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Utah Code Title 59. Revenue and Taxation § 59-10-510. Return of electing small business corporation

Current as of January 01, 2025 | Updated by Findlaw Staff

An electing small business corporation, as defined in Section 1371(a)(2), Internal Revenue Code, shall make a return for each taxable year, stating specifically:

(1) the items of the electing small business corporation's gross income and the deductions allowable by Subtitle A, Internal Revenue Code;

(2) the names and addresses of all persons owning stock in the electing small business corporation at any time during the taxable year;

(3) the number of shares of stock owned by each shareholder at all times during the taxable year to each shareholder;

(4) the date of each distribution to a shareholder; and

(5) other information as the commission may prescribe by:

(a) form; or

(b) administrative rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

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Cite this article: FindLaw.com - Utah Code Title 59. Revenue and Taxation § 59-10-510. Return of electing small business corporation - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-59-revenue-and-taxation/ut-code-sect-59-10-510/

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