92-0151 - Corporate Franchise

BEFORE THE UTAH STATE TAX COMMISSION

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In Re: )

: INFORMAL DECISION

XXXXX., )

: Appeal No. 92-0151

)

: Account No. XXXXX

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STATEMENT OF CASE

This matter came before the Utah State Tax Commission pursuant to the Administrative Procedures Act and the rules of the Utah State Tax Commission for informal proceedings. No hearing was requested, therefore, this decision is based upon information contained in the Tax Commission's file.

FINDINGS

Petitioner is a Utah corporation doing most of its business in XXXXX. For the year XXXXX, Petitioner did not have any sales in Utah.

Petitioner filed and paid its XXXXX corporate tax return in the amount of $$$$$ on XXXXX, approximately three weeks late. Petitioner was assessed a $$$$$ late penalty plus interest. President XXXXX stated that it was an oversight on his part to miss the deadline. This was the first time Petitioner has ever been late.

DECISION AND ORDER

The Tax Commission finds sufficient cause does not exist to waive the penalty associated with the corporate income tax for the year XXXXX. It is so ordered.

DATED this 10th day of February, 1992.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco S. Blaine Willes

Commissioner Commissioner