| (1) |
This section does not apply to an employer filing a withholding tax return for a period under this part other than a quarterly period. |
Terms Used In Utah Code 59-10-407
| (2) |
| (a) |
Any employer whose withholding tax liability under Section 59-10-402 is estimated to average an amount designated by the commission by rule shall make a monthly prepayment of the amount required to be paid by Section 59-10-406 for each monthly period of each quarterly period. |
| (b) |
An employer that makes a monthly prepayment described in this Subsection (2) shall make the monthly prepayment as provided in this section until the commission notifies the employer in writing. |
| (c) |
| (i) |
An employer shall file a form with a monthly prepayment. |
| (ii) |
The commission shall prescribe and furnish the form described in Subsection (2)(c)(i). |
| (iii) |
An employer shall make a monthly prepayment and file the form described in Subsection (2)(c)(i) on or before the last day of the month after the end of each monthly period of each quarterly period. |
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| (3) |
In determining whether an employer’s estimated withholding tax liability will average an amount that requires a monthly prepayment, the commission may consider:
| (a) |
a return filed pursuant to Section 59-10-406; or |
| (b) |
information in the commission’s possession or that may come into the commission’s possession. |
|
| (4) |
The penalties and interest for failure to make a monthly prepayment and file the form described in Subsection (2)(c)(i) by the due date described in Subsection (2)(c)(iii) are the same as the penalties and interest under Sections 59-1-401 and 59-1-402 relating to payment of a tax, fee, or charge or filing a return. |
Amended by Chapter 33, 2009 General Session
