Free 2005 Utah S Corporation Franchise or Income Tax Return, TC-20S - Utah

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20S051
Utah State Tax Commission 210 N 1950 W, Salt Lake City, UT 84134 (801) 297-2200 or 1-800-662-4335 - tax.utah.gov

2005
TC-20S
Rev. 12/05

Utah S Corporation Franchise or Income Tax Return
9999

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This return is for the calendar year ending Dec. 31, 2005, or fiscal year beginning _________________________ and ending ________________________. FOR AMENDED RETURN - ENTER CODE (1-4) from page 3

Check box(es) if this Corporation name is a new address: Address Physical address Mailing address

Employer Identification Number Utah Incorporation/Qualification Number Telephone Number ( ) State Zip code

City

NOTE: Attach a complete federal 1120S including schedule K-1 for all shareholders. If all shareholders are Utah residents, and there are no corporate built-in gains or other gains to report under UC §59-7-701, Schedules A through N are not required.
Check box if this is the first return as an S corporation. If so, attach the IRS "Notice of Acceptance as an S Corporation" designation letter and provide the effective date. Resident Nonresident 501 IRC Exempt Effective date: _____/_____/________
MM/DD/YYYY

Nonresident Taxable

Total

1. (a) Number of shares (b) Percentage of shares %

+ + %

+ + %

= = 100%

2. Check if this corporation conducted any Utah business activity during the taxable year ............................................. 3. Has this S corporation made an election to treat one or more subsidiaries as a Qualified Subchapter S Subsidiary? Include on Schedule M each Qualified Subchapter S Subsidiary doing business, incorporated or qualified in Utah. 4. Refund - (from Schedule A, line 19) ...................................................................................... 5. Tax Due - (from Schedule A, line 20) ..................................................................................... 6. Total the penalties and interest listed below and enter on this line .........................................
Extension penalty Late payment penalty $_______________ $_______________ Late filing penalty Interest $_______________ $_______________

4 5 6

00 00 00

7. Utah Use Tax, if $400 or less (see instructions) ................................................................... 8. Total Refund - (Subtract lines 6 and 7 from line 4) .............................................................. 9. Total Tax Due - (Add lines 5, 6 and 7) Make check payable to: UTAH STATE TAX COMMISSION

7 8 9
OFFICE USE ONLY

00 00 00

Check the box for each schedule attached. Arrange in order behind this form.

Schedule A Schedule J

Schedule E Schedule M

Schedule H Schedule N

Under penalties of perjury, I declare to the best of my knowledge and belief, this return and accompanying schedules are true, correct and complete. SIGN Don't HERE forget to sign & date this return before filing with the Utah State Tax Commission.
Preparer's signature Date signed Preparer's telephone no. Signature of officer Title Date signed Check here if the Tax Commission may discuss this return with the preparer shown below (see page 5) Preparer's Social Security no. or PTIN Preparer's EIN

Paid Firm's name (or yourself if self-employed) Preparer's Section
Preparer's complete address (street, city, state, ZIP)

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Supplemental Information To Be Supplied By All S Corporations
1. Yes No Does this S corporation own more than 50 percent of the voting stock of another corporation?

If yes, provide the following information for each corporation so owned (attach additional sheets, if necessary):
Employer Identification Number Is this corporation doing business in Utah? Yes Merger Date (only if during period) Employer Identification Number No Filing Period (only when different from S Corp.) Corporation name _____ /_____ /_____ to mm dd yy _____ /_____ /_____ mm dd yy Percent of stock ownership at end of tax year Corporation name Percent of stock ownership at end of tax year

_____ /_____ /_____ mm dd yy Is this corporation doing business in Utah? Yes No

Merger Date (only if during period) Employer Identification Number

_____ /_____ /_____ mm dd yy Is this corporation doing business in Utah? Yes No

Filing Period (only when different from S Corp.) Corporation name

_____ /_____ /_____ to mm dd yy

_____ /_____ /_____ mm dd yy Percent of stock ownership at end of tax year

Merger Date (only if during period) Employer Identification Number

_____ /_____ /_____ mm dd yy Is this corporation doing business in Utah? Yes No

Filing Period (only when different from S Corp.) Corporation name

_____ /_____ /_____ to mm dd yy

_____ /_____ /_____ mm dd yy Percent of stock ownership at end of tax year

Merger Date (only if during period)

_____ /_____ /_____ mm dd yy

Filing Period (only when different from S Corp.)

_____ /_____ /_____ to mm dd yy

_____ /_____ /_____ mm dd yy

2.

Where are the corporate books and records maintained?

3.

What is the state of commercial domicile?

4.

