Instructions for Form TC-65 Utah Partnership / Limited Liability Partnership / Limited Liability Company Return - Utah

This document contains official instructions for Form TC-65 , Utah Partnership/Limited Liability Partnership/Limited Liability Company Return - a form released and collected by the Utah State Tax Commission.

FAQ

Q: What is Form TC-65?
A: Form TC-65 is a tax return form for partnerships, limited liability partnerships (LLPs), and limited liability companies (LLCs) in Utah.

Q: Who needs to file Form TC-65?
A: Partnerships, LLPs, and LLCs doing business in Utah are required to file Form TC-65.

Q: When is the deadline to file Form TC-65?
A: The deadline to file Form TC-65 in Utah is the 15th day of the fourth month following the end of the partnership's fiscal year.

Q: What information is required on Form TC-65?
A: Form TC-65 requires information such as the partnership's or LLC's name, address, federal employer identification number (FEIN), taxable year, and details of income, deductions, and credits.

Q: Are there any penalties for late filing of Form TC-65?
A: Yes, there are penalties for late filing of Form TC-65. The penalty is $20 for each month or part of a month the return is late, up to a maximum of $1,000.

Q: Is there a minimum income threshold for filing Form TC-65?
A: Yes, partnerships, LLPs, and LLCs in Utah must file Form TC-65 if their gross receipts or total income exceeds $2,500 in any taxable year.