Form Tc-65 - Utah Partnership / Limited Liability Partnership / Limited Liability Company Return Instructions - 2011 Page 4
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25What to Attach and
To close related tax accounts (sales, withholding,
etc.), send a completed TC-69C, Notice of Change
What to Keep
for a Tax Account, to Master File Maintenance at the
address above.
Include the following with your Utah TC-65. Also, keep
copies of these with your tax records.
Where to File
• Utah Partnership Return Schedules: Attach ap-
plicable Utah schedules A, H, J, K, N, and/or TC-250.
Send the completed return and any payment to:
Also attach the Utah Schedule K-1 for each partner.
Utah State Tax Commission
Do not send a copy of your federal return, federal
210 N 1950 W
Schedules K-1, credit schedules, worksheets, or
SLC, UT 84134-0270
other documentation with your Utah return, unless
You may also pay any tax due electronically at
otherwise stated in these instructions. Keep these
taxexpress.utah.gov.
in your fi les, along with all supporting documents. You
may be asked to provide this information later to verify
entries on your Utah return.
Due Date
A return must be fi led on or before the 15th day of the
Federal Taxable Income
fourth month following the close of the taxable year. If
(Loss)
the due date falls on a Saturday, Sunday or legal holiday,
the due date becomes the next business day.
Utah law defi nes federal taxable income as “taxable
income as currently defi ned in Section 63, Internal
Filing Extension
Revenue Code of 1986.” Since Utah’s taxable income
is based on federal taxable income, a partner’s ability
Partnerships are automatically allowed an extension
to carry forward and carry back partnership losses is
of up to fi ve months to fi le a return without fi ling an
determined on the federal level. The loss taken by a
extension form. This is an extension of time to fi le
partner in a given year must match the loss taken on
the return - NOT an extension of time to pay taxes.
the federal return. Losses cannot be independently
To avoid penalty, the prepayment requirements must
carried back and carried forward in any given year on
be met on or before the original return due date and
the partner’s Utah return.
the return must be fi led within the fi ve-month exten-
sion period.
Utah Income
Note: All pass-through withholding tax from Schedule
Complete Schedule A to determine the Utah income or
N, column I must be paid by the original due date of
loss. If the partnership does business both within and
the return, without regard to extensions.
outside of Utah, the portion of the partnership income
attributable to Utah is determined by fi rst completing
Penalties
Schedule J, and then Schedule A.
Utah law (UC §59-1-401) provides penalties for
not fi ling tax returns by the due date, not paying
Business Income
tax due on time, not making suffi cient prepayment
Business income means income arising from transac-
on extension returns, and not filing information
tions and activity in the regular course of the taxpayer’s
returns or supporting schedules. Details of these
trade or business and includes income from tangible
penalties, along with additional penalties, are at
and intangible property if the acquisition, management,
tax.utah.gov/billing/penalties-interest and in Pub
and disposition of the property constitutes integral parts
58, Utah Interest and Penalty, at tax.utah.gov/forms.
of the taxpayer’s regular trade or business operations.
See UC §59-7-302(1)(d).
Interest
(in addition to penalties due)
Business income apportioned to Utah is subject to the
Interest is assessed on underpayments from the due
pass-through entity withholding requirements.
date until the liability is paid in full. The interest rate for
2012 calendar year is 2 percent.
Nonbusiness Income
For more information, get Pub 58, Utah Interest and
Nonbusiness income means all income other than
Penalties, at tax.utah.gov/forms or by calling or writing
business income. See UC §59-7-302(1)(h).
the Tax Commission.
Portfolio Income
Rounding Off to
Whole Dollar Amounts
Portfolio income may be either business or nonbusi-
ness income.
Round off cents to the nearest whole dollar. Round
down if cents are under 50 cents; round up if cents are
50 cents and above. Do not enter cents anywhere
on the return.
Page 2
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