Get Tc-941r

The TC-941R is an essential form for mineral producers to report annual reconciliation of withholding taxes. This guide provides step-by-step instructions to help users efficiently complete the TC-941R online, ensuring accuracy and compliance.

Follow the steps to complete the TC-941R online.

1. Click the ‘Get Form’ button to access the TC-941R form and open it in your preferred editor.
2. Enter your Utah Account ID in the designated field. This identifies your tax account with the Utah State Tax Commission.
3. Provide your Federal Employer Identification Number (EIN) in the appropriate area. This is required for tax reporting purposes.
4. Fill in your name and address as the employer or mineral producer. Ensure that all information is accurate and up to date.
5. Specify the tax period by entering the year in the format ‘yyyy’. This indicates the time frame for which you are reporting withholding taxes.
6. State the due date for the tax form in the format ‘mmddyyyy’. Adhering to deadlines is crucial for compliance.
7. If applicable, check the box for ‘AMENDED’ to indicate any corrections to previously filed reconciliations.
8. Complete line 1 by entering the total number of TC-675Rs issued during the year. This reflects the total forms you distributed.
9. On line 2, report the total Utah distributions recorded on the TC-675Rs. This is the gross payment amount dispensed.
10. Leave line 3 blank as it is for Tax Commission use only.
11. Fill in line 4 with the total Utah income tax withheld as reported on TC-675Rs for the year.
12. On lines 5a through 5d, enter the amounts withheld during each quarter of the year. If you filed annually, report this on line 5d.
13. Add the values from lines 5a to 5d and record the total on line 6.
14. For line 7, subtract line 6 from line 4 and enter that amount. If this does not equal zero, refer to the unbalanced reconciliations guidance.
15. Review the completed form thoroughly to ensure all information is accurate.
16. Finally, save your changes, and if needed, download, print, or share the form as required.

Start completing your TC-941R form online to fulfill your reporting obligations effectively.