Form CT-1120 "Application for Extension of Time to File Connecticut Corporation Business Tax Return" - Connecticut

What Is Form CT-1120?

This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2017;
  • The latest edition provided by the Connecticut Department of Revenue Services;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a printable version of Form CT-1120 by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.

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Download Form CT-1120 "Application for Extension of Time to File Connecticut Corporation Business Tax Return" - Connecticut

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Department of Revenue Services
Form CT-1120 EXT
2017
State of Connecticut
Application for Extension of Time to File
PO Box 2974
(Rev. 12/17)
Hartford CT 06104-2974
Connecticut Corporation Business Tax Return
1120EXT 1217W 01 9999
See instructions. Complete this form in blue or black ink only. Type or print.
For DRS
Enter Income Year Beginning
and Ending
Use Only
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
Corporation/Designated Taxable Member name
Connecticut Tax Registration Number
This return MUST be fi led electronically!
Number and street
PO Box
Federal Employer ID Number (FEIN)
DO NOT MAIL paper tax return to DRS.
City, town, or post offi ce
State
ZIP code
Request for extension to fi le Form CT-1120, Corporation Business Tax Return or Form CT-1120CU, Combined Unitary Corporation Business
Tax Return. Each corporation must submit payment of any tax due or believed to be due with this application for an extension of time to fi le, whether
or not an application for federal extension has been approved. See instructions.
I request an extension of time to November 15, 2018, to fi le my Connecticut Corporation Business Tax return for calendar year 2017,
or until
(MMDDYYYY) for fi scal year ending
(MMDDYYYY).
June 30 year end fi lers may request a seven-month extension. All others may request a six-month extension.
A federal extension has been requested on federal Form 7004, Application for Automatic Extension of Time to File Certain Business Income
Check
Tax, Information, and Other Returns, for calendar year 2017 or fi scal year beginning
(MMDDYYYY) and
here
ending
(MMDDYYYY). If a federal extension has not been fi led, explain why you are requesting the Connecticut
extension:
Are you fi ling Form CT-1120CU?
Yes
No
00
1. Tentative amount of tax due for this income year; minimum tax $250. See instructions. ........................ 1.
.
00
2. Surtax: See instructions. ......................................................................................................................... 2.
.
00
3. Total tax: Add Line 1 and Line 2. Include tax credit recapture, if applicable. .......................................... 3.
.
00
4. Multiply Line 3 by 49.99% (0.4999) See instructions. ............................................................................. 4.
.
00
5. Multiply the number of taxable members included by $250. .................................................................... 5.
.
00
6. Enter the greater of Line 4 or Line 5. ....................................................................................................... 6.
.
00
7. Tax credit limitation: Subtract Line 6 from Line 3. .................................................................................... 7.
.
00
8. Tax credits: Do not exceed amount on Line 7. ..................................................................................... 8.
.
00
9. Balance of tax payable: Subtract Line 8 from Line 3. .............................................................................. 9.
.
00
10. Payment(s) of estimated tax .................................................................................................................. 10.
.
00
11. Overpayment from prior year ..................................................................................................................11.
.
00
12. Total payments: Add Line 10 and Line 11. .......................................................................................... 12.
.
00
13. Amount due with this return: Subtract Line 12 from Line 9. .........................................................
13.
.
Declaration: I declare under the penalty of law that I have examined this return and, to the best of my knowledge and belief, it is true, complete, and correct. I
understand the penalty for willfully delivering a false return or document to the Department of Revenue Services (DRS) is a fi ne of not more than $5,000, imprisonment
for not more than fi ve years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.
Corporate offi cer’s name (print)
Corporate offi cer’s signature
Date
(MMDDYYYY)
This return MUST be filed electronically!
Sign
Here
Title
Telephone number
May DRS contact the preparer
Yes
No
DO NOT MAIL paper tax return to DRS.
shown below about this return?
Keep a
copy of
Paid preparer’s name (print)
Paid preparer’s signature
Date
Preparer’s SSN or PTIN
(MMDDYYYY)
this return
for your
Firm’s name and address
Firm’s FEIN
Telephone number
records.
Visit the DRS Taxpayer Service
Center (TSC) at www.ct.gov/TSC to
fi le and pay this return electronically.
