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

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

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

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

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 return including schedule K and 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 UCA §59-7-701, Schedules A through N may not be required.
Check box if this is the first return as an S corporation. If so, attach the IRS "Notice Effective date: of Acceptance as an S Corporation" designation letter and provide the effective date. Resident Nonresident 501 IRC Exempt 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. Include on Schedule M each "Qualified Subchapter S Subsidiary" that is doing business, incorporated or qualified in Utah. 4. Net Refund - (from Schedule A, line 18) .............................................................................. 5. Net Tax Due - (from Schedule A, line 19) ............................................................................... 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 Remitted - (Add lines 5, 6 and 7) Make check payable to: UTAH STATE TAX COMMISSION Schedule A Schedule J Schedule E Schedule M Schedule H Schedule N

7 8 9
OFFICE USE ONLY

00 00 00

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

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 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) mm Employer Identification Number / dd / yy No Filing Period (only when different from S Corp.) Corporation name / mm dd / yy to mm / dd / yy Corporation name Percent of stock ownership at end of tax year

Is this corporation doing business in Utah? Yes No /

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 / dd yy

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

/ mm dd

/ yy

to mm

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

/

Merger Date (only if during period) mm Employer Identification Number

/

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

/ mm dd

/ yy

to mm

/ dd

/ yy

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

Percent of stock ownership at end of tax year

Merger Date (only if during period) mm

/

Filing Period (only when different from S Corp.)

/ mm dd

/ yy

to 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 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. 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 UCA §59-7-519 for failure to report fully the information required.
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Schedule A - Computation of Utah Net Taxable Income and Total Tax Due
Corporation Name Taxable Year Ending

TC-20S A Rev. 12/03

Dec. 31, 2003

Employer Identification Number

1. 2. 3. 4.

5.

6. 7. 8. 9. 10. 11. 12. 13. 14.

15.

Income or loss from federal form 1120S, Schedule K, line 23 ......................................................................... Charitable contributions that were deducted on federal form 1120S, Schedule K, line 7 ................................. Total foreign taxes that were deducted on federal from 1120S, Schedule K, Line 15(g) .................................. Net Income: (a) Total income before nonbusiness income (add lines 1, 2 and 3) ........................... ................................. ... (b) Nonbusiness income: (a) Allocated to Utah: $ (from Schedule H, line 13) multiplied by nonresident taxable percentage on TC-20S, line 1(b) ....... 5(a) 00 (from Schedule H, line 26) (b) Allocated outside Utah: $ multiplied by nonresident taxable percentage on TC-20S, line 1(b) ....... 5(b) 00 Nonbusiness income total (add lines 5(a) and 5(b)) ......................................................................................... Net income subject to apportionment (subtract line 5 from line 4(b)) ............................................................... Apportionment fraction (100%, or Schedule J, line 7) ...................................................................................... Net income apportioned to Utah (line 6 multiplied by line 7) ............................................................................ Nonbusiness income allocated to Utah (line 5(a)) ............................................................................................ Utah Taxable Income/Loss (add lines 8 and 9) .............................................................................................. Deduction amount applies for income greater than zero (multiply line 10 by .15) ........................................... Net Taxable Income (subtract line 11 from line 10) ......................................................................................... Tax rate ............................................................................................................................................................. Calculation of tax (see instructions) (a) Line 12 multiplied by line 13 ....................................................................... 14(a) 00 (b) Built-in and other gains .............................................................................. 14(b) 00 (c) Amended Returns Only (previous refunds) ............................................ 14(c) 00 Tax amount (add lines 14(a) through 14(c)) ..................................................................................................... Refundable Credits and Previous Payments for Amended Returns CODE (a) Mineral production withholding (attach form TC-675R) ................. 4 6 15(a) 00 (b) Off-highway agricultural gas tax credit ......................................... 4 7 15(b) 00 (c) Targeted business income tax credit ............................................ 4 0 15(c) 00 (d) Total prepayments (from line 4 of Schedule E, below) ............................... 15(d) 00 (e) Amended Returns Only (previous payments) .......................................... 15(e) 00 Total (add lines 15(a) through 15(e)) ................................................................................ ............................... Overpayment - if line 15 is larger than line 14, subtract line 14 from line 15 ................................................... Amount of overpayment to be applied as advance payment for next taxable year .......................................... Refund (subtract line 17 from line 16) Enter here and on form TC-20S, line 4 ............................................... Total Tax - if line 14 is larger than line 15, subtract line 15 from line 14. Enter the amount ............................ here and on line 5 of form TC-20S

1 2 3 4(a) 4(b)

00 00 00 00 00

5 6 7 8 9 10 11 12 13

00 00 % 00 00 00 00 00

.07

14

00

15 16 17 18 19

00 00 00 00 00

16. 17. 18. 19.

Schedule E - Prepayments of Any Type - Enter the total from line 4 below on line 15(d) above.
1. 2. 3. Overpayment applied from prior year .............................................................................................................. Check number ........................ Extension prepayment Date Other prepayments (attach additional pages if necessary) (a) Date Check number 3(a) 00 (b) Date Check number 3(b) 00 (c) Date Check number 3(c) 00 (d) Date Check number 3(d) 00 Total of other prepayments (add lines 3(a) through 3(d)) .............................................................................. Total prepayments (add lines 1, 2 and 3) Enter here and on Schedule A, line 15(d) ....................................... 1 2 00 00

4.

3 4

00 00

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TC-20S (2) Rev. 12/03

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

Dec. 31, 2003
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 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. Employer Identification Number Utah Incorporation/ Qualification Number Corporation Subchapter S Parent Corporation Name

TC-20S M Rev. 12/03

Employer Identification Number

Utah Incorporation/ Subsidiary Corporation Name

Acquisition Date

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

TC-20S N Rev. 12/03

Dec. 31, 2003

Part 1 Utah Income Tax
S corporations must list below all nonresident shareholders for which Utah income tax is paid on behalf of 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 SSN or EIN 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 00
Total (This amount should equal the amount on Schedule A, line 14(a))
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$
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00

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

Indicate the type of credit (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) = Low income housing tax credit (see instructions) (09) = Credit for employers who hire disabled (form TC-40HD) (10) = (12) = Tax credit for increasing research activities (13) = Tax credit for machinery and equipment used to conduct research

Credit Type Shareholder

Credit Type

Credit Type

Credit type

Credit Type Total for each Shareholder

00 00 00 00 00 00 00 00 00 00 00 00 Total amount for each credit type $ 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

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TC-20S N (2) Rev. 12/03