| Show tax head gives cives tip on use of utah forms form salt lake city utah utah with incomes of leu less than who use the federal hort form to report and pay their federal income taxes are eligible to use the anew ew state short form but should 0 0 uld look twice before doing so 0 waa was founded sounded today by patrick healy jr chairman utah fax tax cammillo com communion comm miLlo n who pointed out that come some taxpayers might actually pay more by using in the new optional short form alg than a n they would by using mhd regular long form the reason for this Is that ahat the new utah optional short form law ties the utah tax to the federal tax by a flat per ver c niage healy H e a I 1 y explained since trice the e deductions and ex emotions allowed under fe derril laws are different from those i allowed by state law the effect is different on various vatious classes of og ta taxpayers thus a married Marrie ct couple with two depend dependent oot children would pay about the same state tax I 1 yay inured either on the long form i or short shori form with three or mote children the probably lave save money using the state short form while a married without children or a single person would saye aye mo money ay using the long form the we idea I 1 en of the 1991 legi legislature lar was to simp simplify lity the p preparation of returns and payment pa e t of state income tax by making it possible to figure a percentage of the federal tax Ho however when tax commission officials bials pointed out that a 0 mandatory mand abory op provision of that sort would raise the ibe tax some persons ir I 1 and lower if it on others t the ie percentage method was made optional to the tax commission was ordered to change the percentage down ww ahe he federal tax rate daan w latip 1 C versa since the federal tax rate ra t e wept up as of the hamilt la milt in in 1951 95 the percentage figure had ad to be ue reduced aa a arf offset and a table was prepared V based on the percentage thus arrived at thus the optional option sa short form for the state Is really not so simple irn I 1 le the tax commission c chaich has ed said id we will recommend me W the next legislature that a more ore simplified mi optional op tonal form raf t be pr provided ide along 1 the lines of the f federal le amil law a and d not n ot tied to a flat percentage of the federal tax |
