How To Register For A Utah Seller’s Permit
You can register for a Utah sellers permit online through the Utah State Tax Commission. To apply, youll need to provide the Tax Commission with certain information about your business, including but not limited to:
- Business name, address, and contact information
- Federal EIN number
- Date business activities began or will begin
- Projected monthly sales
- Products to be sold
Utah Filing Due Date: Ut Individual Income Tax Returns Are Due By April 15 In Most Years Or By The 15th Day Of The 4th Month Following The End Of The Taxable Year
Extended Deadline with Utah Tax Extension: Utah offers a 6-month extension, which moves the individual filing deadline from April 15 to October 15 .
Utah Tax Extension Form: The Utah tax extension is automatic. That means there is no official application or written request to submit as long as you owe zero state tax. Utahs extension form, Form TC-546, should only be used if you need to make an extension payment for your Utah income tax. Do not use Form TC-546 if you have no Utah tax liability or if youre due a Utah tax refund.
Utah Extension Payment Requirement: A tax extension gives you extra time to file. It does not give you more time to pay your Utah income tax. All state tax payments are due by the original deadline of the return . Any UT tax that hasnt been paid by the proper due date will be subject to interest and penalties. To obtain a Utah extension, you must fulfill one of the following prepayment requirements :
Pay 90% of your current Utah tax balance, or Pay 100% of your Utah tax liability for the previous year
You can make a Utah extension payment with Form TC-546, or pay electronically through Utahs Taxpayer Access Point : tap.tax.utah.gov/TaxExpress
Register With The Utah State Tax Commission
Apart from your EIN, you also need to establish a Utah withholding tax account with the Utah State Tax Commission. You set up your account by registering your business with the USTC either online or on paper. To register online, go to the OneStop Online Business Registration website. To register on paper, use Form TC-69, Utah State Business and Tax Registration. You can download forms from the Forms & Publications section of the USTC website. You can submit Form TC-60 by regular mail or by fax. There is no fee to register your business with the USTC as an employer.
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Complete An Annual Reconciliation
After the end of the year, you must file an annual reconciliation with the USTC that summarizes the employee taxes you’ve withheld during the year. The annual reconciliation is in addition to providing each of your employees with a federal form W-2 summarizing the employee’s withholding for the year. You can file electronically or on paper. Large employers are required to file electronically. To file electronically, use the TAP website. To file on paper, use Form TC-941R, Utah Annual Withholding Reconciliation. If filing on paper, you should attach copies of the federal W-2s sent to all of your employees working in Utah to the reconciliation form and submit by mail.
Annual reconciliations filed electronically are due by March 31. Annual reconciliations filed by mail are due by the last day of February.
Filing And Payment Deadline
For 2019 state taxes, the state has extended the filing and payment deadline. Utah residents now have until July 15, 2020, to file their state returns and pay any state tax they owe for 2019. As with the federal deadline extension, Utah wont charge interest on unpaid balances between April 15 and July 15, 2020.
While this year is a bit different, generally your Utah tax return is due on April 15, the same say as the deadline for federal returns. If that deadline falls on a holiday or weekend, it will be extended to the next business day.
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Utah State Income Taxes
The state of Utah imposes a filing deadline of April 15th for your income taxes, which is easy to remember since your federal return is due then too. This page: Lists basic Utah state tax information Links to the major Utah income tax forms Shows you how you can save time and money by e-filing
File Your Federal & State Taxes With 1 Click
If you use TurboTax to file your federal tax forms, you can also file your local and state taxes at the same time by simply transferring all the information you already submitted to the IRS.TurboTax helps you take advantage of all possible credits and deductions that you might otherwise miss, thus ensuring the largest possible refund. You’ll save time, avoid costly errors, and get your your state refund much faster than if you mail a paper return.
How Do I Track My Utah Tax Refund
To track the status of your Utah TC-40 income tax refund online, visit the Utah State Tax Commission website and use their Where’s My Refund service. Utah State Tax Commission states that filing electronically can take up to 60 days to process your income tax return. If you file a paper income tax return, it can take up to 90 days to process.
To track the status of your Utah income tax refund for 2021 you will need the following information:
- Social Security Number or ITIN
- Refund Amount
The requested information must match what was submitted on your 2021 Utah Form TC-40. The Utah State Tax Commission refund lookup service can only be used to query the current income tax year 2021. Contact the Utah State Tax Commission service center by phone or mail if you are having trouble using the service or need to discuss a prior year income tax return.
To contact the Utah State Tax Commission service center by phone or email, use the check your refund status link above. Alternatively, read or print the 2021 Utah Form TC-40 instructions to obtain the proper phone number and mailing address.
