Utah Tc 41 Form PDF Details

Navigating the complexities of fiduciary income tax returns in Utah requires careful attention to detail and an understanding of specific state requirements, as outlined by the Utah TC-41 form. This form serves as a key document for estates, trusts, and their fiduciaries, mandatory for reporting income, deductions, and taxes due to the state. Revised in December 2007 and provided by the Utah State Tax Commission, the Utah Fiduciary Income Tax Return, or TC-41, must be completed by entities holding fiduciary responsibility, including estates under bankruptcy, simple and complex trusts, grantor trusts, and more. The form not only captures basic identification information but also details the income, adjustments, and credits relevant to the fiduciary entity. A notable feature of the TC-41 form is its accommodation of various statuses, such as nonresident beneficiaries and amended returns, requiring specific codes and detailed financial information that aligns with federal tax obligations. Additionally, the form provides sections for calculating deductions allocable to Utah income and illustrates the methodology for nonresident estates or trusts, ensuring accurate state tax liability is reported. The preparation of the TC-41 involves a meticulous process of aligning federal taxable income with state-specific additions and deductions, thereby determining the actual Utah taxable income and applicable taxes, adjusted by allowable credits and payments. By fulfilling the requirements of the TC-41, fiduciaries ensure compliance with Utah state tax laws, avoiding potential penalties and interest for late or incorrect filings.

QuestionAnswer
Form NameUtah Tc 41 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namestc 41 utah tc 41 payment voucher form

Form Preview Example

 

 

 

 

 

 

 

 

 

(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

 

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

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)

Date

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

00

00

4

5

6

00

8

9

10

00

00

%

00

00

00

00

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

Code

Amount

 

00

 

00

 

00

 

00

 

00

 

00

 

00

 

00

Total additions to income

 

00

Total other deductions

 

 

00

 

(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)

Code

Amount

Code

Amount

 

00

 

00

 

00

 

00

 

00

 

00

 

00

 

00

Total nonrefundable credits

 

00

 

Total refundable credits

 

 

00

(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:

 

 

1

 

2. Total income from federal form 1041 line 9 or 1041-QFT line 5

2

3. Percent other state income bears to total income (line 1 divided by line 2 - not greater than 100%)

3

4. Utah fiduciary tax as computed on line 11 on front of form

4

5. Credit limitation (line 4 multiplied by percent on line 3)

5

6. Fiduciary tax paid to state listed on line 1

6

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.

7

00

00

%

00

00

00

00

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1. Begin filling out your Utah Tc 41 Form with a group of necessary blanks. Gather all of the information you need and make sure nothing is neglected!

Filling in part 1 in Utah Tc 41 Form

2. Right after performing the last section, go on to the subsequent part and fill in the necessary details in these blank fields - E R E H R C T R O W S M R O, Nonrefundable credits from, Subtract line from line if line, AMENDED RETURNS ONLY refund, Utah use tax see page, Total tax additions and use tax, Utah tax withheld see page, Credit for Utah income taxes, AMENDED RETURNS ONLY tax paid on, Refundable credits from Schedule, Total withholdings and credits, Tax Due, if line is greater than line, TAX DUE, and Penalty and Interest page.

Stage number 2 for filling out Utah Tc 41 Form

3. The next section should also be relatively easy, Schedule A Nonresident Estate or, To be completed by all nonresident, Total income from federal form, Ordinary income derived from Utah, Utah capital gain or loss from, Total income derived from Utah, Percent of total federal income, Deductions from federal form or, Deductions from federal form or, Allocable amount line multiplied, Total deductions allocable to, Federal taxable income derived, Schedule S Supplemental Schedule, PART OTHER DEDUCTIONS see codes, and Code - each one of these form fields will have to be filled out here.

Step number 3 of filling out Utah Tc 41 Form

4. The subsequent section will require your details in the subsequent areas: Total additions to income enter, Total other deductions enter total, If deducting Native American, Tribe code, Enrollment number, PART NONREFUNDABLE CREDITS see, PART REFUNDABLE CREDITS see codes, Code, Amount, Code, Amount, Total nonrefundable credits enter, Total refundable credits enter, If claiming the Qualified, and If claiming the Nonresident. Make certain to fill in all of the requested information to go further.

Utah Tc 41 Form conclusion process detailed (step 4)

People frequently make mistakes while filling out PART NONREFUNDABLE CREDITS see in this section. Don't forget to review what you type in right here.

5. To conclude your document, the final part includes a couple of additional blanks. Completing Total income taxed in state of, Total income from federal form, Percent other state income bears, Utah fiduciary tax as computed on, Credit limitation line, Fiduciary tax paid to state, and Credit for fiduciary taxes paid will certainly finalize the process and you'll surely be done in an instant!

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