Form Tc-20 - Utah Corporation Franchise Or Income Tax Return Instructions - 2011 Page 9
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25Line 4
without a signature.
Enter an “X” if an election has been made under IRC
§§338, 338(h)(10) or 336(e). See IRC Sections 338,
Paid Preparer Authorization
338(h)(10) and 336(e) in the General Instructions for
information regarding these elections.
If the corporation wants to allow the Tax Commission
to discuss their 2011 return with the paid preparer who
Line 5
signed it, enter an “X” in the box on the right side of the
Enter an “X” on line 5 if this corporation is, or includes,
signature area of the return where indicated.
a fi nancial institution as defi ned in Tax Commission
This authorization applies only to the individual whose
Rule R865-6F-32.
signature appears in the Paid Preparer Section of the
return. It does not apply to the fi rm, if any, shown in
Line 6
that section. If you enter an “X” in the box, the corpo-
Enter the ultimate U.S. parent corporation’s name and
ration is authorizing the Tax Commission to call the
federal employer identifi cation number.
paid preparer to answer any questions that may arise
during the processing of the return. The paid preparer
Line 7 – Total Tax
is also authorized to:
Enter the total tax from Schedule A, page 2, line 26.
• give the Tax Commission any information that is
Line 8 – Total Refundable Credits and
missing from the return,
Prepayments
• call the Tax Commission for information about the
Enter the total refundable credits and prepayments
processing of the return or the status of any refund
from Schedule A, page 2, line 30.
or payment(s), and
Line 9 – Tax Due
• respond to certain Tax Commission notices about
If line 7 is larger than line 8, subtract line 8 from line 7.
math errors, offsets, and return preparation.
The corporation is not authorizing the preparer to re-
Line 10 – Penalties and Interest
ceive any refund, bind the entity to anything (including
Enter any penalties and interest that apply to this return.
any additional tax liability), or otherwise represent the
See Publication 58.
entity before the Tax Commission. If the entity wants
to expand the preparer’s authorization, complete and
Line 11 – Pay This Amount
submit to the Tax Commission form TC-737, Power
Add lines 9 and 10. Pay online at taxexpress.utah.gov.
of Attorney and Declaration of Representative. Form
Or you may send a check or money order with your
TC-737 is available at tax.utah.gov/forms.
return (make payable to the Utah State Tax Commis-
sion). Do not mail cash. The Tax Commission assumes
The authorization will automatically end no later than
no liability for loss of cash placed in the mail.
the due date (without regard to extensions) for fi ling
the entity’s 2012 tax return. If you wish to revoke the
Line 12 – Overpayment
authorization before it ends, submit your request in
If line 8 is larger than line 7, subtract line 7 from line 8.
writing to the Utah State Tax Commission, attention
Taxpayer Services, 210 N 1950 W, SLC, UT 84134.
Line 13 – Amount of Overpayment to be Applied
to Next Taxable Year
Paid Preparer
All or part of any overpayment shown on line 12 may
The paid preparer must enter his or her name, address
be applied as an advance payment for the next tax
and PTIN in the section below the corporate offi cer’s
year. Enter the amount to be applied (may not exceed
signature on the return.
the overpayment on line 12).
Preparer Penalties
Line 14 – Refund
(UC §59-1-401(11))
Subtract line 13 from line 12. This is the amount to be
refunded to you.
The person who prepares, presents, procures, advises,
aids, assists or counsels another on a return, affi davit,
Line 15 – Quarterly Estimated Prepayments
claim or similar document administered by the Tax
Meeting Exception
Commission, and who knows or has reason to believe
Check any boxes corresponding to the four quarters
it may understate a tax, fee or charge is subject to
to which a federal penalty exception applies. Refer to
both a civil penalty ($500 per document) and criminal
Prepayment Requirements in the General Instructions
penalties (second degree felony with a fi ne from $1,500
for exceptions to the penalty on underpayments. Attach
to $25,000).
supporting documentation.
Supplemental Information
Signature and Date Lines
to be Supplied by All
Sign and date the return. A refund will not be allowed
Corporations
All corporations must complete this information located
on page 2 of the TC-20.
Page 7
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