AGENCY: Utah State Tax Commission. Division of Operations. Central Services
SERIES: 17027
TITLE: Partnership and fiduciary income tax returns
DATES: 1978-1985.
ARRANGEMENT: Chronological
DESCRIPTION: These are income tax returns filed by partnerships and estates or trusts as required by UCA 59-11-205, 1989. These files include Batch Header Card, Partnership Return of Income, Fiduciary Return of Income, Application for Automatic Extension of Time to File Utah Income Tax Return, correspondence, and copies of related federal tax returns. Information includes the partnership name, address, and federal identification number; the principal business activity and product; the date the business was started; the accounting method used; the number of partners in the partnership; the partnership's income, deductions, and tax liability; a balance sheet listing of assets; the name and address of a general partner; the taxpayer's name, address, and federal identification number; whether the taxpayer is a trust or estate; the taxpayer's income, deductions, and tax calculations; the name and signature of the fiduciary or officer representing the fiduciary; the preparer's name, signature, address, and social security number; the batch number; document count; routing of the batch; type of transaction; amount of increase or decrease of assessment and remittance; and the amount of payment made.
This record series is no longer being collected as one file. Two separate series were established 17025 Partnership income tax return files and 17026 Fiduciary income tax return files to deal with the separation.
RETENTION
DISPOSITION
RETENTION AND DISPOSITION AUTHORIZATION
Retention and disposition for this series were specifically approved by the State Records Committee.
APPROVED: 03/1987
FORMAT MANAGEMENT
Paper: Retain in Office for 1 year or until microfilmed and then destroy provided microfilm has passed inspection.
Microfilm master: Retain in State Records Center for 10 years and then destroy.
Microfilm duplicate: Retain in Office for 10 years and then destroy.
APPRAISAL
Administrative Legal
This record is governed by UCA 59-10-502, 59-10-536, 59-1-401, and 59-10-536(3) which states the Tax Commission may assess a tax against a taxpayer who files a fraudulent or false return at any time, and also sets an audit period of 3 years. UCA 59-1-401, and 76-8-1101 has set limitations for prosecution at 6 years from when the return should have been filed. The Tax Commission has requested a retention of 10 years to comply with federal and IRS collection procedures. There is no statute of limitations on tax evasion but the federal government rarely takes action after 10 years.
PRIMARY DESIGNATION
Private