Department of Revenue Services
Form CT-1120 EXT
2017
State of Connecticut
Application for Extension of Time to File
PO Box 2974
(Rev. 12/17)
Hartford CT 06104-2974
Connecticut Corporation Business Tax Return
1120EXT 1217W 01 9999
See instructions. Complete this form in blue or black ink only. Type or print.
For DRS
Enter Income Year Beginning
and Ending
Use Only
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
Corporation/Designated Taxable Member name
Connecticut Tax Registration Number
This return MUST be fi led electronically!
Number and street
PO Box
Federal Employer ID Number (FEIN)
DO NOT MAIL paper tax return to DRS.
City, town, or post offi ce
State
ZIP code
Request for extension to fi le Form CT-1120, Corporation Business Tax Return or Form CT-1120CU, Combined Unitary Corporation Business
Tax Return. Each corporation must submit payment of any tax due or believed to be due with this application for an extension of time to fi le, whether
or not an application for federal extension has been approved. See instructions.
I request an extension of time to November 15, 2018, to fi le my Connecticut Corporation Business Tax return for calendar year 2017,
or until
(MMDDYYYY) for fi scal year ending
(MMDDYYYY).
June 30 year end fi lers may request a seven-month extension. All others may request a six-month extension.
A federal extension has been requested on federal Form 7004, Application for Automatic Extension of Time to File Certain Business Income
Check
Tax, Information, and Other Returns, for calendar year 2017 or fi scal year beginning
(MMDDYYYY) and
here
ending
(MMDDYYYY). If a federal extension has not been fi led, explain why you are requesting the Connecticut
extension:
Are you fi ling Form CT-1120CU?
Yes
No
00
1. Tentative amount of tax due for this income year; minimum tax $250. See instructions. ........................ 1.
.
00
2. Surtax: See instructions. ......................................................................................................................... 2.
.
00
3. Total tax: Add Line 1 and Line 2. Include tax credit recapture, if applicable. .......................................... 3.
.
00
4. Multiply Line 3 by 49.99% (0.4999) See instructions. ............................................................................. 4.
.
00
5. Multiply the number of taxable members included by $250. .................................................................... 5.
.
00
6. Enter the greater of Line 4 or Line 5. ....................................................................................................... 6.
.
00
7. Tax credit limitation: Subtract Line 6 from Line 3. .................................................................................... 7.
.
00
8. Tax credits: Do not exceed amount on Line 7. ..................................................................................... 8.
.
00
9. Balance of tax payable: Subtract Line 8 from Line 3. .............................................................................. 9.
.
00
10. Payment(s) of estimated tax .................................................................................................................. 10.
.
00
11. Overpayment from prior year ..................................................................................................................11.
.
00
12. Total payments: Add Line 10 and Line 11. .......................................................................................... 12.
.
00
13. Amount due with this return: Subtract Line 12 from Line 9. .........................................................
13.
.
Declaration: I declare under the penalty of law that I have examined this return and, to the best of my knowledge and belief, it is true, complete, and correct. I
understand the penalty for willfully delivering a false return or document to the Department of Revenue Services (DRS) is a fi ne of not more than $5,000, imprisonment
for not more than fi ve years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.
Corporate offi cer’s name (print)
Corporate offi cer’s signature
Date
(MMDDYYYY)
This return MUST be filed electronically!
Sign
Here
Title
Telephone number
May DRS contact the preparer
Yes
No
DO NOT MAIL paper tax return to DRS.
shown below about this return?
Keep a
copy of
Paid preparer’s name (print)
Paid preparer’s signature
Date
Preparer’s SSN or PTIN
(MMDDYYYY)
this return
for your
Firm’s name and address
Firm’s FEIN
Telephone number
records.
Visit the DRS Taxpayer Service
Center (TSC) at www.ct.gov/TSC to
fi le and pay this return electronically.
Form CT-1120 EXT Instructions
Complete this form in blue or black ink only.
The following graduated penalty amounts will apply if you fail
to remit payments electronically:
Use Form CT-1120 EXT, Application for Extension of Time to
File Corporation Business Tax Return, to request a six-month
• First offense – 10% penalty on the amount of the tax
extension (seven-month extension for corporations with a
payment, but not more than $2,500;
June 30 fi scal year end) to fi le Form CT-1120, Corporation
• Second offense – 10% penalty, but not more than $10,000;
Business Tax Return, or Form CT-1120CU, Combined Unitary
and
Corporation Business Tax Return. It is not necessary to include
• Third and subsequent offenses – 10% penalty.
a reason for the Connecticut extension request if an extension
on federal Form 7004, Application for Automatic Extension of
Pay by Mail: If you have received a waiver from the
Time to File Certain Business Income Tax, Information, and
electronic payment requirement, make your check payable to
Other Returns, was fi led with the Internal Revenue Service.
