Instructions for Form TC-20 Utah Corporation Franchise and Income Tax Return - Utah

This document contains official instructions for Form TC-20 , Utah Corporation Franchise and Income Tax Return - a form released and collected by the Utah State Tax Commission.

FAQ

Q: What is Form TC-20?
A: Form TC-20 is the Utah Corporation Franchise and Income Tax Return.

Q: Who should file Form TC-20?
A: All corporations doing business in Utah are required to file Form TC-20.

Q: What is the purpose of Form TC-20?
A: Form TC-20 is used to report the corporation's income, deductions, credits, and tax liability to the state of Utah.

Q: When is Form TC-20 due?
A: Form TC-20 is generally due on the 15th day of the 4th month following the close of the corporation's tax year.

Q: Are there any penalties for late filing of Form TC-20?
A: Yes, there are penalties for late filing of Form TC-20. The penalties vary depending on the corporation's tax liability and the length of the delay.

Q: Are there any payment requirements with Form TC-20?
A: Yes, corporations are required to pay any tax due with Form TC-20. Failure to pay the tax by the due date may result in penalties and interest.