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Utah State Taxes At A Glance:
Tax Rate Range: Low – 2.3% High – 7.0%Income Brackets*: Lowest – $863 Highest – $4,313Number of Brackets: 6Personal Exemptions: Single – $2,475 Married – $4,950 Dependents – $2,475Standard Deduction: Single – Federal Amount Medical/Dental Deduction: Federal amountFederal Income Tax Deduction: 50% of federal taxes*Note the income brackets are for single filers. Married filers get taxed more but on half the income.
Information On Filing Utah Taxes
With annual tax revenue close to $6 billion, Utah is close to the nation’s median range. The state’s income tax rate is 5%. This is slightly below the national average. Any partial-year resident, resident or nonresident earning income in UT must file an annual Utah income tax return.
Tax forms must be e-filed or postmarked by April 15, the same filing deadline as federal income tax. For extended returns, the deadline is October 15.
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Filing When There Are No Sales
Once you have a Utah seller’s permit, youre required to file returns at the completion of each assigned collection period regardless of whether any sales tax was collected. When no sales tax was collected, you must file a “zero return.
Failure to submit a zero return can result in penalties and interest charges.
File Scheduled Withholding Tax Returns
Apart from making scheduled tax payments, businesses also must file withholding tax returns. The returns reconcile the tax paid for the quarter with the tax withheld for the quarter. You can file returns online or by regular mail. To file online, use the TAP website. To file on paper, use Form TC-941. You can download blank forms download from the Forms & Publications section of the USTC website.
Quarterly returns are due on or before the last day of the month following the close of the quarter:
- first quarter is due April 30
- second quarter is due July 31
- third quarter is due October 31, and
- fourth quarter is due January 31.
You must file returns even if you have not withheld any taxes. In those cases, the return should show zeroes.
As with tax payments, if a return due date falls on a Saturday, Sunday, or holiday, the due date is extended to the next business day.
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Make Scheduled Withholding Tax Payments
In Utah, there are three possible payment schedules for withholding taxes: monthly, quarterly, or annually. The annual payment schedule only applies in special cases of household employees. Your payment schedule ultimately will depend on the average amount you hold from employee wages over time. The more you withhold, the more frequently you’ll need to make withholding tax payments.
The exact threshold dollar amounts for the different payment schedules, as well as other rules, may change over time so you should check with the USTC at least once a year for the latest information.
Here are the due dates for payments:
- Monthly: Payments are due by the last day of the month following the month in which the tax was withheld.
- Quarterly: Payments are due by the last day of the month following the end of the quarter.
- Annually: Payment is due by January 31st.
If the payment is due on a Saturday, Sunday, or holiday, the due date is extended to the next business day.
About 30 days after you’ve registered with the USTC, you’ll be sent a withholding packet. You’ll also be sent a new packet each subsequent year. The packet contains the forms you’ll need to pay taxes and file returns. Depending on your paying frequency, your packet will contain the following forms:
Acceptance Of Uniform Sales Tax Certificates In Utah
Utah is a member of the Streamlined Sales and Use Tax Agreement, an interstate consortium with the goal of making compliance with sales taxes as simple as possible in member states.
Because Utah is a member of this agreement, buyers can usethe Multistate Tax Commission Uniform Sales Tax Certificate when making qualifying sales-tax-exempt purchases from vendors in Utah.
Simplify Utah sales tax compliance! We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process.
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Where Do I Send My Utah State Taxes Whats The Address Do I Need To Include Anything With Them
The mailing address for Utah tax returns depends on whether or not you are submitting a payment with your return.
Mail your Utah return to one of the following addresses:
ALL RETURNS WITH PAYMENTS
Salt Lake City, UT 84134-0266
ALL OTHER RETURNS
Utah State Tax Commission
210 N 1950 W
Salt Lake City, UT 84134-0260
If you have e-filed your Utah return you usually do not need to mail anything to the state. If you owe taxes you can mail your check and payment coupon to the address above for returns with payments.
How Can I File A Utah State Tax Return
Theeasiest and fastest way to file your Utah state tax is to do it electronically.The Utah State Tax Commission hosts a website TAP where you can fileyour return and make any payments online. If you earn $66,000 or less, you canprepare and file your Utah state tax return for free through the Utah TaxHelp portal.And if you make less than $56,000,you may also qualify for free online or in-person tax preparationassistance.
You can also e-file your federal and Utah state tax returns via free ®, which is among software providers listed on the state commission site. If you use another vendor, check for any fees and other charges.
Ifyou prefer the comfortable feel of pen and paper, you can file your tax returnby mail. Youll need to download and print Form TC-40 and other tax forms. Alternatively, to request paper copies tobe mailed to you, email the Utah State Tax Commission at taxf[email protected] orcall 1-801-297-6700 or 1-800-662-4335 ext.6700 .
