TaxExpress

Penalty and Interest Calculator

Utah Secured

Tax type: Individual income and fiduciary taxes

Instructions: This calculator will calculate the penalty and interest you owe for late filing and late payment of Utah income or fiduciary taxes. To use this calculator, you must meet the following criteria:

  1. You are filing a 2013 tax return with full payment of tax, penalty and interest on the date you enter on the worksheet below.
  2. You are not filing an amended return.
  3. You have not made any tax payments for 2013 after April 15, 2014.

Please enter the following values to calculate your penalty and interest.

1. Utah tax from 2012 (prior year)

Check box if no Utah state taxes were filed last year.

This is needed to ensure you've met the extension requirements.
Income tax: enter the total of line 27 plus line 30 from your 2012 Utah Tax Return; or if using tax software, enter the total amount after nonapportionable nonrefundable credits PLUS the recapture of low-income housing credit.
Fiduciary tax: enter the amount from line 28 of your 2012 Utah Fiduciary Tax Return; or if using tax software, enter the amount after nonapportionable nonrefundable credits.

2. Total 2013 Utah tax


Income tax: from line 32 of your 2013 Utah Income Tax Return, or the "Total Tax" from your tax software.
Fiduciary tax: from line 32 of your 2013 Utah Fiduciary Tax Return, or the "Total Tax" from your tax software.

3. Utah income tax withheld or prepaid


Income tax: from line 39 of your 2013 Utah Income Tax Return, or the "Total Withholding and Refundable Credits" from your tax software.
Fiduciary tax: from line 37 of your 2013 Utah Fiduciary Tax Return, or the "Total Withholding and Refundable Credits" form your tax software.

4. Balance of tax due


Income tax: from line 40 of your 2013 Utah Income Tax Return, or the "Tax Due" from your tax software.
Fiduciary tax: from line 38 of 2013 Utah Fiduciary Tax Return, or the "Tax Due" from your tax software.

5. Date payment will be (or was) made

   

Format: MM/DD/YY

6. Date return will be (or was) filed

   

Format: MM/DD/YY


       

INTEREST RATE CALCULATIONS:
Except as otherwise provided for by law, the interest rate for a calendar year for all taxes and fees administered by the Commission shall be calculated based on the federal short-term rated determined by the Secretary of the Treasury under Section 6621, Internal Revenue Code, and in effect for the preceding fourth calendar quarter.

In the case of underpayments, deficiencies, and delinquencies, simple interest shall be calculated at the rate of two percentage points above the federal short-term rate.

Interest on any underpayment, deficiency, or delinquency of any tax or fee administered by the Commission shall be computed from the time the original return is due, excluding any filing or payment extensions, to the date the payment is received.

WARNING:
It is unlawful for any person, with intent to evade any tax, to fail to timely remit the full amount of tax required by the provisions of the Individual Income Tax Act. A violation of the Individual Income Tax act is punishable as provided in UC Section 59-1-401.