Business Status With Irs In Utah

State:
Multi-State
Control #:
US-0046-CR
Format:
Word; 
Rich Text
Instant download

Description

The Resolution form is essential for corporations in Utah wishing to elect S Corporation status with the IRS. This form allows the corporation's officers to take necessary actions and execute documents to ensure compliance with both federal and state tax codes. One of the key features of the form includes authorization for officers to submit required election documents to the IRS and the state taxing authority. Filling out this form requires clear indication of the corporation's intent, and must be adopted in a meeting by the Board of Directors. The form's utility is paramount for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured method to formalize the election process while reducing compliance risks. Proper completion demonstrates due diligence and offers protection to shareholders by ensuring clarity in corporate structure and tax obligations. Additionally, this form helps streamline processes, making it easier to maintain good standing with tax authorities in Utah.
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  • Preview Obtain S Corporation Status - Corporate Resolutions Forms
  • Preview Obtain S Corporation Status - Corporate Resolutions Forms

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FAQ

A good rule of thumb: Call as early in the morning as possible. Phones are open from 7 a.m. to 7 p.m. (your local time) Monday to Friday, except: Residents of Hawaii and Alaska should follow Pacific time.

To perform a Utah LLC lookup, visit the official website of the Utah Division of Corporations and Commercial Code. Navigate to the LLC lookup section, enter the LLC name or business ID, and review the search results for status and registration details.

Or speak with a representative by phone or in person. Visit the IRS contact page to get help using online tools and resources. Or: For individual tax returns, call 1-800-829-1040, 7 AM - 7 PM Monday through Friday local time.

You only need to file your personal tax return (Federal Form 1040 and Utah Form TC-40) and include your LLC profits on the return. Multi-Member LLC taxed as a Partnership: Yes. Your LLC must file an IRS Form 1065 and a Utah Partnership Return (Form TC-65).

If your address has changed, please call 1-800-829-8374 or visit .irs . Please check here if you've included any correspondence. Write your Social Security number , the tax year (2011), and the form number (5329) on any correspondence.

Contact an IRS customer service representative to correct any agency errors by calling 800-829-1040 (see telephone assistance for hours of operation).

How to Apply? Method 1: Apply Online. Online is preferred as it is the fastest method to receive your EIN. Method 2: Apply by Fax. Taxpayers can also complete Form SS-4 and send it to the IRS fax number listed below for Utah businesses. Method 3: Apply by Mail. Method 4: Apply by telephone- International Applicants.

Every C corporation incorporated in Utah (domestic), qualified in Utah (foreign), or doing business in Utah, whether qualified or not, must file a corporate franchise tax return. C corpora- tion returns are filed on form TC-20.

How to Apply? Method 1: Apply Online. Online is preferred as it is the fastest method to receive your EIN. Method 2: Apply by Fax. Taxpayers can also complete Form SS-4 and send it to the IRS fax number listed below for Utah businesses. Method 3: Apply by Mail. Method 4: Apply by telephone- International Applicants.

LLCs in Utah are subject to several taxes, depending on their activities and structure: State Income Tax: LLCs are generally treated as pass-through entities, so income is reported on the members' personal tax returns. The individual income tax rate ranges from 4.65% to 5.35%.

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Business Status With Irs In Utah