Free 2001 TC-20 - Utah

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

2001
TC-20
Rev. 12/01

Utah Corporation Franchise or Income Tax Return

This return is for the calendar year ending Dec. 31, 2001, or fiscal year beginning ________________________ and ending _________________________. AMENDED RETURN Corporation name Address See page 5 for "THE REASONS FOR AMENDING" and enter the number in this box Employer Identification Number Utah Incorporation/Qualification Number Telephone number

(
City State ZIP code

)

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," page 3) or a. A "water's edge" combined report b. A "water's edge" election under UCA §59-7-402(2)

Check box 1. 2. 3a. 3b. 3c. Official Use Only

E V W

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 page 4 of the General Instructions. a. IRC Section 338 b. IRC Section 338 (h)(10) c. IRC Section 336 (e) 5. Check if this return includes one or more financial institutions as defined by Tax Commission Rule R865-6F-32. 6. What is the ultimate U.S. parent's name? 7. What is the ultimate U.S. parent's EIN? 8. Net Refund (from Schedule A, line 23) 9. Net Tax Due (from Schedule A, line 24) 10. Total the penalties and interest listed below and enter on this line Late filing penalty $ Interest $ Late payment $ penalty

4a. 4b. 4c. 5.

G H E

8 9 10

00 00 00

Penalty for underpayment of required prepayment $ 11. Utah Use Tax, if $400 or less

Extension penalty $ 11 12
UTAH STATE TAX COMMISSION

00 00 00

12. TOTAL REFUND (subtract lines 10 and 11 from line 8) 13. TOTAL TAX REMITTED (add lines 9, 10 and 11) Make check payable to: Check the box for each schedule attached
Schedule A Schedule J Schedule B, C, and D Schedule M

13
Official Use Only

Schedule H

Under penalties of perjury, I declare that to the best of my knowledge and belief, this return and accompanying schedules reflect my true tax status.
Signature of officer Date signed Title

Paid preparer's signature

Date signed

Paid Preparer's Firm's name (or yours if self-employed) Section
Paid preparer's complete address

Check if self-employed

Preparer's Social Security Number/PTIN

Telephone number

Employer Identification Number

City

State

ZIP code

Supplemental Information To Be Supplied By All Corporations
1. What is the date of incorporation and in what state?

2. Has this company dissolved or withdrawn? If yes, see instructions on page 1. 3. Yes No 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

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. Which 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 Utah State Tax Commission, Auditing Division, 210 North 1950 West, Salt Lake City, Utah 84134-0300. 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 1. Overpayment applied from prior year 2. Extension prepayment

Enter the total from line 4 below on line 18c of Schedule A.
1 2 3a 3b 3c 3d

00 00

Date ____________ Check number ______________ Check number Check number Check number Check number

3. Other prepayments (attach sheet if necessary) a. Date b. Date c. Date d. Date

00 00 00 00
3 4

Total of other prepayments (add lines 3a through 3d) 4. Total prepayments (add lines 1, 2, and 3, enter on this line and on Schedule A, line 18c)

00 00

Schedule A - Computation of Utah Net Taxable Income and Total Tax Due
Corporation Name Taxable Year Ending Employer Identification Number 1. Unadjusted income/loss (federal taxable income) before NOL and special deductions (federal form 1120/1120-A) 2. Additions to unadjusted income (Schedule B, line 15) 3. Subtractions from unadjusted income (Schedule C, line 14) 4. Adjusted income (add amounts on lines 1 and 2, then subtract amount on line 3) 5. 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) Nonbusiness income total (add lines 5a and 5b) 6. Apportionable income before contributions deduction (subtract line 5 from line 4) 7. Utah contributions (Schedule D, line 8) 8. Apportionable income (subtract line 7 from line 6) 9. Apportionment fraction (100% or Schedule J, line 7) 10. Apportioned income (line 8 multiplied by line 9) 11. Nonbusiness income allocated to Utah (from line 5a above) 12. Utah Taxable Income/Loss (add lines 10 and 11) (see instructions page 7) If line 12 is a (loss) and you elected to forego the Federal net operating loss carryback, do you also want to forego the Utah net loss carryback? If you do not make a selection, it will be assumed that your answer is "No" and the loss will be treated as carryback. 13. Utah net loss carried forward from prior years (attach documentation) (see instructions page 7) 14. Net Taxable Income (subtract line 13 from line 12) 15. Calculation of tax (see instructions page 7) (a) Multiply line 14 by .05 (b) Enter total number of corporations in Utah multiplied by $100 (c) Enter greater of 15a or 15b (d) Interest on installment sales Tax amount (add lines 15c and 15d) 16. Nonrefundable Credits (see instructions, pages 7 - 11) a. Credit Code: b. Credit c. Credit d. Credit e. Credit Code: Code: Code: Code: 15a 15b 15c 15d 00 00 00 00 15 5a 5b 00 00 5 6 7 8 9 10 11 12 Yes 13 14 1 2 3 4

