Tax Commission
S Corporation Tax
Every S corporation (as defined in IRC §1361(a)) that has filed a proper and timely election under IRC §1362(a) must file form TC-20S, so long as the federal election remains in effect. The minimum tax does not apply to S corporations.
See instructions on filing and additional information about filing corporate returns.
Filing and Payment Frequency
Frequency: Annual or Fiscal
Payment frequency: Please check the TC-20S Instructions for information about prepayments.
Tax Rate: The income tax rate for Utah can change from year to year. For a list of rates per year please check our Income Tax Rates page.
Forms and Publications
The TC-20s can be filed electronically using third party software. Please see our list of authorized providers.
TC-20S
TC-20S Instructions
Pub 68
Statues and Rules
Revenue
All income tax revenue is used to fund education.