.
List the date and amount of any extension prepayment.
Line 4 – Total Prepayments
Enter the check number if payment was not made
electronically.
Add lines 1, 2 and 3. Enter the total on this line and on
TC-20MC, line 6.
Schedule J – Apportionment Schedule
Instructions
Use Schedule J ONLY if completing Schedule A, Part
• Section 21, Mining;
2, Real Estate Investment Trust; Part 4, Unincorpo-
• Section 31-33, Manufacturing;
rated Exempt Organization or Exempt Corporation;
or Part 5, One-day Target Corporation.
• Section 48-49, Transportation and Warehousing;
Use TC-20, Schedule J to calculate the portion of the
• Section 51, Information (except for Subsector 519,
taxpayer’s income attributable to Utah, if the taxpayer
Other Information Services); or
does business both within and outside of Utah.
• Section 52, Finance and Insurance.
Complete TC-20, Schedule J to determine the ap-
A taxpayer who is a partner in a partnership must
portionment fraction (decimal). The factors express
include their pro rata share of the partnership’s sales
a ratio for tangible property in Utah to total tangible
in determining whether they meet the “50 percent of
property everywhere, for wages and salaries in Utah to
total sales everywhere” requirement above.
total wages and salaries everywhere, and for sales in
Utah to total sales everywhere. These factors or ratios
For water’s edge and worldwide combined unitary
are used to arrive at the Utah apportionment fraction
groups, the group is a sales factor weighted taxpayer if
calculated to six decimals. This fraction (decimal) is
greater than 50 percent of the total sales everywhere of
then applied to the apportionable income (or loss) on
the unitary group are classifi ed in NAICS codes except
the return to arrive at the amount of income (or loss)
those codes listed above.
apportioned to Utah. In cases where one or more of
A taxpayer who is a sales factor weighted taxpayer
the factors is omitted due to peculiar aspects of the
must calculate the apportionment fraction under Part 3.
business operations, use the number of factors present
to determine the Utah apportionment fraction.
Other Multistate Taxpayers
Sales Factor Weighted
For multistate taxpayers that are not sales factor
weighted taxpayers, an election may be made to double
Taxpayers
weight the sales factor in the apportionment calculation.
For tax years beginning after 2010, every multistate
The election is made by entering an “X” on line 10 and
taxpayer must determine if they are a Sales Factor
completing lines 11 through 13 on Schedule J.
Weighted Taxpayer. A sales factor weighted taxpayer
Income or loss from partnership or joint venture inter-
is a taxpayer having greater than 50 percent of total
ests must be included in income and apportioned to
sales everywhere generated by economic activities
Utah through application of the three-factor formula
performed by the taxpayer, and classifi ed in a NAICS
consisting of property, payroll and sales.
code of the 2002 or 2007 North American Industry
Classifi cation System, except for a NAICS code within:
Page 11
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