Utah Code 59-10-510. Return of electing small business corporation
Current as of: 2023 | Check for updates
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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; |
(i) | an association; |
(ii) | a joint stock company; and |
(iii) | an insurance company. See Utah Code 59-10-103 |
(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:
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Amended by Chapter 212, 2009 General Session