Tc 941R Form PDF Details

Navigating through tax obligations can often seem daunting, especially for those involved in specific industries such as mineral production in Utah. The TC-941R form serves as a critical document for mineral producers within the state, facilitating the annual reconciliation of mineral production withholding taxes. Required to be filed by entities that have a Utah mineral production withholding tax account, this form ensures that the total tax withheld as reported throughout the year aligns with the amounts distributed and reported on TC-675Rs forms. Filing this form accurately and timely—by the end of February for paper filings or the end of March for electronic filings—is essential to avoid potential penalties of up to $1,000 for non-compliance or inaccuracies. Additionally, in the event that discrepancies arise between the withheld amounts and those reported, the form provides a mechanism for amendment, allowing producers to correct such errors. The state encourages electronic filing and provides resources and guidelines through its official website, enhancing the accessibility and convenience of fulfilling this tax obligation. By complying with these requirements, mineral producers can ensure they remain in good standing and avoid complications with the Utah State Tax Commission.

QuestionAnswer
Form NameTc 941R Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names941r form, utah annual withholding reconciliation, utah tc 675rs, utah tax production

Form Preview Example

94182

9998

Name and address

Utah State Tax Commission

TC-941R

Utah Annual Mineral Production

Withholding Reconciliation

Rev. 10/15

 

 

 

 

 

Utah Account ID

 

Check here to close

 

 

your account.

 

 

 

Federal EIN

 

 

 

 

 

Tax Period (yyyy)

 

 

 

 

 

Due Date (mmddyyyy)

 

 

 

 

1.Total number of TC-675Rs issued

2.Total Utah distributions reported on TC-675Rs

3.Tax Commission use only

4.Total Utah income tax withheld on TC-675Rs

5.Utah tax withheld as reported on TC-941 return(s)

Jan - Mar

5a

 

 

.

 

 

Jul - Sep

Apr - Jun

5b

 

 

 

 

Oct - Dec

 

.

 

 

 

 

 

 

 

6.Add lines 5a through 5d and enter the total here

7.Subtract line 6 from line 4 and enter amount here (see instructions)

1

2

3

4

5c

5d

6

7

Check if AMENDED

(replacement, not net difference)

.

.

.

.

.

.

.

File online at taxexpress.utah.gov.

Under penalties provided by law, I declare to the best of my knowledge this return is true and correct.

SignatureDatePhone

X

USTC use only

USTC use only (box no.)

Return ENTIRE form, coupon and payment to the Utah State Tax Commission

TC-941RPC Rev. 6/15

Payment Coupon for Mineral Production Withholding Reconciliation, TC-941RPC

Tax Type

 

Utah Account ID

 

 

Payment Period Ending (mmddyyyy)

 

 

Payment Due Date (mmddyyyy)

Withholding

 

 

 

 

 

 

 

 

Account name: _______________________________________________

Amount Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

W

T

R

Do not send cash. Do not staple check to this coupon. Detach any check stub.

UTAH STATE TAX COMMISSION 210 N 1950 W

SLC UT 84134-0600

TC-941R_i

90000

Employers must file their Annual Reconciliation electronically.

See Online Filing and Paying of Withholding and Mineral Production Taxes at tax.utah.gov/developers/withholding.

Only Mineral Producers may use this form.

Instructions for TC-941R

You must file this form annually to balance mineral produc- tion withholding tax returns, payments and any TC-675Rs you issued for the year.

You must file a reconciliation if you had a Utah mineral production withholding tax account for any part of the year, even if you did not withhold any Utah taxes or issue any TC-675Rs.

When to File

On or before February 28, if filing on paper

On or before March 31, if filing electronically

What to File

Form TC-941R (not Federal form W-3)

All TC-675Rs with Utah Gross Payments

Note: Utah mineral producers who are also employers must file two reconciliations, one for their W-2s and 1099Rs and one for their TC-675Rs. The reconciliation for the W-2s and 1099Rs must be filed electronically. See Pub 14, Withholding Tax Guide.

