How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

Sales tax payment options - Utah

This answer was rated:

Can an S Corp in Utah who is cash basis for income tax purposes also pay utah sales tax on a cash basis?

I'm going to lunch now but will return in 30 min


Hi and welcome to Just Answer!
S-corporation does not pay income taxes - instead all taxable income is passed to shareholders who in turn include that income on their individual tax returns.
In Utah - even though you may use the cash method for your business books, sales and use tax must be reported and paid on an accrual basis.
This means that these transactions must be reported and the taxes paid when the item is invoiced regardless of when you actually receive or make the payment.
Please see for reference -
That is because sales tax are due when the sale transaction took place and as a seller you are required to charge sales tax from the end user at that time. Also the sales tax rate and local sales tax liability are also based on the time and place when the sale transaction occurred.
There is no option to account for sales taxes differently.

Lev and other Tax Specialists are ready to help you

Related Tax Questions