Instructions For Form Tc-20s - Utah S Corporation Tax Return - 2012 Page 26
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28First Column
Third Column
Enter in the fi rst column the federal EIN shown in box
Enter in the third column the refundable credit code
“A” of the Utah Schedule K-1 received by this corpora-
shown on the Utah Schedule K-1 received by this
tion from the upper-tier pass-through entity.
corporation from the upper-tier pass-through entity.
Second Column
Fourth Column
Enter in the second column the name shown in box “B”
Enter in the fourth column the amount of the allocated
of the Utah Schedule K-1 received by this corporation
Utah refundable credit shown on the Utah Schedule
from the upper-tier pass-through entity.
K-1 received by this corporation from the upper-tier
pass-through entity.
Third Column
Carry the refundable credits over to the Utah Schedule
Enter in the third column the nonrefundable credit
K, line 19 for this return. If you have multiple credits
code shown on the Utah Schedule K-1 received by
for the same credit code, combine the credit amounts
this corporation from the upper-tier pass-through entity.
before entering on the Schedule K. Allocate the credit
to the shareholders on their individual Schedule K-1
Fourth Column
based on their ownership percentage.
Enter in the fourth column the amount of the distributed
Utah nonrefundable credit shown on the Utah Schedule
Part 3 – Utah Mineral Production
K-1 received by this corporation from the upper-tier
Withholding Tax Credit Received on
pass-through entity.
TC-675R
Carry the nonrefundable credits over to the Utah Sched-
ule K, line 18 for this return. If you have multiple credits
Utah mineral production tax withheld on production
income received by this corporation from the producer
for the same credit code, combine the credit amounts
shown on form TC-675R must be reported in Part 3. Do
before entering on the Schedule K. Allocate the credit
to the shareholders on their individual Schedule K-1
not include the TC-675R with your corporation return.
based on their ownership percentage.
First Column
Part 2 – Utah Refundable Credits
Enter in the fi rst column the federal EIN shown in box
“2” of the form TC-675R received by this corporation.
Received from Other Pass-through
Entities
Second Column
Utah refundable tax credits allocated to this corporation
Enter in the second column the producer’s name
by an upper-tier pass-through entity and shown on the
shown in box “1” of the form TC-675R received by this
Utah Schedule K-1 received from the upper-tier pass-
corporation.
through entity must be reported in Part 2. These credits
Third Column
are found on the Utah Schedule K-1 under refundable
Enter in the third column the amount of the mineral
credits with a credit code. Do not include the Utah
production withholding tax shown in box “5” of the form
Schedule K-1 the corporation received showing these
TC-675R received by this corporation.
credits when fi ling this corporation’s return.
Total the mineral production withholding amounts
First Column
shown in the third column. Carry this total to the Utah
Enter in the fi rst column the federal EIN shown in box
Schedule K for this return and enter it on line 19 using
“A” of the Utah Schedule K-1 received by this corpora-
code “46.” Distribute this amount to the shareholders
tion from the upper-tier pass-through entity.
on their individual Schedule K-1 based on their owner-
ship percentage.
Second Column
Enter in the second column the name shown in box “B”
of the Utah Schedule K-1 received by this corporation
from the upper-tier pass-through entity.
Page 24
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