Utah Code 59-10-510. Return of electing small business corporation
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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;
Terms Used In Utah Code 59-10-510
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: includes :(1)(b)(i) an association;(1)(b)(ii) a joint stock company; and(1)(b)(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:(5)(a) form; or(5)(b) administrative rule made in accordance with
Title 63G, Chapter 3, Utah Administrative Rulemaking Act .