Does my multi-member LLC have to file a Utah TC-65?
Short answer: Usually. A partnership or LLC taxed as a partnership files Form TC-65, with one exception for entities whose members are all Utah resident individuals.
Form TC-65 is Utah's return for partnerships and LLCs taxed as partnerships.
Utah does not require a TC-65 when every partner or member is a Utah resident individual and the entity keeps records of each member's share. If any member is a business, trust, estate or nonresident individual, the entity must file.
Entities with nonresident or business members also have Utah pass-through withholding to calculate on Schedule N.
Even when a TC-65 is not required, filing one often makes the owners' Utah returns cleaner. We prepare the federal Form 1065 and the TC-65 together.
General information from Davis Schuler & Associates, LLC, not advice for your situation. Tax rules and thresholds change; confirm the current rules before acting.
Want an Enrolled Agent to look at your situation?
A short call with an Enrolled Agent. No cost, no obligation.