What is the last year for which a federal examination has been completed? Under separate cover, send a summary and supporting schedules for all federal adjustments and the federal tax liability for each year for which federal audit adjustments have not been reported to the Tax Commission and indicate date of final determination. Forward information to Auditing Division, Utah State Tax Commission, 210 North 1950 West, Salt Lake City, UT 84134-2000.

5.

For what years are federal examinations now in progress, or a final determination of past examinations still pending?

6.

For what years have extensions for proposing additional assessments of federal tax been agreed to with the Internal Revenue Service?

NOTE: An automatic extension of the Statute of Limitations relating to assessment of tax is provided by UC §59-7-519 for failure to report fully the information required.

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TC-20S_2 Rev. 12/05

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TC-20S A Rev. 12/05

20S052

Schedule A - Computation of Utah Net Taxable Income and Tax Due
Corporation Name Taxable Year Ending Employer Identification Number

1. 2. 3. 4. 5.

6.

7. 8. 9. 10. 11. 12. 13. 14. 15.

16.

Federal income/loss from form 1120S, Schedule K, line 17e .......................................................................... Gain/Loss on Section 179 expense deduction passed through to shareholders from federal Sch. K-1, line 17 Charitable contributions deducted on federal form 1120S, Schedule K, line 12a.............................................. Total foreign taxes deducted on federal form 1120S, Schedule K, line 14l ....................................................... Net Income: a. Total income before nonbusiness income (add lines 1 through 4) .......................................................... Nonresident income (line 5a multiplied by nonresident taxable percentage on form TC-20S, line 1(b)) ..... b. Nonbusiness income allocation: a. Allocated to Utah: $_________________ (from Schedule H, line 13) multiplied by nonresident taxable percentage on TC-20S, line 1(b) ........ 6a 00 b. Allocated outside Utah: $_____________ (from Schedule H, line 26) multiplied by nonresident taxable percentage on TC-20S, line 1(b)......... 6b 00 Nonbusiness income total (add lines 6a and 6b) ......................................................................................... Net income subject to apportionment (subtract line 6 from line 5b) ............................................................... Apportionment fraction (enter 100%, or Schedule J, line 7, if applicable) ....................................................... Net income apportioned to Utah (line 7 multiplied by line 8) ............................................................................ Nonbusiness income allocated to Utah (amount from line 6a)........................................................................... Utah Taxable Income/Loss (add lines 9 and 10).............................................................................................. Deduction amount ­ 15% (multiply line 11 by .15; do not enter an amount less than zero) ............................. Net Taxable Income (subtract line 12 from line 11) ........................................................................................ Tax rate ............................................................................................................................................................. Calculation of tax (see instructions) a. Line 13 multiplied by line 14 ....................................................................... 15a 00 b. Built-in and other gains .............................................................................. 15b 00 c. Amended Returns Only (previous refunds) ............................................ 15c 00 Tax amount (add lines 15a through 15c) .......................................................................................................... Refundable Credits and Previous Payments for Amended Returns
CODE CODE CODE

1 2 3 4 5a 5b

00 00 00 00 00 00

6 7 8 9 10 11 12 13 14

00 00 00 00 00 00 00

.07

15

00

16a

00 16b

00 16c

16d. Total prepayments (from line 4, Schedule E below) ................................ 16d 16e. Amended Returns Only (previous payments) ........................................ 16e 17. 18. 19. 20. Total (add lines 16a through 16e) ..................................................................................................................... Overpayment - if line 16 is larger than line 15, subtract line 15 from line 16 .................... ............................... Amount of overpayment to be applied as prepayment for next taxable year .......................... ......................... Refund (subtract line 18 from line 17) Enter here and on form TC-20S, line 4 ................................................ Tax Due - if line 15 is larger than line 16, subtract line 16 from line 15. Enter here and on ............................ form TC-20S, line 5

00 00 00 16 17 18 19 20 00 00 00 00 00

Schedule E - Prepayments of Any Type - Enter the total from line 4 below on line 16d above.
1. Overpayment applied from prior year .......................................................................... .................................... 2. Extension prepayment Date _______________ Check number _______________ ........................ 3. Other prepayments (attach additional pages if necessary) 3a 00 a. Date _______________ Check number _______________ 3b 00 b. Date _______________ Check number _______________ 3c 00 c. Date _______________ Check number _______________ 3d 00 d. Date _______________ Check number _______________ Total of other prepayments (add lines 3a through 3d) .................................................................................. 4. Total prepayments (add lines 1, 2 and 3) Enter here and on Schedule A, line 16d ....................................... 1 2 00 00

3 4

00 00

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Schedule H - Nonbusiness Income Net of Expenses
Corporation Name Taxable Year Ending

(See instructions)

TC-20 H, Rev. 12/05
(For use with TC-20 and TC-20S)

Employer Identification Number

Note: Failure to complete all information required below may result in automatic disallowance of the nonbusiness income claimed.