Commissioner of Revenue Services. To ensure payment is
applied to your account, write “2017 Form CT-1120 EXT” and
If federal Form 7004 was not fi led, the corporation may apply
the corporation’s Connecticut Tax Registration Number on
for an extension to fi le the Connecticut Corporation Business
the front of the check. Be sure to sign your check and paper
Tax return if there is reasonable cause for the request.
clip it to the front of your return. Do not send cash. DRS may
To get a Connecticut fi ling extension the corporation
submit your check to your bank electronically.
MUST:
Mail paper return with payment to:
• Complete Form CT-1120 EXT in its entirety;
Department of Revenue Services
• File it on or before the fi fteenth day of the month following
State of Connecticut
the due date of the company’s corresponding federal
PO Box 2974
income tax return for the income year (May 15 for calendar
Hartford CT 06104-2974.
year taxpayers); and
Mail paper return without payment to:
• Pay the amount shown on Line 13.
Department of Revenue Services
Form CT-1120 EXT extends only the time to file the
State of Connecticut
Connecticut Corporation Business Tax return. Form CT-1120
PO Box 150406
EXT does not extend the time to pay the amount of tax due.
Hartford CT 06115-0406.
When to File
Payment Options
File Form CT-1120 EXT on or before the fi fteenth day of the
Pay Electronically: Visit the DRS Taxpayer
month following the due date of the company’s corresponding
Service Center (TSC) at www.ct.gov/TSC
federal income tax return for the income year (May 15 for
to make a direct tax payment. After logging
calendar year taxpayers).
into the TSC, select the Make Payment
Only option and choose a tax type from the drop down box.
If the due date falls on a Saturday, Sunday, or legal holiday,
Using this option authorizes DRS to electronically withdraw
the return is considered timely if fi led on the next business
a payment from your bank account (checking or savings) on
day.
a date you select up to the due date. As a reminder, even
Electronic Filing and Payment Requirements
if you pay electronically you must still fi le your return on or
Form CT-1120 and Form CT-1120CU must be fi led and paid
before the due date. Tax not paid on or before the due date
electronically, and all corporations must fi le and pay their
will be subject to penalty and interest.
estimated taxes (Forms CT-1120 ESA, ESB, ESC and ESD)
Pay by Credit Card or Debit Card: You may elect to pay
and extension requests (Form CT-1120 EXT) electronically.
your tax liability using a credit card (American Express®,
See Information Publication 2014(15), Filing and Paying
Discover®, MasterCard®, or VISA®) or comparable debit
Connecticut Taxes Electronically.
card. A convenience fee will be charged by the service
provider. You will be informed of the amount of the fee and
To request a waiver from the electronic fi ling requirement visit
you may elect to cancel the transaction. At the end of the
www.ct.gov/drs/TSCfi ling and complete Form DRS-EWVR,
transaction you will be given a confi rmation number for your
Electronic Filing and Payment Waiver Request.
records.
The following penalties will apply if a required electronic funds
• Visit www.officialpayments.com and select State
transfer (EFT) payment is remitted late:
Payments; or
• 2% of the required tax due for EFT payments not more than
• Call Offi cial Payments Corporation at 800-487-4567.
fi ve days late;
Your payment is effective on the date you make the charge.
• 5% of the required EFT payments more than fi ve days late
but not more than 15 days late; and
Do not send in Form CT-1120 EXT if payment is made
through the credit card service provider. If your payment
• 10% of the required EFT payments more than 15 days late.
is late, DRS will notify you in writing that your request for
extension of time to fi le is denied.
Form CT-1120 EXT (Rev. 12/17)
Page 2 of 3
Interest and Penalty
All payments should be made under the Designated Taxable
Member’s Connecticut tax registration number.
