Instructions For Form Tc-20s - Utah S Corporation Tax Return - 2012 Page 11
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28Do not include any pass-through withholding tax on
Line 20 – Total Payments
this line. Pass-through withholding tax credit from a
Add lines 18 and 19. Carry this amount to TC-20S,
previous pass-through entity is entered on TC-250 and
page 1, line 6.
allocated to the shareholders on the Utah Schedule K-1.
Line 19 – Amended Return Only
This line is only used for amended returns. Enter the
amount of tax paid with the original return and/or sub-
sequent payments made prior to fi ling this amended
return less any previous refunds (exclude refund in-
terest). A net refund should be entered as a negative
amount (preceded by a minus sign).
Schedule E – Prepayments of
Any Type Instructions
Do not include on this line any pass-through withholding
Line 3 – Other Prepayments
tax credit received from another pass-through entity as
List the date and amount of all prepayments made for
reported on a Utah Schedule K-1 you received. Pass-
the fi ling period. Enter the check number if payment is
through withholding tax credits received from other
not made electronically. Enter the total amount on line
pass-through entities are entered on TC-250 and al-
3. Attach additional pages, if necessary.
located to the shareholders on the Utah Schedule K-1.
Prepayments are not required for pass-through with-
holding tax.
Line 1 – Overpayment Applied from Prior Year
Enter the amount of any refund applied from the prior
Line 4 – Total Prepayments
year to the current year’s liability.
Add lines 1, 2 and 3. Enter the total on this line and on
Schedule A, line 18.
Line 2 – Extension Prepayment
List the date and amount of any extension prepay-
ment. Enter the check number if payment is not made
electronically.
Schedule H – Nonbusiness Income
Net of Expenses Instructions
Interest income is business income where the intan-
Complete TC-20, Schedule H to determine nonbusiness
gible with respect to which the interest was received
income allocated to Utah and outside Utah. All income
arises out of or was created in the regular course of
that arises from the conduct of the trade or business
the taxpayer’s trade or business operations, or where
operations of a taxpayer is business income.
the purpose for acquiring and holding the intangible is
Nonbusiness income means all income other than
an integral, functional, or operative component of the
business income and will be narrowly construed. In-
taxpayer’s trade or business operations, or otherwise
tangible income must be properly classifi ed and based
materially contributes to the production of business
upon factual evidence. The burden of proof is on the
income of the trade or business operations. See Tax
taxpayer to justify the manner in which the income is
Commission Rule R865-6F-8(2)(e)(iii).
claimed on the return.
Page 9
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