Utah Nonbusiness Income (Allocated to Utah)
Description of Utah Nonbusiness Income 1a. 1b. 1c. 1d. 2. 3a. 3b. 3c. 3d. 4. 5. Total Utah nonbusiness income (add lines 1a through 1d) ........................................................................................................... Description of direct expenses related to line 1a above _____________________________ Enter amount of direct expenses Description of direct expenses related to line 1b above _____________________________ Enter amount of direct expenses Description of direct expenses related to line 1c above _____________________________ Enter amount of direct expenses Description of direct expenses related to line 1d above _____________________________ Enter amount of direct expenses Total direct related expenses (add lines 3a through 3d) ................................................................................................................ Acquisition Date of Nonbusiness Asset(s) Payor of Nonbusiness Income Beginning Value of Investment Used to Produce Nonbusiness Income Ending Value of Investment Used to to Produce Nonbusiness Income Nonbusiness Income

Utah nonbusiness income net of direct related expenses (subtract line 4 from line 2) ................................................................. Total Assets Used to Indirect Related Expenses for Utah Nonbusiness Income Produce Utah Nonbusiness Income Total Assets (Column A) (Column B) 6. Beginning of year ................................................................................................ 7. 8. 9. 10. 11. 12. 13. End of year .......................................................................................................... Sum of beginning and ending asset values (add lines 6 and 7) Average assets (line 8 divided by 2)...................................................................... Average Utah nonbusiness assets to average total assets (line 9, Column A, divided by line 9, Column B) ................................ Interest expense deducted in computing Utah taxable income (see instructions) ......................................................................... Indirect related expenses for Utah nonbusiness income (line 10 multiplied by line 11) ................................................................. Total Utah nonbusiness income net expenses (subtract line 12 from line 5) Enter here and on: TC-20, Sch. A, line 5a TC-20S, Sch. A, line 6a

Non-Utah Nonbusiness Income (Allocated Outside Utah)
Description of Non-Utah Nonbusiness Income 14a. 14b. 14c. 14d. 15. Total non-Utah nonbusiness income (add lines 14a through 14d) .................................................................................................. 16a. Description of direct expenses related to line 14a above ____________________________ Enter amount of direct expenses 16b. Description of direct expenses related to line 14b above ____________________________ Enter amount of direct expenses 16c. Description of direct expenses related to line 14c above ____________________________ Enter amount of direct expenses 16d. Description of direct expenses related to line 14d above ____________________________ Enter amount of direct expenses 17. 18. Total direct related expenses (add lines 16a through 16d) ............................................................................................................. Non-Utah nonbusiness income net of direct related expenses (subtract line 17 from line 15) ....................................................... Total Assets Used to Indirect Related Expenses for non-Utah Nonbusiness Income Produce Non-Utah Nonbusiness Income Total Assets (Column A) (Column B) 19. Beginning of year ................................................................................................. 20. 21. 22. 23. 24. 25. 26. End of year .......................................................................................................... Sum of beginning and ending asset values (add lines 19 and 20) Average assets (line 21 divided by 2) .................................................................. Average nonbusiness assets to average total assets (line 22, Column A, divided by line 22, Column B) ..................................... Interest expense deducted in computing Utah taxable income (see instructions) ......................................................................... Indirect related expenses for non-Utah nonbusiness income (line 23 multiplied by line 24) .......................................................... Total non-Utah nonbusiness income net of expenses (subtract line 25 from line 18) Enter here and on: TC-20, Sch. A, line 5b TC-20S, Sch. A, line 6b Acquisition Date of Non-Utah Nonbusiness Asset(s) Payor of Non-Utah Nonbusiness Income Beginning Value of Ending Value of Investment Used Investment Used to to Produce Non-Utah to Produce Non-Utah Nonbusiness Income Nonbusiness Income Non-Utah Nonbusiness Income

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20S053

Schedule J - Apportionment Schedule
Corporation Name Taxable Year Ending

TC-20 J, Rev. 12/05
(for use with TC-20, TC-20S, TC-20REIT & TC-20UBI)

Employer Identification Number

NOTE: Use this schedule only if income is taxable in another state and should be apportioned to Utah. Use this schedule with corporate forms TC-20, TC-20S, TC-20REIT and TC-20UBI.
Describe briefly the nature and location(s) of your Utah business activities:

1.