Interest is assessed at 1% per month or fraction of a month
on any underpayment of tax computed from the due date
For groups fi ling their fi rst Form CT-1120CU in 2017, the
of the return. The penalty for underpayment of tax is 10%
group will select a Designated Taxable Member when it
of the tax due or $50, whichever is greater. If no tax is due,
fi les its Form CT-1120CU. If the parent company does not
the Commissioner of Revenue Services may impose a $50
have nexus in Connecticut, any other member with nexus
penalty for the late fi ling of any return or report that is required
may be selected as the Designated Taxable Member. If a
by law to be fi led.
payment is made by a member other than the Designated
Taxable Member, it will be treated as made by the Designated
If a request for a filing extension has been granted, a
Taxable Member when the combined unitary return is fi led.
corporation may avoid a penalty for failure to pay the full
Any extension of time to fi le approved for any member of the
amount due by the original due date if it pays:
group will be a valid extension of time to fi le for all members
• At least 90% of the tax shown to be due on the return on
of the group.
or before the original due date of the return; and
Signature
• The balance due with the fi ling of Form CT-1120, or Form
An offi cer of the corporation must sign this form.
CT-1120CU on or before the extended due date.
Credit Against Estimated Payments
Paid Preparer Signature
A paid preparer must sign and date Form CT-1120 EXT.
An overpayment of tax liability for 2017 will be applied
against the fi rst installment of estimated tax due in 2018 if
Paid preparers must also enter their Social Security Number
the taxpayer timely fi les a completed Form CT-1120 or Form
(SSN) or Preparer Tax Identifi cation Number (PTIN) and their
CT-1120CU and elects to apply an overpayment from 2017
fi rm’s FEIN in the spaces provided.
against its 2018 estimated tax.
Others Who May Sign
Limit on Credits
Anyone (including attorneys, accountants, and enrolled
The amount of tax credits allowable against the Corporation
agents) with a signed Power of Attorney may sign for the
Business Tax for any income year generally may not exceed
corporation in place of a corporate offi cer.
50.01% of the tax due prior to the application of the tax
Line Instructions
credits. For 2017, Research and Development, Research
Line 1 - Enter the tax due for the current income year
and Experimental Expenditures, and Urban and Industrial
without regard to surtax or recapture. Combined unitary fi lers
Site Reinvestment tax credits that remain after application of
aggregate each taxable member’s tax and enter the total.
the 50.01% limitation may be further used, provided the total
of all credits used shall not exceed 60% of the tax liability.
Line 2 - Enter the surtax amount due.
Each taxable member included in Form CT-1120CU applies
Form CT-1120 fi lers: If Line 1 is $250, enter zero (“0”).
tax credits on a separate company basis, which are then
Otherwise, if gross income (from federal form 1120, Line 11,
aggregated and applied against the combined unitary tax
amount in box at the top of Form CT-1120) is $100 million or
liability.
more, multiply Line 1 by 20% and enter the result.
See Special Notice 2016(1), Combined Unitary Legislation,
Form CT-1120CU fi lers: Each taxable member included
for more information on tax credit usage by members of a
in Form CT-1120CU computes its surtax on a separate
unitary group.
company basis. For any taxable member whose tax exceeds
$250, multiply the tax by 20% and enter the total of the surtax
No tax credit allowed against the Corporation Business Tax
amounts.
shall reduce a company’s minimum tax to an amount less
than $250.
Line 3 - Add Line 1 and Line 2. Include tax credit recapture,
if applicable.
Tax Credit Recapture
Line 4 - Multiply Line 3 by 49.99% (0.4999).
If the corporation is subject to recapture of tax credits, include
the tax credit recapture amount in the total tax for the current
If a corporation has Research and Development, Research
income year.
and Experimental Expenditures, or Urban and Industrial
Site Reinvestment tax credits that remain after the 50.01%
Surtax
limitation, these credits may be further applied, provided
Companies whose gross income equals or exceeds $100
the total of all credits used does not exceed 60% of a
million or who fi le as part of a combined unitary return must
corporation’s tax liability.
pay a surtax of 20% of the tax without regard to credits
Line 5 - Form CT-1120 fi lers, enter $250. Form CT-1120CU
and tax credit recapture. The surtax does not apply to the
fi lers, multiply the number of taxable members included in
minimum tax of $250.
the return by $250 and enter the result.
Special Instructions - Combined Unitary Tentative
Line 13 - Subtract Line 12 from Line 9.
Corporation Business Tax Return
The Designated Taxable Member should file one Form
CT-1120 EXT on behalf of all members of the combined
unitary group included in Form CT-1120CU.
Form CT-1120 EXT (Rev. 12/17)
Page 3 of 3
Page of 3