Form Tc-20 - Utah Corporation Franchise Or Income Tax Return Instructions - 2011 Page 3
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25General Instructions and Information
WhatÊs New
C corporations and S corporations may fi le electronically.
Check with your software provider to see if they offer
• Recycling Market Development Zone Credit.
electronic corporation fi ling.
The Legislature has reinstated this credit for the
period July 1, 2010 through December 31, 2011.
Learn more about fi ling your corporation return elec-
See page 10.
tronically online at tax.utah.gov/developers/mef.
• Credit for Machinery and Equipment Used to
Conduct Research. This credit expired Dec. 31,
Corporation
2010. However, there is a carryover provision for
Identification Numbers
excess credits from prior years. See page 10.
Utah uses the Federal Employer Identifi cation Number
• Apportionment Fraction for “Sales Factor
(EIN) as the corporation’s identifi cation number with the
Weighted Taxpayers.” For tax years beginning
state. The Utah Department of Commerce also issues
after 2010, the calculation of the apportionment
a registration number upon incorporation or qualifi ca-
fraction on Schedule J has changed to weigh the
tion in Utah. Enter both the EIN and Utah Incorpora-
sales factor four times for a corporation treated as
tion/Qualifi cation number in the proper fi elds. These
a Sales Factor Weighted Taxpayer. See page 20.
numbers are used for identifi cation of the corporate
• Foreign Operating Company Changes. A foreign
tax return and any correspondence.
operating company must now have a minimum of
at least $1,000,000 in payroll located outside the
Corporation Changes
United States and at least $2,000,000 in property
located outside the United States. In addition, income
Corporation changes (e.g., name change, physical and/or
generated from transactions between members of
mailing address changes, merger, or ceasing to do busi-
the unitary group, or from intangible property or an
ness in Utah) must be reported in writing to both:
asset held for investment does not qualify for the 50
Division of Corporations
percent foreign operating company income exclusion
Department of Commerce
on Schedule C. See pages 4 and 16.
160 E 300 S
PO Box 146705
Reminders
Salt Lake City, UT 84114-6705
and
• Utah Net Loss Carryback: Form TC-20L, Utah
Application for Refund from a Corporation Loss
Master File Maintenance
Carryback, is to be used to carry a Utah net loss
Utah State Tax Commission
back three years. See page 8.
210 N 1950 W
Salt Lake City, UT 84134-3310
• Market Sourcing of Revenues from Performance
of Services by Multi-state Taxpayers: For tax years
beginning after 2008, corporations performing a
Dissolution or Withdrawal
service both in and outside Utah must calculate the
Corporations that cease to do business in Utah must
sales factor numerator on Schedule J by consider-
either dissolve or withdraw the corporation.
ing the service income to be in Utah if the buyer
receives a greater benefi t of the service in Utah than
Corporations incorporated in Utah must fi le Articles of
in any other state. See “Schedule J – Apportionment
Dissolution with the Department of Commerce.
Schedule Instructions” on page 20.
Corporations incorporated outside of Utah (foreign
corporations) must obtain a Certifi cate of Tax Clear-
Electronic Filing for
ance from the Tax Commission before withdrawing from
Corporation Returns
Utah. Foreign corporations must fi le an Application for
Withdrawal with the Department of Commerce.
Utah corporation returns may be fi led electronically
under a joint program between the Internal Revenue
To request a Certifi cate of Tax Clearance, contact the
Service and the Utah State Tax Commission.
Tax Commission. We will prepare form TC-2001 and
send it to you to complete.
The federal and state information is submitted at the
same time and the IRS extracts its federal data and
To close related tax accounts (sales, withholding, etc.),
forwards the state data to the Tax Commission. No
send a completed TC-69C, Notice of Change for a Tax
papers need to be mailed to the agencies when fi ling
Account, to the attention of Master File Maintenance
electronically.
at the Tax Commission address above.
Page 1
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