How to File

Mineral producers with 250 or more TC-675Rs must file their reconciliations electronically. See Online Filing and Paying of Withholding and Mineral Production Taxes at tax.utah.gov/developers/withholding. We encourage others to file electronically.

File and pay online at: taxexpress.utah.gov

File and pay by mail at:

Utah State Tax Commission

210 N 1950 W

Salt Lake City UT 84134-0600

Line Instructions

Line 1 Enter the total number of TC-675Rs you issued for the year.

Line 2 Enter the total amount of all gross payments issued for the year (TC-675R, Box 5).

Line 3 Tax Commission use only. Leave this line blank.

Line 4 Enter the total amount of Utah mineral production withholding tax shown on TC-675Rs for the year.

Lines 5a-5d Enter the amounts from each quarterly return (TC-941, line 3) submitted for the year. If you file annually, report your annual amount on line 5d.

Line 6 Enter the total of lines 5a through 5d.

Line 7 Subtract line 6 from line 4. If line 7 is not zero, see Unbalanced Reconciliations, below.

Failure to File

We may assess a penalty of up to $1,000 if you do not file the reconciliation or if it is incomplete.

Unbalanced Reconciliations

Your reconciliation is not balanced if the Utah mineral production tax withheld on forms TC- 675R does not match the tax you reported on your quarterly or annual withholding return(s). See the Balancing Your Reconciliation section at tax.utah.gov/utah-taxes/mineral-production for methods to balance the reconciliation.

Amended Reconciliation, TC-941R

You must amend your reconciliation if you amend a quarterly or annual mineral production withholding tax return after you have already filed your reconciliation, or if you need to make corrections to a previously filed reconciliation.

To amend a reconciliation online or by paper, file a new TC-941R with the corrected figures. Be sure to check the Amended box. Include copies of any new or corrected TC-675Rs issued.

If line 7 of your amended reconciliation is not zero, see Unbalanced Reconciliations, above.

More Information

Pub 14, Utah Withholding Tax Guide

Online Filing and Paying of Withholding and Mineral Production Taxes at tax.utah.gov/developers/withholding

tax.utah.gov/utah-taxes/mineral-production

Account Changes

To make changes or to close your account, get form TC-69C, Notice of Change for a Tax Account, at tax.utah.gov/forms, or by calling 801-297-6700 or 1-800-662-4335 ext. 6700.

How to Edit Tc 941R Form Online for Free

Should you would like to fill out utah tc 675rs, you won't need to download and install any kind of applications - just try using our PDF tool. FormsPal team is constantly working to develop the tool and make it much faster for users with its cutting-edge functions. Bring your experience one step further with continuously improving and fantastic possibilities we provide! With a few easy steps, you can begin your PDF editing:

Step 1: First, open the tool by clicking the "Get Form Button" above on this page.

Step 2: The tool enables you to modify your PDF document in a range of ways. Change it with personalized text, adjust original content, and put in a signature - all when it's needed!

Filling out this form requires attentiveness. Make sure that all required blank fields are completed accurately.

1. Fill out the utah tc 675rs with a selection of essential fields. Get all of the necessary information and make sure nothing is overlooked!

Writing part 1 of 941r form

2. After the previous section is done, it's time to put in the required particulars in Add lines a through d and enter, Subtract line from line and, File online at taxexpressutahgov, Under penalties provided by law I, Signature, Date, Phone, cid, USTC use only, cid USTC use only box no, Return ENTIRE form coupon and, TCRPC Rev, Tax Type, Withholding, and Payment Coupon for Mineral so you're able to progress further.

Signature, Withholding, and USTC use only of 941r form

Be very careful when filling out Signature and Withholding, since this is the part where many people make mistakes.

Step 3: Be certain that your information is accurate and click on "Done" to conclude the process. Create a free trial option with us and get direct access to utah tc 675rs - accessible in your FormsPal account. FormsPal guarantees safe document editor with no data recording or any type of sharing. Feel at ease knowing that your data is secure here!