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Utah Free Printable 2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback for 2021 Utah Utah Application for Refund from a Corporation Loss Carryback

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Utah Application for Refund from a Corporation Loss Carryback
2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

20898 Utah Application for Refund from a Corporation Loss Carryback TC-20L Rev. 12/10 ___ Mark “X” if a domestic production activities deduction claimed in a carryback loss year 9999 Print Form Clear form • ___ Mark “X” if this is a REIT Loss Carryback Corporation name Mark “X” if this is a new address: Employer Identification Number: Address • ___ Physical address ___________________ City State ZIP Code Foreign country (if not U.S.) Telephone number Utah Incorporation/Qualification Number: • ___ Mailing address ___________________ Loss Carryback 1. Enter the taxable year-end of the loss year (enter as mm/dd/yyyy)............................ • 1 _____ / _____ / _______ 2. Loss from TC-20, Schedule A, or Utah REIT return (enter as a positive value) ......... • 2 _________________ . 00 3. Amount of loss on line 2 exceeding $1,000,000, if any............................................... If line 2 is less than $1,000,000, enter “0” 3 _________________ . 00 • 4 _________________ . 00 5. Enter the 3rd prior taxable year-end (enter as mm/dd/yyyy)....................................... • 5 _____ / _____ / _______ 6. Utah taxable income from 3rd prior taxable year (enter only if gain) .......................... • 6 _________________ . 00 7. Loss carryback amount (enter the lesser of line 4 or line 6) ....................................... • 7 _________________ . 00 4. Loss available for carryback (subtract line 3 from line 2) ............................................ 3rd Prior Taxable Year 8. Adjusted taxable income (subtract line 7 from line 6 – not less than zero) ................. 8 _________________ . 00 9. Tax (multiply line 8 by 5% (.05), or enter minimum tax if greater) ............................... 9 _________________ . 00 10. Tax previously paid for 3rd prior taxable year.............................................................. • 10 _________________ . 00 11. Refund for 3rd prior taxable year (subtract line 9 from line 10)............................... • 11 _________________ . 00 12. Loss remaining (subtract line 7 from line 4) ................................................................ If line 12 is zero, skip lines 13 through 28 and go to line 29. 12 _________________ . 00 2nd Prior Taxable Year 13. Enter the 2nd prior taxable year-end (enter as mm/dd/yyyy)...................................... • 13 _____ / _____ / _______ 14. Utah taxable income from 2nd prior taxable year (enter only if gain) ......................... • 14 _________________ . 00 15. Loss carryback amount (enter the lesser of line 12 or line 14) ................................... • 15 _________________ . 00 16. Adjusted taxable income (subtract line 15 from line 14 – not less than zero) ............. 16 _________________ . 00 17. Tax (multiply line 16 by 5% (.05), or minimum tax if greater) ...................................... 17 _________________ . 00 18. Tax previously paid for 2nd prior taxable year............................................................. • 18 _________________ . 00 19. Refund for 2nd prior taxable year (subtract line 17 from line 18) ............................ • 19 _________________ . 00 20. Loss remaining (subtract line 15 from line 12) ............................................................ If line 20 is zero, skip lines 21 through 28 and go to line 29. Continue on page 2 20 _________________ . 00 20899 TC-20L — continued Page 2 1st Prior Taxable Year 21. Enter the 1st prior taxable year-end (enter as mm/dd/yyyy) ....................................... • 21 _____ / _____ / _______ 22. Utah taxable income from 1st prior taxable year (enter only if gain)........................... • 22 _________________ . 00 23. Loss carryback amount (enter the lesser of line 20 or line 22) ................................... • 23 _________________ . 00 24. Adjusted taxable income (subtract line 23 from line 22 – not less than zero) ............. 24 _________________ . 00 25. Tax (multiply line 24 by 5% (.05), or minimum tax if greater) ...................................... 25 _________________ . 00 26. Tax previously paid for 1st prior taxable year.............................................................. • 26 _________________ . 00 27. Refund for 1st prior taxable year (subtract line 25 from line 26) ............................. • 27 _________________ . 00 28. Loss remaining (subtract line 23 from line 20) ............................................................ 28 _________________ . 00 Carryforward 29. Enter loss exceeding $1,000,000 from line 3, if any ................................................... 29 _________________ . 00 30. Total loss to carryforward (add lines 28 and 29) ......................................................... 30 _________________ . 