Mail your state return to the Utah State Tax Commission at one of these addresses.
If you need to send a tax payment and want to send your return by U.S. mail:
210 N. 1950 West, Salt Lake City, UT 84134-0266
If you expect a refund or dont need to include a payment, and want to send your return by U.S. mail:
210 N. 1950 West, Salt Lake City, UT 84134-0260
If you want to send your return by express mail, FedEx, UPS or another company:
210 N. 1950 West, Salt Lake City, UT 84116
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Failure To Collect Utah Sales Tax
If you meet the criteria for collecting sales tax and choose not to, youll be held responsible for the tax due, plus applicable penalties and interest.
Its extremely important to set up tax collection at the point of sale its near impossible to collect sales tax from customers after a transaction is complete.
Please Read This Is Important
Do not invest with my529 until you read the Program Description.
If you are going to invest your money in a my529 account, we encourage you to learn how our college savings plan works. The Program Description explains the investment options, rules on contributions and withdrawals, tax benefits, fees, and risks. Your investment could lose value. Except for the FDIC-insured option, my529 investments arent guaranteed.So take a look.
The term my529 is a registered service mark.
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Do You Enjoy Hiking In The Wasatch Range Taking In The Sights Of Salt Lake City Or Studying At One Of Utahs Many Public Universities And Colleges
Ifyou do, show some love for Utah taxpayers, whose state income taxes helpsupport those activities.
But how do you pay your Utah state tax? The Beehive State has an easy-to-calculate flat tax rate and numerous tax credits and deductions that you might be able to qualify for. Here are things to help get the job done so you can get back to enjoying all that Utah has to offer.
When You Need To Collect Utah Sales Tax
In Utah, sales tax is levied on the sale of tangible goods and some services. The tax is collected by the seller and remitted to state tax authorities. The seller acts as a de facto collector.
To help you determine whether you need to collect sales tax in Utah, start by answering these three questions:
If the answer to all three questions is yes, youre required to register with the state tax authority, collect the correct amount of sales tax per sale, file returns, and remit to the state.
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Send Your Utah Tax Refund To A My529 Account
529 plans are known for their tax benefits. Utah taxpayers can take advantage of yet another tax-related benefit by contributing all or part of their 2018 Utah state income tax refund directly into their my529 accounts.
On Utah tax form TC-40, enter the amount of the refund you want to go to your my529 account.
If you own more than one account, the tax refund contribution will be distributed equally among all individual accounts. Married couples who file jointly will have their contribution allocated equally among all individual accounts.
Tax refunds will be contributed only to individual accounts, not to institutional or UGMA/UTMA accounts.
As an added bonus: The amount you contribute from your tax refund is eligible toward a 5 percent tax credit applied to the tax year you contribute to the account.
Filing Your Utah State Income Tax Return
In Utah, you must use the same filing status on your Utah return as used on your federal return. Only in extreme situations are there exceptions to this rule.Likewise, if you itemize on your federal return, you must itemize on your statereturn. The same restriction applies if you use the standard deduction.For a full listing of Utah tax credits and deductions, consult the Utah tax instruction booklet. Credits are detailed on pages 10-13 and deductions on pages 6-9.A list of the more common allowable Utah state income tax credits and deductions are listed below.Deductions: one half the federal tax retirement income exemption/deduction income tax paid to another state clean fuel vehicle historical preservation low income housingAs a resident of Utah, any income, including out of state retirement income is taxable. However, you may be eligible for a retirement income deduction of up to $7,500 if you are over the age of 65. For more about this deduction, read the Utah insurance booklet.Also, capital gains are taxed at the same rate as the rest of your retirement income.As a nonresident of Utah, you may still need to file a Utah state income tax return. If you earn any income from Utah during the tax year and are required to file a federal return, you must also file a Utah state income tax return.
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Sourcing Sales Tax In Utah: Which Rate To Collect
In some states, sales tax rates, rules, and regulations are based on the location of the seller and the origin of the sale . In others, sales tax is based on the location of the buyer and the destination of the sale .
Utah is an origin-based state. This means youre responsible for applying the sales tax rate determined by the ship-from address on all taxable sales. Event sales are taxed based on the location of the event.
For more information, see Publication 25.
Have New Employees Complete A Federal Tax Form
All new employees for your business must complete a federal Form W-4. Unlike many other states, Utah does not have a separate state equivalent to Form W-4, but instead relies on the federal form. You can download blank Forms W-4 from irs.gov. Clearly label W-4s used for state tax withholding as your state withholding form. You should keep the completed forms on file at your business and update them as necessary.
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