Free 2003 Utah Corporation Franchise or Income Tax Return TC-20 - Utah

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Utah State Tax Commission 210 N 1950 W, Salt Lake City, UT 84134

Utah Corporation Franchise or Income Tax Return
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TC-20
Rev. 12/03

This return is for the calendar year ending Dec. 31, 2003, or fiscal year beginning Jan. 1, 2003 Dec. 31, 2003 and ending .

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 ONLY THE FIRST FOUR PAGES OF YOUR FEDERAL RETURN. Corporations included in combined filings must complete Schedule M. 1. Check if this corporation conducted any UTAH business activity during the taxable year ............................................ 2. Check if this corporation joined in a federal consolidated return .................................................................................. 3. Check if this return constitutes (check no more than one box): (see "Combined Reports" in the General Instructions) (a) A "water's edge" combined report .................................................................................................................... or (b) A "water's edge" election under UCA §59-7-402(2) .......................................................................................... or (c) A "worldwide" combined report ........................................................................................................................ 4. If an election has been made or considered to have been made on behalf of any member of the federal affiliated
group during the taxable year, check the appropriate box(es) and attach a schedule showing names of target corporation(s) and details of such transaction(s). See "IRC Sections..." in the General Instructions.

Check box

1. 2. 3 3 3(c)

5.

(a) IRC Section 338 ............................................................................................................................................... (b) IRC Section 338 (h)(10) ................................................................................................................................... (c) IRC Section 336 (e) .......................................................................................................................................... Check if this return includes one or more financial institutions as defined by Tax Commission Rule R865-6F-32 ............. What is the ultimate U.S. parent's name? What is the ultimate U.S. parent's EIN? ______________________________________________ ______________________________________________ 8 9 10

4 4 4 5.

6. 7. 8. 9. 10.

Net Refund (from Schedule A, line 23) ................................................................................................. Net Tax Due (from Schedule A, line 24) ............................................................................................... ......................................................
Late payment $ penalty

00 00 00

Total the penalties and interest listed below and enter on this line
Late filing penalty $ Penalty for underpayment of required prepayment $ Interest $ Extension penalty $

11. 12. 13.

Utah Use Tax, if $400 or less (see instructions) .................................................................................. TOTAL REFUND (subtract lines 10 and 11 from line 8) TOTAL TAX REMITTED (add lines 9, 10 and 11)
Schedule A Schedule J

11 12 13
OFFICE USE ONLY

00 00 00

....................................................................... ......

Make check payable to: UTAH STATE TAX COMMISSION

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

Schedule B, C and D Schedule M

Schedule H

Under penalties of perjury, I declare that to the best of my knowledge and belief, this return and accompanying schedules are true, correct and complete.
Signature of officer Preparer's signature Date Date signed Telephone City Title Preparer's SSN/PTIN EIN State Zip code

Don't forget to sign & date this return before filing with the Utah State Tax Commission.
Paid Preparer's Section
Preparer's complete address Check if self-employed

Firm's name (or yours, if self-employed)

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Supplemental Information To Be Supplied By All Corporations
1. What is the date of incorporation and in what state? 2. If this corporation is dissolved or withdrawn, see "Dissolution or Withdrawal" in the General Instructions. 3. Did the corporation at any time during its income year own more than 50 percent of the voting stock of another corporation or corporations? If yes, provide the following for each corporation so owned: (attach additional pages if necessary) Name of corporation Address Percentage of stock owned 4. Yes No % Date stock acquired Yes No

Is 50 percent or more of the voting stock of this corporation owned by another corporation?

If yes, provide the following information about the corporation: Name of corporation Address Percentage of stock held 5. Yes No %

Did this corporation or its subsidiary(ies) have a change in control or ownership, or acquire ownership or control of any other legal entity this year?

6. Where are the corporate books and records maintained?

7. What is the state of commercial domicile? 8. What is the last year for which a federal examination has been completed? Under separate cover, send a summary and supporting schedules for the 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. 9. For what years are federal examinations now in progress, or final determination of past examinations still pending?