00 Under penalties of perjury, I declare to the best of my knowledge and belief, this return and accompanying schedules are true, correct and complete. SIGN HERE Signature of officer Preparer’s signature Paid Preparer's Name of preparer’s firm (or yourself, if self-employed) Section Title Date Date Check here if the Tax Commission may discuss this return with the preparer shown below Preparer’s PTIN Preparer’s phone no. Preparer’s EIN Preparer’s complete address (street, city, state, ZIP) USTC USE ONLY IMPORTANT: To protect your privacy, use the "Clear form" button when you are finished. Clear form TC-20L_i 12/10 20800 Instructions for TC-20L General Instructions Form TC-20L is used for calculating a refund due to the carryback of a Utah net loss shown on a corporation return. Form TC-20L must be used instead of filing amended returns for the carryback years. For taxable years beginning on or after Jan. 1, 1994, if an election is made to forego the federal net operating loss carryback and only carry the loss forward, then the Utah net loss may not be carried back unless a separate Utah election is made on form: TC-20, Schedule A, or TC-20MC, Schedule A, Part 2. If no election is made on the loss return, the loss must be carried back in accordance with the following line-by-line instructions. A Utah net loss from a taxable year beginning on or after Jan. 1, 1994, that is carried back, must first be applied to the third prior taxable year’s income. Any loss not entirely used in the third prior taxable year must be carried back to the second prior taxable year. Any loss not entirely used in the second prior taxable year must then be carried back to the first prior taxable year. Any loss remaining at that point may be carried forward to the next fifteen taxable years. The carryback loss is limited to $1,000,000. Any loss in excess of $1,000,000 must be carried forward. Line-by-Line Instructions Domestic Production Activities Deduction If you claimed a deduction for domestic production activities under IRC §199 in a carryback year, enter “X” where indicated. When a federal loss is carried back to a prior year in which an IRC §199 deduction was claimed, the IRC §199 deduction may be reduced or eliminated, depending on the revised amount of federal taxable income for the year to which the loss is carried. In a tax year in which the IRC §199 deduction is reduced or eliminated on the federal return, Utah income will be increased. In such instances, an amended Utah return must be filed to reflect the increase in Utah income and the Utah tax. REIT Loss Carryback If the loss carryback is from a Real Estate Investment Trust (REIT) return, enter “X” where indicated. 1. Taxable Year End of Loss Year Enter the end date for the taxable year of the loss in mm/dd/yyyy format (for example, enter Dec. 31, 2010 as 12/31/2010). 3. Loss Exceeding $1,000,000 The carryback of a Utah net loss is limited to $1,000,000. Enter the loss exceeding $1,000,000. If the loss on line 2 is $1,000,000 or less, enter zero. 4. Loss Available for Carryback Subtract line 3 from line 2. This is the loss allowed as a carryback to the three prior taxable years. Third Prior Taxable Year 5. Taxable Year End of Third Prior Taxable Year Enter the end date for the third prior taxable year to the taxable loss year in mm/dd/yyyy format (for example, enter Dec. 31, 2010 as 12/31/2010). 6. Taxable Income of Third Prior Taxable Year Enter the taxable income from the third prior taxable year as filed, amended or audited. Enter only if the taxable year showed a gain; otherwise, enter zero. 7. Loss Carryback Enter the lesser of line 4 (loss available) or line 6 (taxable income). 8. Adjusted Taxable Income Subtract line 7 (allowable loss carryback) from line 6 (taxable income). Do not enter an amount less than zero. 9. Tax Multiply line 8 (adjusted taxable income) by 5% (.05). Do not enter an amount less than the $100 minimum tax. The minimum tax on a combined return is $100 per corporation shown on Schedule M for the third prior taxable year. 10. Tax on Third Prior Taxable Year Return Enter the tax previously paid on the return for the third prior taxable year as filed, amended or audited. 11. Refund for Third Prior Taxable Year Subtract line 9 (recomputed tax) from line 10 (previous tax). This is the loss carryback refund for the third prior taxable year. 12. Loss Remaining Subtract line 7 (allowable loss carried back to the third prior taxable year) from line 4 (total allowable loss carryback). This is the remaining loss to be carried to the second prior taxable year. Second Prior Taxable Year 2. Loss to be Carried Back Enter the total Utah net loss as a positive number. The loss for a regular corporation is on TC-20, Schedule A; the loss for a Real Estate Investment Trust is on TC-20MC, Schedule A, Part 2. 13. Taxable Year End of Second Prior Taxable Year Enter the end date for the second prior taxable year to the taxable loss year in mm/dd/yyyy format (for example, enter Dec. 31, 2010 as 12/31/2010). 