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Requirements for Filing Schedule UTP

A corporation must file Schedule UTP (Form 1120) Uncertain Tax Position Statement with its income tax return if:

  • The corporation files Form 1120, U.S. Corporation Income Tax Return; Form 1120-F, U.S. Income Tax Return of a Foreign Corporation; Form 1120-L, U.S. Life Insurance Company Income Tax Return; or Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return;
  • The corporation has assets that equal or exceed $10 million;
  • The corporation or a related party issued audited financial statements reporting all or a portion of the corporation’s operations for all or a portion of the corporation’s tax year; and
  • The corporation has one or more tax positions that must be reported on Schedule UTP.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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