Business Status With Irs In Utah

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

Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
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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%.

More info

Below is an instructional video on completing and submitting the Utah State Business and Tax Registration (TC-69) online through Taxpayer Access Point. Form 2553 should be filed with the Internal Revenue Service Center where the S corporation will file its income tax return.The return can be filed electronically through a joint program between the Utah State Tax Commission and the IRS. To give your business S Corp tax status, you complete Form 2553 with the Internal Revenue Service (IRS). The third form you will need to fill out is a 2553 form. This is how you elect to receive S corporation treatment. If the business is located in the United States mail to: Department of the Treasury Internal Revenue Service Ogden, UT 842010007. The IRS asks that you send a letter, on company letterhead (if available) providing the name and Social Security Number of the owner(s) of the LLC. Utah state filing information for tax-exempt organizations. Federal tax filing is always free.

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Business Status With Irs In Utah