Tc-40 Forms And Instructions - Individual Income Tax Page 12
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34. Credit for Utah Income Tax Prepaid
41. Penalty and Interest
Prepayments include payments made with form TC-546, In-
If you are fi ling your return or paying any tax late, you may owe
dividual Income Tax Prepayment Coupon, and any amount of
penalties and interest. Calculate your penalty and interest by
the previous year’s refund applied to your current tax liability.
using the Penalty and Interest Calculator at taxexpress.utah.
gov or by following the instructions in Pub 58, Utah Interest and
35. Pass-through Entity Withholding Tax
Penalties at tax.utah.gov/forms. The Tax Commission will send
Credit
you a bill if you do not pay the penalties and interest with your
return, or the penalty and/or interest were calculated incorrectly.
(UC §59-10-1103)
You may claim credit for any Utah income tax withheld or paid
PENALTIES: You may receive a penalty for not fi ling your
on your behalf by a pass-through entity (partnership, LLC, LLP
return on time and for not paying any tax due on time. The
or S corporation) to which you belong. Enter the withholding tax
penalties are a percentage of the unpaid tax, based on the
claimed on TC-40W, Part 3 and bring the total over to line 35.
number of days late. Instructions to calculate these penalties
are at tax.utah.gov/billing/penalties-interest and in Pub 58,
Keep Utah Schedule K-1 issued by the pass-through entity and
Utah Interest and Penalties, at tax.utah.gov/forms. Include
all other related documents with your records. Do not attach
these penalties on line 41, if applicable.
them to your Utah return. Processing may be delayed or the
withholding tax credit disallowed if you do not complete TC-40W,
The penalty for underpaying an extension prepayment is 2% of
Part 3 with all required information.
the unpaid tax per month of the extension period. If the return
is not fi led by the extension due date, failure to fi le and pay
See instructions for TC-40W, Part 3 on page 27.
penalties will apply as if the extension had not been granted.
36. Mineral Production Withholding Tax
Also, include this penalty on line 41, if applicable.
Credit
There is no late fi ling penalty (including on an amended return)
(UC §59-6-102(3))
if you have no tax due on the return.
List any Utah mineral production withholding tax from TC-
INTEREST: Calculate interest from the due date (April 15,
675R or Utah Schedule K-1 on TC-40W, Part 2 and enter
2013) to the date paid. The 2013 rate is 2%. Include this inter-
this total on your TC-40, page 2, line 36.
est on line 41, if applicable.
The mineral production company on form TC-675R must
provide the following information to you:
42. Total Due - Pay This Amount
• The company's federal employer identifi cation number
Add any penalty and interest you owe on line 41 to the tax on
(EIN),
line 40. Pay this amount with your return. Include a TC-547
• The company's Utah mineral production withholding account
coupon with your payment.
number, and
PAYMENT OPTIONS
• Your share of the mineral production withholding tax.
You may pay your tax online with your credit card or with an
Keep all TC-675Rs and Utah Schedule K-1(s) with your records.
electronic check (ACH debit). Online payments may include a
Do not attach them to your Utah return. Processing may be
service fee. Follow the instructions at taxexpress.utah.gov.
delayed or the mineral production withholding tax credit
You may also mail your check or money order payable to the
disallowed if you do not complete the TC-40W, Part 2 with all
Utah State Tax Commission with your return. Write your day-
required information.
time phone number and "2012 TC-40" on your check. DO NOT
See instructions for TC-40W, Part 2 on page 27.
STAPLE check to return. Remove any check stub before sending.
DO NOT MAIL CASH with your return. The Tax Commission is
37. Amended Return Only - Previous
not liable for cash lost in the mail. Include the TC-547 coupon
Payment
with your payment.
Use this line only for an amended return. Enter the total tax
Mail your payment, coupon and Utah return to the Utah State
paid with the original return plus any later tax payments for
Tax Commission, 210 N 1950 W, Salt Lake City, UT 84134-0266.
the tax year being amended. Do not include on this line any
penalty, interest or fees paid on the previous return.
IF FILING A PAPER RETURN, ALLOW AT LEAST 90 DAYS
FOR YOUR RETURN TO BE PROCESSED.
38. Refundable Credits
PAYMENT AGREEMENT REQUEST
The following refundable credits are entered on TC-40A, Part
A payment agreement plan cannot be set up until your
5. Enter the sum of all refundable credits on line 38 of TC-40.
return is processed.
•
Renewable Commercial Energy Systems Tax Credit
•
Targeted Business Tax Credit
If you cannot pay the full amount you owe, register using
•
Special Needs Adoption Credit
Taxpayer Access Point (TAP) at taxexpress.utah.gov and click
•
Agricultural Off-highway Gas/Undyed Diesel Credit
on "Request Pay Plan or Waiver." Or you may contact the Tax
•
Commission at 801-297-7703, or outside the Salt Lake area
Farm Operation Hand Tools Credit
at 1-800-662-4335 ext. 7703.
See instructions for TC-40A, Part 5, and an explanation of each
TAP can be accessed at taxexpress.utah.gov. It allows many
refundable credit beginning on page 24 of these instructions.
free services, including e-fi le and e-pay, as well as allowing you
39. Total Withholding and Refundable
to monitor your own income tax account and request a pay plan.
Credits
Pay plan requests will be considered after your return is
Add lines 33 through 38.
processed. If your plan request is accepted, you will receive
a letter or email stating the terms and conditions of the
40. Tax Due
agreement. A pay plan does not stop penalty and interest from
If line 32 is more than line 39, subtract line 39 from line 32.
accruing and we may still fi le a tax lien to secure the debt.
This is the tax you owe.
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