Free TC-675R, 2008 Statement of Utah Tax Withheld on Mineral Production - Utah

Clear form

2008 - Statement of Utah Tax Withheld on Mineral Production
1 Payer's name, address, state and ZIP code 7 Recipient's name, address, state, and ZIP code

TC-675R

2 Payer's federal EIN

3 Utah account ID

8 Recipient's federal EIN (or if an individual, SSN)

4 Utah mineral production gross payment to recipient

9 Recipient entity type (check one) C - Corporation S - S Corporation L - Limited Liability Company P - Partnership O - Limited Liability Partnership I - Individual T - Trust Estate or Fiduciary

5 Utah tax withheld on mineral production

6 Utah mineral production gross payment not subject to withholding

All Recipients The amount of Utah withholding tax shown in box 5 of this TC-675R should be claimed as a refundable credit on your Utah tax return. Individual Income Tax Return If filing a Utah Individual Income Tax Return on paper, enter the information from this TC-675R on form TC-40W, Part 2. If filing your Utah return electronically, you can only claim the withholding tax from one TC-675R. If you have more than one of these forms, you must file on paper. Individuals receiving Payments through Partnerships, Trusts and S Corporations If production payments and withholding tax amounts are distributed to you, a Schedule K-1 (instead of a TC-675R) should be furnished by the payer showing your proportionate share of these amounts. The proportioned withholding tax amount may be claimed on your Utah tax return. Partnership, Fiduciary and Corporation Tax Return If filing a Utah partnership, fiduciary or corporation tax return, enter the credit for the amount shown in box 5 of TC-675R or on Schedule K-1 according to the specific instructions for that return. Attach the TC-675R and/or Schedule K-1 to the return when filing. Payers who are Partnerships, Trusts and S Corporations If you make production payments and withhold tax amounts that are distributed to partners, beneficiaries and resident shareholders, you MUST furnish a Schedule K-1 to each recipient showing their proportionate amounts of the production payments and the withholding tax. Do not issue separate forms TC-675R to show these amounts. Only producers licensed with the State of Utah for mineral production tax withholding may issue form TC-675R. Utah Mineral Production Gross Payment not Subject to Withholding The amount shown in box 6 is the payment made to a recipient that would have been subject to withholding had the recipient not filed an exemption certificate in accordance with Section 59-6-102.1.