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

Schedule E - Prepayments of Any Type - Enter the total from line 4 below on line 18(d) of Schedule A.
1. 2. 3. Overpayment applied from prior year ..................................................................................... 1 Extension prepayment Date __________ Check number __________ ....................... 00 00 00 00 00 00 2 00 00

Other prepayments (attach additional page(s) if necessary) (a) Date Check number (b) (c) (d) Date Date Date Check number Check number Check number

Total of other prepayments (add lines 3(a) through 3(d))...................................................... 3 4. Total prepayments (add lines 1, 2 and 3) Enter here and on Schedule A, line 18(d) ..............
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TC-20 (2) Rev. 12/03

Schedule A - Computation of Utah Net Taxable Income and Total Tax Due
Corporation Name 1. 2. 3. 4. 5. Taxable Year Ending

TC-20 A Rev. 12/03

Dec. 31, 2003

Employer Identification Number 1 2 3 4 00 00 00 00

Unadjusted income/loss (federal taxable income) before NOL and special deductions (federal form 1120/1120-A) ...... Additions to unadjusted income (Schedule B, line 15) .................................................................................................... Subtractions from adjusted income (Schedule C, line 14) ............................................................................................... Adjusted income (add amounts on lines 1 and 2, then subtract amount on line 3) ......................................................... Nonbusiness income net of related expenses from Schedule H: (a) Allocated to Utah (from Schedule H, line 13) ...................................................... (b) Allocated outside Utah (from Schedule H, line 26) ............................................. 5(a) 5(b) 00 00

Nonbusiness income total (add lines 5(a) and 5(b)) ........................................................................................................ 6. 7. 8. 9. 10. 11. 12. Apportionable income before contributions deduction (subtract line 5 from line 4) ......................................................... Utah contributions (from Schedule D, line 8) .................................................................................................................... Apportionable income (subtract line 7 from line 6) .......................................................................................................... Apportionment fraction (100% or Schedule J, line 7) ...................................................................................................... Apportioned income (line 8 multiplied by line 9) .............................................................................................................. Nonbusiness income allocated to Utah (from line 5(a), above) ....................................................................................... Utah Taxable Income/Loss (add lines 10 and 11) If line 12 is a (loss) and the election was made to forego the federal .......... net operating loss carryback, do you also want to forego the Utah net loss carryback? If an election is not indicated by marking a box, . .............. Utah net loss carried forward from prior years (attach documentation) .........................................................................

5 6 7 8 9 10 11 12

00 00 00 00 % 00 00 00

Yes
13 14

No
00 00

13. 14. 15.

Net Taxable Income (subtract line 13 from line 12) ........................................................................................................ Calculation of tax (see instructions) (a) Multiply line 14 by .05 ...................................................................................... (b) Enter the total number of corporations in Utah multiplied by $100 ................... (c) Enter the greater of 15(a) or 15(b) ................................................................... (d) Interest on installment sales and/or tax from recapture of credits .................... Tax amount (add lines 15(c) and 15(d)) .......................................................................................................................... 00 00 00 00

15

00

16.

Nonrefundable Credits (obtain two-digit code from instructions) (a) Credit ................................................................................................... (b) Credit ................................................................................................... (c) Credit ................................................................................................... (d) Credit ................................................................................................... (e) Credit ...................................................................................................

CODE 00 00 00 00 00 The total nonrefundable credits on line 16 cannot exceed the amount on line 15 less line 15(b). 16 17 00 00

Total nonrefundable credits (add lines 16(a) through (16(e)) ....................................................................................... 17. 18. Net tax (subtract line 16 from line 15) Cannot be less than line 15(b) above. ................................................................ Refundable Credits (see instructions) (a) Mineral production withholding (attach form TC-675R) ....................... (b) Off-highway Utah agricultural fuel tax credit ........................................ (c) Targeted business income tax credit ................................................... CODE 4 4 4 6 7 0 00 00 00 00

(d) Total prepayments (Schedule E, line 4) ............................................................ Total refundable credits (add lines 18(a) through 18(d)) .................................................................................................. 19. 20. 21. 22. 23. 24. 25. Amended returns only (see instructions) ...................................................................................................................... Total refundable credits (add lines 18 and 19) .............................................................................................................. Overpayment - If line 20 is larger than line 17, subtract line 17 from line 20 ................................................................... Amount of overpayment to be applied as advance payment for next taxable year .......................................................... Refund - Subtract line 22 from line 21; enter amount here and on TC-20, line 8 ............................................................ Tax Due - If line 17 is larger than line 20, subtract line 20 from line 17; enter amount here and on TC-20, line 9 .......... Quarterly estimated prepayments meeting exceptions. Check boxes that correspond to the quarterly installments that qualify for exceptions to penalties (see instructions). Attach supporting documentation. ........................................

