Form Tc-65 Form Tc-65 Tax Return & Instructions Page 4
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27Partnership Identification
Interest
(in addition to penalties due)
Number
Interest is assessed on underpayments from the due
date until the liability is paid in full. The interest rate for
Utah uses the Federal Employer Identifi cation Number
2014 calendar year is 2 percent.
(EIN) as the partnership’s identifi cation number with
the state. Enter the EIN in the proper fi eld. This number
For more information, get Pub 58, Utah Interest and
is used for identifi cation of the partnership tax return.
Penalties, at tax.utah.gov/forms or by calling or writing
the Tax Commission.
Rounding Off to
Partnership Changes
Whole Dollar Amounts
Partnership changes (e.g., name change, physical and/
or mailing address changes, or ceasing to do business
Round off cents to the nearest whole dollar. Round down
in Utah) must be reported in writing to:
if cents are under 50 cents; round up if cents are 50 cents
and above. Do not enter cents anywhere on the return.
Master Records
Utah State Tax Commission
What to Attach and
210 N 1950 W
SLC, UT 84134-3310
What to Keep
To close related tax accounts (sales, withholding, etc.),
Include the following with your Utah TC-65. Also, keep
send a completed TC-69C, Notice of Change for a Tax
copies of these with your tax records.
Account, to Master Records at the address above.
• Utah Partnership Return Schedules: Attach ap-
plicable Utah schedules A, H, J, K, N, and/or TC-250.
Where to File
Also attach the Utah Schedule K-1 for each partner.
Send the completed return and any payment to:
Do not send a copy of your federal return, federal
Schedules K-1, credit schedules, worksheets, or
Utah State Tax Commission
other documentation with your Utah return, unless
210 N 1950 W
otherwise stated in these instructions. Keep these
SLC, UT 84134-0270
in your fi les, along with all supporting documents. You
You may also pay any tax due electronically at
may be asked to provide this information later to verify
taxexpress.utah.gov.
entries on your Utah return.
Due Date
Federal Taxable Income
A return must be fi led on or before the 15th day of the
(Loss)
fourth month following the close of the taxable year. If
Utah law defi nes federal taxable income as “taxable in-
the due date falls on a Saturday, Sunday or legal holiday,
come as currently defi ned in Section 63, Internal Revenue
the due date becomes the next business day.
Code of 1986.” Since Utah’s taxable income is based on
federal taxable income, a partner’s ability to carry forward
Filing Extension
and carry back partnership losses is determined on the
federal level. The loss taken by a partner in a given year
Partnerships are automatically allowed an extension
must match the loss taken on the federal return. Losses
of up to fi ve months to fi le a return without fi ling an ex-
cannot be independently carried back and carried forward
tension form. This is an extension of time to fi le the
in any given year on the partner’s Utah return.
return - NOT an extension of time to pay taxes. To
avoid penalty, the prepayment requirements must be met
on or before the original return due date and the return
Utah Income
must be fi led within the fi ve-month extension period.
Complete Schedule A to determine the Utah income or
Note: All pass-through withholding tax from Schedule
loss. If the partnership does business both within and
N, column I must be paid by the original due date of
outside of Utah, the portion of the partnership income
the return, without regard to extensions.
attributable to Utah is determined by fi rst completing
TC-20, Schedule J, and then Schedule A.
Penalties
Business Income
Utah law (UC §59-1-401) provides penalties for
not fi ling tax returns by the due date, not paying
Business income means income arising from transac-
tax due on time, not making suffi cient prepayment
tions and activity in the regular course of the taxpayer’s
on extension returns, and not filing information
trade or business and includes income from tangible
returns or supporting schedules. Details of these
and intangible property if the acquisition, management
penalties, along with additional penalties, are at
and disposition of the property constitute integral parts
tax.utah.gov/billing/penalties-interest and in Pub
of the taxpayer’s regular trade or business operations.
58, Utah Interest and Penalty, at tax.utah.gov/forms.
See UC §59-7-302(1)(d).
Page 2
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