TC-20 A Rev. 12/01

00 00 00 00

00 00 00 00 % 00 00 00 No 00 00

00

Amount: Amount: Amount: Amount: Amount:

16a 16b 16c 16d 16e

00 00 00 00 00 The total nonrefundable credits on line 16 cannot exceed the amount on line 15. 16 17 00 00

Total nonrefundable Credits (add lines 16a - 16e) (See instructions) 17. Net Tax - (subtract line 16 from line 15) (cannot be less than the minimum tax per corporation) 18. Refundable Credits (see instructions, page 11) a. Mineral production withholding (attach TC-675R) b. Off-highway Utah agricultural gas tax credit c. Total prepayments (Schedule E, line 4) Total refundable credits (add lines 18a through 18c) 19. Amended Returns Only (see instructions page 11) 20. Total refundable credits (add lines 18 and 19) 21. Overpayment - If line 20 is larger than line 17, subtract line 17 from line 20 22. Amount of overpayment to be applied as advance payment for next year 23. Refund - subtract line 22 from line 21, enter amount here and on TC-20, line 8 24. 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 25. Quarterly estimated prepayments meeting exceptions. Check boxes that correspond to the quarterly installments that qualify for exceptions to penalties (see instructions, page 2) Attach supporting documentation. 1st

18a

00 00 00 18 19 20 21 22 23 24 2nd 3rd 4th 00 00 00 00 00 00 00

18b 18c

Schedules B, C, and D
Corporation Name Taxable Year Ending Employer Identification Number

TC-20 B-D Rev. 12/01

Schedule B - Additions to Unadjusted Income
1. 2. Interest from state obligations a. Income taxes paid to any state b. Franchise or privilege taxes paid to any state c. Corporate stock taxes paid to any state

(See instructions page 10)
1 2a 2b 2c 2d 2e 3 4 5 6 7 8 9 10 11 12 13 14 15 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

d. Any income, franchise, or capital stock taxes imposed by a foreign country e. Business and occupation taxes paid to any state 3. 4. 5. 6. 7. 8. 9. Safe harbor lease adjustments Capital loss carryover Deductions taken previously on the Utah return Federal charitable contributions from federal form 1120, line 19 Gain/loss on IRC Sections 338(h)(10) or 336(e) Adjustments due to basis difference Expenses attributable to fifty percent unitary foreign dividend exclusion

10. Installment sales income previously taxed for federal, but not for Utah purposes 11. Refund received from Utah Educational Savings Plan 12. Income/loss from IRC Section 936 corporations 13. Foreign income/loss for "worldwide" combined filers 14. Income/loss of unitary corporations not included on the federal consolidated return 15. Total additions (add lines 1 through 14) (enter here and on Schedule A, line 2)