18 19 20 21 22 23 24 1st 2nd 3rd 4th

00 00 00 00 00 00 00

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Schedules B, C, and D
Corporation Name Taxable Year Ending

TC-20 B-D Rev. 2/03

Dec. 31, 2003

Employer Identification Number

Schedule B - Additions to Unadjusted Income
2. (a) (b) (c) (d) (e)

(See instructions)
00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

1. Interest from state obligations ............................................................................................................................. 1 Income taxes paid to any state ................................................................................................................... 2(a) Franchise or privilege taxes paid to any state ............................................................................................ 2(b) Corporate stock taxes paid to any state ...................................................................................................... 2(c) Any income, franchise or capital stock taxes imposed by a foreign country ................................................ 2(d) Business and occupation taxes paid to any state ....................................................................................... 2(e)

3. Safe harbor lease adjustments ........................................................................................................................... 3 4. Capital loss carryover ......................................................................................................................................... 4 5. Deductions taken previously on the Utah return ................................................................................................. 5 6. Federal charitable contributions from federal form 1120, line 19; or 1120-A, line 19 .......................................... 6 7. Gain/loss on IRC Sections 338(h)(10) or 336(e) ................................................................................................. 7 8. Adjustments due to basis difference ................................................................................................................... 8 9. Expenses attributable to 50 percent unitary foreign dividend exclusion .............................................................. 9 10. Installment sales income previously taken for federal, but not for Utah purposes .............................................. 10 11. Refund received from Utah Education Savings Plan .......................................................................................... 11 12. Income/loss from IRC Section 936 corporations ................................................................................................ 12 13. Foreign income/loss for "worldwide" combined filers .......................................................................................... 13 14. Income/loss of unitary corporations not included on the federal consolidated return ......................................... 14 15. Total additions (add lines 1 through 14) Enter here and on Schedule A, line 2. ................................................ 15

Schedule C - Subtractions from Unadjusted Income (See instructions)
1. Intercompany dividend elimination (Caution: See "Instructions for Schedule C") ............................................... 1 2. Foreign dividend gross-up .................................................................................................................................. 2 3. Net capital loss .................................................................................................................................................... 4. (a) (b) (c) (d) 3 Salary expense related to federal jobs credit ............................................................................................. 4(a) Qualified and basic research expense related to federal R&D credit ......................................................... 4(b) Qualified clinical testing expense related to federal orphan drug credit ..................................................... 4(c) Any decrease in any expense deduction for federal income tax purposes due to claiming any other federal credit (attach schedule) ................................................................................................... 4(d) 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

5. Safe harbor lease adjustments ........................................................................................................................... 5 6. Income previously taxed by Utah ......................................................................................................................... 6 7. Fifty percent exclusion for dividends from unitary foreign subsidiaries .............................................................. 7 8. Fifty percent exclusion of "foreign operating company" income ........................................................................... 8 9. Gain or loss on stock sale not recognized for federal purposes (but included in unadjusted income) when IRC Sections 338(h)(10) or 336(e) have been elected ................................................................ 9 10. Basis adjustments ............................................................................................................................................... 10 11. Interest expense not deducted on federal return under IRC Sections 265(b) or 291(e) ...................................... 11 12. Dividends received from insurance company subsidiaries that are taxed on their premiums ............................. 12 13. Payments made to the Utah Educational Savings Plan ...................................................................................... 13 14. Total subtractions (add lines 1 through 13) Enter here and on Schedule A, line 3. ........................................... 14

Schedule D - Utah Contributions Deduction (See instructions)
1. Apportionable income before contributions (from Schedule A, line 6) ................................................................. 1 2. Utah contribution limitation rate (decimal) ........................................................................................................... 2 3. Utah contribution limitation (multiply line 1 by line 2) If line 1 is a loss, no contribution is allowed. ..................... 3 4. Current year contribution ..................................................................................................................................... 4 ( ( ) ) 5. Contributions deducted on federal form 1120, line 19; or 1120-A, line 19: (a) Contributions to sheltered workshops claimed as a tax credit on Schedule A, line 16 (code 02) ................ 5(a) (b) Deductions for higher technology equipment claimed as a tax credit on Schedule A, line 16 (code 14) ..... 5(b) 6. Utah contributions carryforward (attach schedule) ............................................................................................. 6 7. Total available contributions deduction (subtract lines 5(a) and 5(b) from line 4 and add line 6) ........................ 7 8. Utah allowed contributions deduction (lesser of line 3 or line 7) Enter here and on Schedule A, line 7. ............. 8 00

.10
00 00 00 00 00 00 00

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

(See instructions)

TC-20 H, Rev. 12/03
(For use with TC-20 and TC-20S)

