The Utah TC-41 form is the official document used for filing the Utah Fiduciary Income Tax Return. This form is essential for estates and trusts, as it allows them to report their income and calculate the tax owed to the state of Utah. Understanding its requirements and completing it accurately is crucial to ensure compliance and avoid potential penalties.
To get started on your filing, please fill out the form by clicking the button below.
The Utah TC-41 form is an essential document for fiduciaries managing estates or trusts in Utah. This form is used to report the income, deductions, and tax liabilities associated with the fiduciary income tax return. It is critical for ensuring compliance with state tax laws and accurately calculating the tax owed or any potential refunds. The TC-41 requires detailed information about the estate or trust, including its name, tax identification numbers, and the fiduciary’s contact information. It also includes sections for reporting federal taxable income, various deductions, and credits. Specific codes must be entered to indicate the type of return being filed, such as whether it is for a bankruptcy estate, a decedent estate, or a simple trust. Additionally, the form allows for amendments and adjustments to previous filings, making it a vital tool for maintaining accurate tax records. Given the complexities involved, timely and accurate completion of the TC-41 is crucial for fiduciaries to avoid penalties and ensure proper tax compliance.
(801) 297-2200 or 1-800-662-4335
2007
41071
Utah State Tax Commission
210 N 1950 W, Salt Lake City, Utah 84134
Utah Fiduciary Income Tax Return
TC-41
Get forms online - tax.utah.gov
Rev. 12/07
If fiscal year, enter
Enter "X" if you filed
ending date (mm/yy)
federal form 8886
9999
Enter "X" if
FOR AMENDED RETURN - ENTER CODE (1 - 5)
Final Return
from page 2 of instructions
Full name of the estate or trust
SSN of estate or trust
Name of fiduciary
EIN of estate or trust
Fiduciary's address
EIN or SSN of fiduciary
City
State
Zip code
Foreign country, if not U. S.
1. Enter code for type of return
2. Enter status code
3. Enter "X" if this estate or
A= Bankruptcy estate Ch 7
E= Decedent estate
S= Simple trust
R= Resident
trust has any
B= Bankruptcy estate Ch 11
F= Qualified funeral trust (QFT) T= ESBT
nonresident
N= Nonresident
beneficiaries
C= Complex trust
G= Grantor trust
D= Qualified disability trust
H= Charitable trust
PAPER CLIP FORMS W-2 OR TC-675R HERE
4. Federal taxable income from federal form 1041 line 22 or 1041-QFT line 12 (or Schedule A, line 10)
4
5. Additions to income from Schedule S, Part 1 (page 4)
5
6. Total adjusted income (add lines 4 and 5)
6
7. One-half of federal tax liability on federal return (see page 5)
7
8. Other deductions from Schedule S, Part 2 (page 5)
8
9. Total deductions (add lines 7 and 8)
9
10. Utah taxable income (subtract line 9 from line 6 - if less than zero, enter "0")
10
11. Utah tax (compute from rate schedule on page 17 using the amount on line 10)
11
12. Nonrefundable credits from Schedule S, Part 3 (page 7)
12
13. Subtract line 12 from line 11 (if line 12 is greater than or equal to line 11, enter "0")
13
14. AMENDED RETURNS ONLY (refund received on original return, page 9)
14
15. Utah use tax (see page 9)
15
16. Total tax, additions and use tax (add lines 13, 14 and 15)
16
17. Utah tax withheld (see page 10)
17
18. Credit for Utah income taxes prepaid (from form TC-548) (page 10)
18
19. AMENDED RETURNS ONLY (tax paid on original return, page 10)
19
20. Refundable credits from Schedule S, Part 4 (page 10)
20
21. Total withholdings and credits (add lines 17 through 20)
21
22. Tax Due - if line 16 is greater than line 21, subtract line 21 from line 16.
TAX DUE
22
00
add line 23a
23
23. Penalty and Interest (page 11) 23a.
Total amount due to line 22
24. Refund - if line 21 is greater than line 16, subtract line 16 from line 21.
REFUND
24
Under penalties of perjury, I declare to the best of my knowledge and belief, this return and accompanying schedules are true, correct and complete.
SIGN
Signature of fiduciary or officer representing estate or trust
Date
EIN of administrator of fiduciary
Enter "X" if the Tax Commission may
discuss this return with preparer
HERE
shown below (see page 12)
Preparer' s signature (page 12)
Preparer' s telephone number
Preparer' s Social Security no. or PTIN
Paid
Preparer’s
Firm' s name and address
Preparer' s EIN
Section
Mail this return and any payment due (with TC-549 coupon) to: Utah State Tax Commission, 210 N 1950 W, SLC, UT 84134-0250
41072
Schedule A – Nonresident Estate or Trust (computation of federal taxable income)
To be completed by all nonresident estates or trusts.
1. Total income from federal form 1041 line 9 or 1041-QFT line 5
2. Ordinary income derived from Utah sources (attach schedule - page 13)
2
3. Utah capital gain or (loss) from Utah sources (attach schedule – page 13)
3
4.Total income derived from Utah sources (add lines 2 and 3)
5.Percent of total federal income derived from Utah sources (line 4 divided by line 1 - not greater than 100%)
6.Deductions from federal form 1041or 1041-QFT directly allocable to Utah income (page 13)
7. Deductions from federal form 1041 or 1041-QFT not allocable to any specific income (page 13) 7
8.Allocable amount (line 7 multiplied by line 5)
9.Total deductions allocable to Utah income (add lines 6 and 8)
10. Federal taxable income derived from Utah sources (line 4 less line 9). Enter here and on line 4 on front of form
1
%
Schedule S - Supplemental Schedule
PART 1: ADDITIONS TO INCOME (see codes and descriptions on page 4)
PART 2: OTHER DEDUCTIONS (see codes and descriptions on page 5)
Code
Amount
Total additions to income
Total other deductions
(enter total on page 1, line 5)
(enter total on page 1, line 8)
If deducting Native American Income (code 77), write the
enrollment number and tribe code.
Tribe code
Enrollment
number
PART 3: NONREFUNDABLE CREDITS (see codes and descriptions on page 7)
PART 4: REFUNDABLE CREDITS (see codes and descriptions on page 10)
Total nonrefundable credits
Total refundable credits
(enter total on page 1, line12)
(enter total on page 1, line 20)
If claiming the Qualified Sheltered Workshop cash contribution
If claiming the Nonresident Shareholder' s WithholdingTax
credit (code 02), write the Qualified Sheltered Workshop name.
Credit (code 43), write the S corporation federal ID number.
Name
FEIN
PART 5: Credit for fiduciary income tax paid to another state (page 8). Enter code 17 and amount from line 7 below on Part 3, Nonrefundable Credits above. Complete a separate Part 5 for each state for which you are claiming a credit.
1. Total income taxed in state of:
2. Total income from federal form 1041 line 9 or 1041-QFT line 5
3. Percent other state income bears to total income (line 1 divided by line 2 - not greater than 100%)
4. Utah fiduciary tax as computed on line 11 on front of form
5. Credit limitation (line 4 multiplied by percent on line 3)
6. Fiduciary tax paid to state listed on line 1
7. Credit for fiduciary taxes paid to other state (line 5 or 6, whichever is less) Enter code 17 and credit on Sch. S, Part 3 above.
Utah State Tax Form for Employees - Whether you're a full-year resident or not, the TC-40 form accommodates your filing status with a simple yes or no question.
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