Sch UTP - Uncertain Tax Position Statement

What is the form used for?

• Sch UTP is for information about tax positions affecting federal income tax liabilities - corps. that issue or in audited financial statements and have assets greater than or equal to $10 Million

Is the form Supported in our program? Yes, in desktop business only.

How to access the form: After opening a 1120C/1120S type return on the Online/Desktop program, go to Form > Add Form/Display List, and search for Sch UTP

Limits to the form: There is no limit to the number of copies you may have on a single return.

IRS Publication: https://www.irs.gov/forms-pubs/about-schedule-utp-form-1120