Dec. 31, 2003

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 1(a) 1(b) 1(c) 1(d) 2. 3(a) 3(b) 3(c) 3(d) 4. 5. Total Utah nonbusiness income (add lines 1(a) through 1(d)) ....................................................................................................... Description of direct expenses related to line 1(a) above ____________________________ Enter amount of direct expenses Description of direct expenses related to line 1(b) above ____________________________ Enter amount of direct expenses Description of direct expenses related to line 1(c) above ____________________________ Enter amount of direct expenses Description of direct expenses related to line 1(d) above ____________________________ Enter amount of direct expenses Total direct related expenses (add lines 3(a) through 3(d)) ............................................................................................................ Utah nonbusiness income net of direct related expenses (subtract line 4 from line 2) .................................................................. Assets Used to Produce Utah Nonbusiness Income (Column A) Total Assets (Column B) 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 Produce Nonbusiness Income Nonbusiness Income

Indirect Related Expenses for Utah Nonbusiness Income 6. 7. 8. 9. 10. 11. 12. 13. Beginning of year ................................................................... 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 Schedule A, line 5(a) .................

Non-Utah Nonbusiness Income (Allocated Outside Utah)
Description of Non-Utah Nonbusiness Income 14(a) 14(b) 14(c) 14(d) 15. Total non-Utah nonbusiness income (add lines 14(a) through 14(d)) ............................................................................................ 16(a) Description of direct expenses related to line 14(a) above ___________________________ Enter amount of direct expenses 16(b) Description of direct expenses related to line 14(b) above ___________________________ Enter amount of direct expenses 16(c) Description of direct expenses related to line 14(c) above ___________________________ 17. 18. Enter amount of direct expenses 16(d) Description of direct expenses related to line 14(d) above ___________________________ Enter amount of direct expenses Total direct related expenses (add lines 16(a) through 16(d)) ....................................................................................................... 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 (Column A) 19. 20. 21. 22. 23. 24. 25. 26. Beginning of year .................................................................... ....... End of year ..................................................................................... Sum of beginning and ending asset values (add lines 19 and 20) Average assets (line 21 divided by 2) ................................. ........... Average total 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 Schedule A, line 5(b) .... Total Assets (Column B) 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 Produce Nonbusiness Income Nonbusiness Income

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Schedule J - Apportionment Schedule
Corporation Name Taxable Year Ending

TC-20 J, Rev. 12/03
(for use with TC-20, TC-20S, TC-20REIT & TC-20UBI)

Employer Identification Number

Dec. 31, 2003
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) Land ................................................................................ (b) Depreciable assets ........................................................... (c) Inventory and supplies .................................................... (d) Rented property ............................................................... (e) Other tangible property .................................................... 1(a) 1(b) 1(c) 1(d) 1(e) 2

Inside Utah Column A
00 00 00 00 00 00 2(a)

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

2.

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

(a) Fraction (line 2, Column A, divided by line 2, Column B) .................................................................... 3. Wages, Salaries, Commissions and Other Includable Compensation .................................................... 3 00

00 3(a) 4(a) 00

(a) 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.)

4(b1) 4(b2) 4(c1) 4(c2) 4(d) 4(e) 5

00 00 00 00 00 00 00 5(a) 6 7 00 00 00

(d) Rent and royalty income .................................................. (e) Service income (attach schedule) ................................... 5. Total Sales and Services (total 4(a) through 4(e)) ................

(a) Fraction (line 5, Column A, divided by line 5, Column B) .................................................................... 6. 7. Total of lines 2(a), 3(a) and 5(a) ............................................................................................................... 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 7 TC-20REIT filers - enter on TC-20REIT, line 4 TC-20UBI filers - enter on TC-20UBI, line 2

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Schedule M - Corporations Included in Combined Filings
Corporation Name Taxable Year Ending Employer Identification Number

TC-20 M Rev.12/03

Dec. 31, 2003
Instructions
1. Only corporations incorporated, qualified or doing business in Utah should be listed on this form. 2. Federal schedules are not acceptable as a substitute, since they may include corporations that are excluded from reporting in Utah. 3. Corporations required to file in Utah that are not listed on this form will not be considered to have met the Utah filing requirement. 4. List the filing period if it is different from the parent corporation's filing period. 5. At least the minimum tax of $100 per corporation listed on this schedule must be entered on Schedule A, line 15(b) Total number of corporations in Utah multiplied by the minimum tax of $100 = $

List only corporations included in this return that are doing business, incorporated or qualified in Utah (attach additional sheets if necessary).
Employer Identification Number Utah Incorporation/ Qualification Number Common Parent Corporation Name

Employer Identification Utah Incorporation/ Number Qualification Number

Affiliate/Subsidiary Corporation Name

Filing Period (if different from parent) Begin Date End Date

Merge Date

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