Tangible Property a. b. c. d. e. Land ................................................................................ Depreciable assets ........................................................... Inventory and supplies .................................................... Rented property ............................................................... Other tangible property .................................................... 1a 1b 1c 1d 1e 2

Inside Utah Column A
00 00 00 00 00 00 2a

Inside and Outside Utah Column B
00 00 00 00 00 00

2.

Tangible Property (total 1a through 1e) ................................ a.

Fraction (line 2, Column A, divided by line 2, Column B) .................................................................... 3 00

3.

Wages, Salaries, Commissions and Other Includable Compensation .................................................... a.

00 3a 4a 00

Fraction (line 3, Column A, divided by line 3, Column B) ....................................................................

4.

Gross Receipts from Business a. Sales (gross receipts less returns and allowances) ........................................................................... b. Sales delivered or shipped to Utah purchasers: ....................................... (1) Shipped from outside Utah (2) Shipped from within Utah .......................................... c. Sales shipped from Utah to: (1) United States Government ....................................... (2) Purchasers in a state(s) where the taxpayer has no nexus. ..
(The corporation is not taxable in the state of purchaser.)

4b(1) 4b(2) 4c(1) 4c(2) 4d 4e 5

00 00 00 00 00 00 00 5a 6 7 00 00 00

d. e. 5.

Rent and royalty income .................................................. Service income (attach schedule) ...................................

Total Sales and Services (total 4a through 4e) .................... a.

Fraction (line 5, Column A, divided by line 5, Column B) ....................................................................

6. 7.

Total of lines 2a, 3a and 5a ...................................................................................................................... Calculate the Apportionment Fraction to SIX DECIMALS: (line 6 divided by 3 or the number of factors present) ...................................................................................................................................... Enter the amount from line 7 as follows: TC-20 filers - enter on TC-20, Schedule A, line 9 TC-20S filers - enter on TC-20S, Schedule A, line 8 TC-20REIT filers - enter on TC-20REIT, line 4 TC-20UBI filers - enter on TC-20UBI, line 2

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TC-20S M Rev. 12/05

20S054 Schedule M - Qualified Subchapter S Subsidiaries Incorporated, Qualified or Doing Business in Utah
Corporation Name Taxable Year Ending Employer Identification Number

Instructions - Corporations for which a Qualified Subchapter S Subsidiary election has been made.
1. List only corporations incorporated, qualified or doing business in Utah on this form. 2. Federal schedules are not acceptable as a substitute, since they may include corporations excluded from reporting in Utah. 3. Corporations required to file in Utah not listed on this form will not be considered to have met the Utah filing requirement. Employer Identification Number Utah Incorporation/ Qualification Number Corporation Subchapter S Parent Corporation Name

Employer Identification Number

Utah Incorporation/ Qualification Number

Subsidiary Corporation Name

Acquisition Date

20S055

Schedule N - Nonresident Tax Remittance Information
Taxable Year Ending Employer Identification Number

TC-20S N Rev. 12/05

Corporation Name

Instructions: S corporations making income tax payments on behalf of nonresident shareholders must complete this form. Part 1 Utah Income Tax
S corporations must list below all nonresident shareholders for which Utah income tax is paid on behalf of the shareholder. The social security number (SSN) or employer identification number (EIN), corporate ownership percentage, and the amount of Utah tax paid on behalf of the shareholder must also be indicated for each nonresident shareholder.

This form may be copied to accommodate additional shareholders. Shareholder Social Security Number or Percentage of Employer Identification Number Ownership Utah Tax Paid on Behalf of Shareholder

00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00
Total (This amount should equal the amount on Schedule A, line 15a)
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$

00

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Part 2 Nonrefundable Tax Credits S Corporations must allocate nonrefundable tax credits for each shareholder for which nonrefundable tax credits may be claimed on an income tax return.

Indicate the credit code (02-13) and the amount in the columns provided below for each shareholder. 02 = Qualified sheltered workshop cash contribution credit 03 = Energy systems credit (form TC-40E) 05 = Clean fuel vehicle tax credit (form TC-40V) 06 = Historic preservation tax credit (form TC-40H) 07 = Enterprise zone tax credit 08 09 10 12 13 = Low income housing tax credit (see instructions) = Credit for employers who hire disabled (form TC-40HD) = Recycling market development zone tax credit (form TC-40R) = Credit for increasing research activities = Credit for machinery and equipment used to conduct research

Credit Code Shareholder ________ 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Total amount for each credit code $ 00

Credit Code

Credit Code

Credit Code

Credit Code Total for each Shareholder 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

________ 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 $ 00

________ 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 $ 00 $

________ 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

________

00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00 $ 00

00 $

TC-20S N_2 Rev. 12/05

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