UT Publication 17 2012 free printable template

Tax. utah. gov Publication 17 Revised 3/12 Waivers Reasonable Cause Utah State Tax Commission 210 North 1950 West Salt Lake City Utah 84134 801-297-6299 1-800-662-4335 ext. 6299 Fax 801-297-6358 General Information The Tax Commission may waive or reduce penalties or interest for reasonable cause. See Utah Code 59-1-401 13 and Tax Commission Rule R861-1A-42. You may request a waiver online or by ling a written application with supporting documentation* You must show a good reason why the Tax...

How to fill out UT Publication 17

How to fill out UT Publication 17

1. Obtain UT Publication 17 from the official website or your local tax office.
2. Gather all necessary documents, such as tax forms, income statements, and deduction records.
3. Read the introduction of the publication for an overview of what it covers.
4. Follow the specific sections step by step, ensuring you fill in the required information accurately.
5. Use the checklists provided in the publication to ensure you have completed all necessary sections.
6. Review your entries for any mistakes or missing information.
7. Submit the completed form according to the guidelines provided in the publication.

Who needs UT Publication 17?

1. Individuals who are required to file tax returns.
2. Tax professionals who assist clients with tax preparations.
3. Anyone seeking information on tax guidelines and regulations.

Instructions and Help about UT Publication 17

— Hey everybody, Connor Back with Liberal Institute here. I wanted to give you an update on the issue of the Amazon sales tax collection. Now, for a while Utah law has been that any time you buy something online you have to pay the sales and use tax. Of course, very few people do and so the legislature for a while has tried to require and collect this tax, but that's unconstitutional. It's a Federal issue because Amazon and other companies like it do not have what's called a Nexus or a presence inside Utah. They're an out-of-state company, and so they're not subject to Utah law in terms of having to collect the tax at all. And so what's happened now is that Governor Herbert's administration has made some sort of deal with Amazon, whereby on January 1st they began collecting sales tax that they're not legally or constitutionally required to. You've seen the story, you've seen all the press, you're probably paying the tax like I am now and that's a big deal for a lot of people because even though we're supposed to have been paying the tax because no one did and there was no enforcement, it's effectively a new tax. People are seeing even more money go to the state now and the state isn't making it revenue neutral. In the state's mind, this is entirely new revenue. So we filed what's called a DRAMA Request, or an Open Records Request, trying to get the agreement that was made between the tax commission and Amazon, trying to figure out what was given to Amazon. Why would they do this if they're not required to? Clearly something was done to incentivize them to do this. So we want to figure out what that is. Maybe it's a small thing, maybe it's a big thing. We don't know. But we have the right to know. You have the right to know. So we filed the request and were denied, and we were denied on the basis of the agreement between Amazon and the tax commission containing either trade secrets, which is highly unlikely if we're just talking about collecting and remitting a tax, or if release of the document would put Amazon at a competitive disadvantage, which is also a specious argument, so we appealed and were denied again. So what now? I'm excited to announce that today we filed an appeal of that second denial, and we're going to go now to the State Records Committee which is very pro transparency, a committee primarily of citizens that are gonna review what our attorneys are preparing, which is a very strong argument. There clearly is a public interest in this, especially given the overwhelming media coverage that we've received. The Standard-Examiner and The Salt Lake Tribune have both editorialized on this issue in our favor now, in your favor, the taxpayer's favor. And so we're interested in seeing this all the way through. We believe we have a very strong legal case. We believe the Tax Commission and Herbert's administration has a very weak position in this. So we're going to see this through. Maybe we'll have to pay thousands of dollars and compete...

People Also Ask about

How does Utah state income tax work?

How does Utah's tax code compare? Utah has a flat 4.85 percent individual income tax rate. Utah also has a flat 4.85 percent corporate income tax. Utah has a 6.10 percent state sales tax rate, a max local sales tax rate of 2.95 percent, and an average combined state and local sales tax rate of 7.19 percent.

How is Utah taxable income calculated?

Personal income taxes in Utah are relatively simple when compared to the federal income tax. There is a single, flat rate paid by all income earners: 4.85% of their taxable income. Taxable income is calculated by subtracting all personal exemptions from total income.

What are the taxes for retirees in Utah?

Utah tax and retirement Social Security benefits are taxed in Utah at 4.85%, but you may be eligible for a partial or full credit depending on how much income you earn. Pension benefits are also taxed. You only pay tax on 55% of your primary residence's value and up to one acre of land.

What is the formula for taxable income?

Taxable Income Formula = Gross Sales – Cost of Goods Sold – Operating Expense – Interest Expense – Tax Deduction/ Credit.

What is Utah sales tax 2023?

This includes the state rate of 1.75%, local option rate of 1.0% and county option rate of 0.25%. The combined sales rate for the various localities in this section applies to all taxable sales in the state.

Does Utah require estimated tax payments for corporations?

You may be subject to penalties and interest if you do not file your return on time or do not pay all income tax due by the due date. See Penalties and Interest. Utah does not require quarterly estimated tax payments.

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What is UT Publication 17?

UT Publication 17 is a form used by the state of Utah for reporting certain tax-related information, including income and eligibility for tax credits.

Who is required to file UT Publication 17?

Individuals who are claiming specific tax credits or deductions related to state taxes are required to file UT Publication 17.

How to fill out UT Publication 17?

To fill out UT Publication 17, taxpayers should gather their financial documents, provide necessary personal information, and complete the form according to the instructions provided by the Utah State Tax Commission.

What is the purpose of UT Publication 17?

The purpose of UT Publication 17 is to provide a standardized process for Utah taxpayers to report their income and claim tax credits, ensuring compliance with state tax laws.

What information must be reported on UT Publication 17?

The information that must be reported on UT Publication 17 includes personal identification details, total income, deductions, and any tax credits being claimed.