Get 2010 Tc-20l, Utah Application For Refund From A Corporation ...

The 2010 TC-20L is the application utilized in Utah to request a refund resulting from a corporation loss carryback. This guide will provide clear, step-by-step instructions on how to fill out the form online effectively.

Follow the steps to complete the TC-20L form online.

1. Press the ‘Get Form’ button to acquire the TC-20L form and access it in the online editor.
2. Begin by marking ‘X’ in the designated box if you claimed a domestic production activities deduction in the carryback loss year.
3. If applicable, indicate with ‘X’ if the loss carryback is from a Real Estate Investment Trust (REIT).
4. Provide the corporation's name and mark ‘X’ if there is a new address. Fill in the Employer Identification Number, physical address, city, state, ZIP code, and telephone number accurately.
5. Enter the taxable year-end of the loss year in mm/dd/yyyy format.
6. Input the loss amount from TC-20, Schedule A, or Utah REIT return as a positive value.
7. If the loss exceeds $1,000,000, enter that amount; otherwise, input ‘0’.
8. Subtract the amount from step 7 from the value in step 6 to find the loss available for carryback.
9. Continue to fill out the sections for the third prior taxable year: enter the year-end date, taxable income if applicable, and calculate the loss carryback amount.
10. Repeat the process for the second and first prior taxable years using the same format and calculations.
11. Lastly, complete the loss carryforward section, summarize any losses exceeding $1,000,000, and determine the total loss available to be carried forward.
12. Before finalizing, ensure the form is signed where indicated, including the signature of the officer or preparer, and input the date.
13. Once all information has been entered correctly, users can save changes, download, print, or share the form as needed.

Start completing your TC-20L form online today to ensure you receive your proper refund.