20800 14. Taxable Income of Second Prior Taxable Year 25. Tax Enter the taxable income from the second prior taxable year as filed, amended or audited. Enter only if the year showed a gain; otherwise, enter zero. Multiply line 24 (adjusted taxable income) by 5% (.05). Do not enter an amount less than the $100 minimum tax. The minimum tax on a combined return is $100 per corporation shown on Schedule M for the first prior taxable year. 15. Loss Carryback Enter the lesser of line 12 (loss remaining) or line 14 (taxable income). 26. Tax on First Prior Taxable Year Return Enter the tax previously paid on the return for the first prior taxable year as filed, amended or audited. 16. Adjusted Taxable Income Subtract line 15 (allowable loss carryback) from line 14 (taxable income). Do not enter an amount less than zero. 27. Refund for First Prior Taxable Year Subtract line 25 (recomputed tax) from line 26 (previous tax). This is the loss carryback refund for the first prior taxable year. 17. Tax Multiply line 16 (adjusted taxable income) by 5% (.05). Do not enter an amount less than the $100 minimum tax. The minimum tax on a combined return is $100 per corporation shown on Schedule M for the second prior taxable year. 18. Tax on Second Prior Taxable Year Return Enter the tax previously paid on the return for the second prior taxable year as filed, amended or audited. 19. Refund for Second Prior Taxable Year Subtract line 17 (recomputed tax) from line 18 (previous tax). This is the loss carryback refund for the second prior taxable year. 20. Loss Remaining Subtract line 15 (allowable loss carried back to the second prior taxable year) from line 12 (remaining loss carryback). This is the remaining loss to be carried to the first prior taxable year. First Prior Taxable Year 21. Taxable Year End of First Prior Taxable Year Enter the end date for the first prior taxable year to the taxable loss year in mm/dd/yyyy format (for example, enter Dec. 31, 2010 as 12/31/2010). 28. Loss Remaining Subtract line 23 (allowable loss carried back to the first prior taxable year) from line 20 (remaining loss carryback). This is the remaining loss to be carried forward. Loss Carryforward 29. Loss Exceeding $1,000,000 Enter the original loss shown on line 3 that exceeded $1,000,000. This amount was not allowed to be carried back. 30. Total Loss to Carry Forward Add lines 28 and 29. This is the loss available to be carried forward. Important Note – Nonrefundable Credits If you claimed a nonrefundable credit in any of the three carryback years, the loss carryback may reduce or eliminate the credit. You may be able to carry back or forward the credit to other years. You must amend the applicable return after application of the loss carryback to claim any reduced nonrefundable credit that results from the carryback loss. 22. Taxable Income of First Prior Taxable Year Enter the taxable income from the first prior taxable year as filed, amended or audited. Enter only if the taxable year showed a gain; otherwise, enter zero. 23. Loss Carryback Where to File Utah State Tax Commission 210 N 1950 W Salt Lake City, UT 84134-0300 Enter the lesser of line 20 (loss remaining) or line 22 (taxable income). Do NOT attach this TC-20L to your corporation return. 24. Adjusted Taxable Income Questions Subtract line 23 (allowable loss carryback) from line 22 (taxable income). Do not enter an amount less than zero. Call Taxpayer Services at 801-297-2200, or if outside the Salt Lake area 1-800-662-4335, if you need assistance in completing this form
Extracted from PDF file 2019-utah-form-tc-20l.pdf, last modified November 2008

More about the Utah Form TC-20L Corporate Income Tax

We last updated the Utah Application for Refund from a Corporation Loss Carryback in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Utah State Tax Commission. You can print other Utah tax forms here.


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Other Utah Corporate Income Tax Forms:

TaxFormFinder has an additional 55 Utah income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form TC-51 Nexus Questionnaire
Form TC-20S Utah S Corporation Income Tax Return
Form TC-559 Corporate/Partnership Payment Coupon
Form TC-65 Utah Partnership/Limited Liability Partnership/Limited Liability Company Return
Form TC-549 Fiduciary Income Tax Return Payment Coupon

Download all UT tax forms View all 56 Utah Income Tax Forms


Form Sources:

Utah usually releases forms for the current tax year between January and April. We last updated Utah Form TC-20L from the State Tax Commission in February 2020.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Utah Form TC-20L

We have a total of nine past-year versions of Form TC-20L in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2018 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2017 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2016 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2015 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

Utah Application for Refund from a Corporation Loss Carryback 2014 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

Utah Application for Refund from a Corporation Loss Carryback 2013 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2012 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback

2011 Form TC-20L

2010 TC-20L, Utah Application for Refund from a Corporation Loss Carryback


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