Schedule C - Subtractions From Unadjusted Income (See instructions page 13)
1. 2. 3. 4. Intercompany dividend elimination (caution: see instructions page 13) Foreign dividend gross-up Net capital loss a. Salary expense related to federal jobs credit b. Qualified and basic research expense related to federal R&D credit c. Qualified clinical testing expense related to federal orphan drug credit d. Any decrease in any expense deduction for federal income tax purposes due to claiming any other federal credit. (Attach schedule) 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Safe harbor lease adjustments Income previously taxed by Utah Fifty percent exclusion for dividends from unitary foreign subsidiaries Fifty percent exclusion of "foreign operating company" income 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 Basis adjustments Interest expense not deducted on federal return under IRC Sections 265(b) or 291(e) Dividends received from insurance company subsidiaries that are taxed on their premiums Payments made to the Utah Educational Savings Plan Total subtractions (add lines 1 through 13) (enter here and on Schedule A, line 3) 1 2 3 4a 4b 4c 4d 5 6 7 8 9 10 11 12 13 14 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00

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

.10
00 00

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

TC- 20 H Rev. 12/01

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

Utah Nonbusiness Income (Allocated to Utah) (See instructions page 14)
Description of Utah Nonbusiness Income 1a. 1b. 1c. 1d. 2. Total Utah nonbusiness income (add lines 1a through 1d) Enter amount of direct expense Enter amount of direct expense Enter amount of direct expense Enter amount of direct expense 3a. Description of direct expense related to line 1a above 3b. Description of direct expense related to line 1b above 3c. Description of direct expense related to line 1c above 3d. Description of direct expense related to line 1d above 4. 5. Total direct related expenses (add lines 3a through 3d) Utah nonbusiness income net of direct related expenses (subtract line 4 from line 2) Assets Used To Produce Utah Nonbusiness Income Indirect Related Expenses for Utah Nonbusiness Income (Column A) 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) 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

Total Assets (Column B)

6. 7. 8. 9.

10. Average Utah nonbusiness assets to average total assets (line 9, column A divided by line 9, column B) 11. Interest expense deducted in computing Utah taxable income 12. Indirect related expenses for Utah nonbusiness income (line 10 multiplied by line 11) 13. Total Utah nonbusiness income net of expenses (subtract line 12 from line 5, enter here and on Schedule A, line 5a)

Non-Utah Nonbusiness Income (Allocated Outside Utah) (See instructions page 15)
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 expense related to line 14a above 16b. Description of direct expense related to line 14b above 16c. Description of direct expense related to line 14c above 16d. Description of direct expense related to line 14d above 17. Total direct related expenses (add lines 16a through 16d) 18. 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 Nonbusiness Income (Column A) 19. Beginning of year 20. End of year 21. Sum of beginning and ending asset values (add lines 19 and 20) 22. Average assets (line 21 divided by 2) 23. Average total nonbusiness assets to average total assets (line 22, column A divided by line 22, column B) 24. Interest expense deducted in computing Utah taxable income 25. Indirect related expenses for non-Utah nonbusiness income (line 23 multiplied by line 24) 26. Total non-Utah nonbusiness income net of expenses (subtract line 25 from line 18, enter here and on Schedule A, line 5b) Enter amount of direct expense Enter amount of direct expense Enter amount of direct expense Enter amount of direct expense
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

Total Assets (Column B)

Schedule J - Apportionment Schedule
Corporation Name Taxable Year Ending

(For use with TC-20, TC-20S, TC-20REIT, & TC-20UBI)

TC- 20 J, Rev. 12/01

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 1(a) 1(b) 1(c) 1(d) 1(e) 2

Inside Utah Column A
00 00 00 00 00 00

Inside and Outside Utah Column B
00 00 00 00 00 00 2(a)

2. Total Tangible Property (total 1(a) through 1(e)) (a) Fraction (column (A), line 2 divided by column (B), line 2)

3. Wages, salaries, commissions, and other includable compensation (a) Fraction (column (A), line 3 divided by column (B), line 3)

3

00 3(a) 4(a)

00

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)

00

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) (e)

Rent and royalty income Service income (attach schedule)

5. Total Sales and Services (total 4(a) through 4(e)) (a) Fraction (column (A), line 5 divided by column (B), line 5)

6. Total of lines 2a, 3a, and 5a 7. 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

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

TC-20 M Rev. 12/01

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 15b. 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