Form Tc-20 - Utah Corporation Franchise Or Income Tax Return Instructions - 2011 Page 17
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25Line 11 – Non-qualifi ed Withdrawal from Utah
Line 13 – Foreign Income (Loss) For Worldwide
Educational Savings Plan (UESP)
Combined Filers
Corporations electing to fi le a worldwide combined re-
529 Account
port must include income and losses of each corporation
(UC §59-7-105(12))
in the unitary group regardless of the country in which
If you withdrew an amount from a Utah Educational
the corporation is incorporated or conducts business.
Savings Plan (UESP) 529 account but did not use it
Add any income or loss before extraordinary items and
for qualifi ed higher education expenses and the with-
prior period adjustments and before the provision for
drawal did not meet an exception under IRC §529(c)
income, war profi ts and excess profi ts taxes as reported
or §530(d), enter that amount to the extent the amount
on federal form 5471 for foreign corporations.
was deducted on the current or a previously fi led Utah
tax return.
Line 14 – Income (Loss) of Unitary Corporations
If you are a UESP account owner, you will receive form
Not Included in Federal Consolidated
TC-675H, Utah Educational Savings Plan Tax State-
Return
ment for Contributions, Withdrawals, and Transfers,
Add any income and loss of unitary corporations owned
from UESP. Keep this form with your records. If you
greater than 50 percent whose income or loss is not
have any questions about UESP accounts, call UESP
included on the federal consolidated return. Refer to
at 801-321-7188 or 1-800-418-2551, or visit .
Combined Reports in the General Instructions for ad-
ditional information on unitary combined fi lings.
Line 12 – Income (Loss) From IRC Section 936
Corporations
Line 15 – Total Additions
IRC §936 corporations are fully includable in the com-
Add lines 1 through 14. Enter the result on line 15 and
bined report. Add any income or loss from IRC §936
on Schedule A, line 2.
corporations.
Page 15
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial