Form CT-1120CU-NCB "Nexus Combined Base Tax Calculation" - Connecticut

What Is Form CT-1120CU-NCB?

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;
  • Fill out the form in our online filing application.

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

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Form CT-1120CU-NCB
Connecticut designated taxable member’s CT Tax Registration #
Form CT-1120CU-NCB
(Rev. 12/17)
Nexus Combined Base Tax Calculation
Page 1 of 4
CUNCB 1217W 01 9999
PART I
Nexus Combined Total
1. Form CT-1120, Schedule D, Line 1 (federal taxable income (loss) before net operating loss and special deductions) .................
1.
2. Interest income wholly exempt from federal tax ..............................................................................................................................
2.
3. Unallowable deduction for corporation tax from Form CT-1120, Schedule F, Line 8 .....................................................................
3.
4. Interest expenses paid to a related member from Form CT-1120AB, Part I A, Line 1 ...................................................................
4.
A
5. Intangible expenses and costs paid to a related member from Form CT-1120AB, Part I B, Line 3 ...............................................
5.
D
6. Federal bonus depreciation: See instructions. ................................................................................................................................
6.
D
7. Reserved for future use ...................................................................................................................................................................
7.
8. IRC §199 domestic production activities deduction from federal Form 1120, Line 25 .....................................................................
8.
9. Other: Attach explanation. ...............................................................................................................................................................
9.
10. Total: Add Lines 1 through 9. ..........................................................................................................................................................
10.
11a. Dividends from domestic companies less than 20% owned
Limited to 70% deduction (less related expenses) ............................................................................................................................ 11a.
11b. Other dividends (less related expenses) ......................................................................................................................................... 11b.
11c. Dividends from a captive REIT taxable in Connecticut ................................................................................................................... 11c.
D
11d. Intercorporate dividends from corporations included in this combined return ................................................................................. 11d.
E
12. Capital loss carryover (if not deducted in computing federal capital gain): Attach schedule. ..........................................................
12.
D
13. Capital gain from sale of preserved land .........................................................................................................................................
13.
U
14. Federal bonus depreciation recovery from Form CT-1120 ATT, Schedule J, Line 26 ....................................................................
14.
C
15. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 1 ......................................................................................
15.
T
16. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 2 ......................................................................................
16.
17. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 3 ......................................................................................
17.
18. Exceptions to add back of intangible expenses paid to a related member from Form CT-1120AB, Part II B, Line 1 .....................
18.
19. Deferred cancellation of debt income. See instructions. .................................................................................................................
19.
20. Other: Attach explanation. ...............................................................................................................................................................
20.
21. Total: Add Lines 11 through 20. ......................................................................................................................................................
21.
22. Net income (loss): Subtract Line 21 from Line 10. If 100% Connecticut, enter also on Line 24. ................................................
22.
23. Apportionment fraction. See instructions. Carry to six places. ........................................................................................................
23.
24. Connecticut net income: Line 22, or Line 22 multiplied by Line 23. ................................................................................................
24.
.00
25. Operating loss carryover from separate return year: Cannot exceed 50% of amount on Line 24. Attach schedule. ......................
25.
.00
26. Net income: Subtract Line 25 from Line 24. ....................................................................................................................................
26.
.00
27. Nexus combined operating loss carryover. Cannot exceed 50% of the amount on Line 26, and the sum of Line 25 and
Line 27 cannot exceed 50% of the amount on the Nexus Combined Total column, Line 24. Attach schedule. ..............................
27.
.00
28. Nexus combined income subject to tax: Subtract Line 27 from Line 26. .........................................................................................
28.
.00
29. Tax: Multiply Line 28 by 7.5% (.075). Enter here and on Form CT-1120CU-NCB, Part III, Line 1. .................................................
29.
.00
PART II
1. Form CT-1120, Schedule E, Line 6, Column C. If 100% Connecticut, enter also on Line 3. See instructions. ..........................
1.
2. Apportionment fraction. See instructions. Carry to six places. ........................................................................................................
2.
3. Line 1, or Line 1 multiplied by Line 2. ..............................................................................................................................................
3.
4. Number of months covered by this return. ......................................................................................................................................
4.
5. Line 3 multiplied by Line 4, divide by 12. .........................................................................................................................................
5.
6. Nexus combined minimum tax base: Add all amounts on Line 5. ...................................................................................................
6.
.00
7. Tax: Multiply Line 6 by 0.0031 (3
/
mils per dollar). Maximum $1,000,000. Enter here and on
1
10
Form CT-1120CU-NCB, Part III, Line 2. ..........................................................................................................................................
7.
.00
Form CT-1120CU-NCB
Connecticut designated taxable member’s CT Tax Registration #
Form CT-1120CU-NCB
(Rev. 12/17)
Nexus Combined Base Tax Calculation
Page 1 of 4
CUNCB 1217W 01 9999
PART I
Nexus Combined Total
1. Form CT-1120, Schedule D, Line 1 (federal taxable income (loss) before net operating loss and special deductions) .................
1.
2. Interest income wholly exempt from federal tax ..............................................................................................................................
2.
3. Unallowable deduction for corporation tax from Form CT-1120, Schedule F, Line 8 .....................................................................
3.
4. Interest expenses paid to a related member from Form CT-1120AB, Part I A, Line 1 ...................................................................
4.
A
5. Intangible expenses and costs paid to a related member from Form CT-1120AB, Part I B, Line 3 ...............................................
5.
D
6. Federal bonus depreciation: See instructions. ................................................................................................................................
6.
D
7. Reserved for future use ...................................................................................................................................................................
7.
8. IRC §199 domestic production activities deduction from federal Form 1120, Line 25 .....................................................................
8.
9. Other: Attach explanation. ...............................................................................................................................................................
9.
10. Total: Add Lines 1 through 9. ..........................................................................................................................................................
10.
11a. Dividends from domestic companies less than 20% owned
Limited to 70% deduction (less related expenses) ............................................................................................................................ 11a.
11b. Other dividends (less related expenses) ......................................................................................................................................... 11b.
11c. Dividends from a captive REIT taxable in Connecticut ................................................................................................................... 11c.
D
11d. Intercorporate dividends from corporations included in this combined return ................................................................................. 11d.
E
12. Capital loss carryover (if not deducted in computing federal capital gain): Attach schedule. ..........................................................
12.
D
13. Capital gain from sale of preserved land .........................................................................................................................................
13.
U
14. Federal bonus depreciation recovery from Form CT-1120 ATT, Schedule J, Line 26 ....................................................................
14.
C
15. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 1 ......................................................................................
15.
T
16. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 2 ......................................................................................
16.
17. Exceptions to interest add back from Form CT-1120AB, Part II A, Line 3 ......................................................................................
17.
18. Exceptions to add back of intangible expenses paid to a related member from Form CT-1120AB, Part II B, Line 1 .....................
18.
19. Deferred cancellation of debt income. See instructions. .................................................................................................................
19.
20. Other: Attach explanation. ...............................................................................................................................................................
20.
21. Total: Add Lines 11 through 20. ......................................................................................................................................................
21.
22. Net income (loss): Subtract Line 21 from Line 10. If 100% Connecticut, enter also on Line 24. ................................................
22.
23. Apportionment fraction. See instructions. Carry to six places. ........................................................................................................
23.
24. Connecticut net income: Line 22, or Line 22 multiplied by Line 23. ................................................................................................
24.
.00
25. Operating loss carryover from separate return year: Cannot exceed 50% of amount on Line 24. Attach schedule. ......................
25.
.00
26. Net income: Subtract Line 25 from Line 24. ....................................................................................................................................
26.
.00
27. Nexus combined operating loss carryover. Cannot exceed 50% of the amount on Line 26, and the sum of Line 25 and
Line 27 cannot exceed 50% of the amount on the Nexus Combined Total column, Line 24. Attach schedule. ..............................
27.
.00
28. Nexus combined income subject to tax: Subtract Line 27 from Line 26. .........................................................................................
28.
.00
29. Tax: Multiply Line 28 by 7.5% (.075). Enter here and on Form CT-1120CU-NCB, Part III, Line 1. .................................................
29.
.00
PART II
1. Form CT-1120, Schedule E, Line 6, Column C. If 100% Connecticut, enter also on Line 3. See instructions. ..........................
1.
2. Apportionment fraction. See instructions. Carry to six places. ........................................................................................................
2.
3. Line 1, or Line 1 multiplied by Line 2. ..............................................................................................................................................
3.
4. Number of months covered by this return. ......................................................................................................................................
4.
5. Line 3 multiplied by Line 4, divide by 12. .........................................................................................................................................
5.
6. Nexus combined minimum tax base: Add all amounts on Line 5. ...................................................................................................
6.
.00
7. Tax: Multiply Line 6 by 0.0031 (3
/
mils per dollar). Maximum $1,000,000. Enter here and on
1
10
Form CT-1120CU-NCB, Part III, Line 2. ..........................................................................................................................................
7.
.00
Connecticut designated taxable member’s CT Tax Registration #
Form CT-1120CU-NCB
(Rev. 12/17)
Page 2 of 4
CUNCB 1217W 02 9999
(A. = Enter corporation name)
Taxable Member #:
Taxable Member #:
Taxable Member #:
Taxable Member #:
Taxable Member #:
A.
1.
.00
.00
.00
.00
.00
2.
.00
.00
.00
.00
.00
3.
.00
.00
.00
.00
.00
4.
.00
.00
.00
.00
.00
5.
.00
.00
.00
.00
.00
6.
.00
.00
.00
.00
.00
7.
8.
.00
.00
.00
.00
.00
9.
.00
.00
.00
.00
.00
10.
.00
.00
.00
.00
.00
11a.
.00
.00
.00
.00
.00
11b.
.00
.00
.00
.00
.00
11c.
.00
.00
.00
.00
.00
11d.
.00
.00
.00
.00
.00
12.
.00
.00
.00
.00
.00
13.
.00
.00
.00
.00
.00
14.
.00
.00
.00
.00
.00
15.
.00
.00
.00
.00
.00
16.
.00
.00
.00
.00
.00
17.
.00
.00
.00
.00
.00
18.
.00
.00
.00
.00
.00
19.
.00
.00
.00
.00
.00
20.
.00
.00
.00
.00
.00
21.
.00
.00
.00
.00
.00
22.
.00
.00
.00
.00
.00
.
.
.
.
.
23.
24.
.00
.00
.00
.00
.00
25.
.00
.00
.00
.00
.00
26.
.00
.00
.00
.00
.00
27.
28.
29.
1.
.00
.00
.00
.00
.00
.
.
.
.
.
2.
3.
.00
.00
.00
.00
.00
4.
.00
.00
.00
.00
.00
5.
.00
.00
.00
.00
.00
6.
7.
Form CT-1120CU-NCB
Connecticut designated taxable member’s CT Tax Registration #
(Rev. 12/17)
Page 3 of 4
CUNCB 1217W 03 9999
PART III – Aggregate Maximum Tax
. 00
1. Tax on nexus combined net income from Part I, Line 29, Nexus Combined Total column. ..................................................................................... 1.
. 00
2. Tax on nexus combined minimum tax base from Part II, Line 7, Nexus Combined Total column. .......................................................................... 2.
. 00
3. Enter the larger of Line 1 or Line 2, Nexus Combined Tax. ..................................................................................................................................... 3.
2,500,000
. 00
4. Maximum addition amount. ...................................................................................................................................................................................... 4.
. 00
5. Aggregate Maximum Tax: Add Line 3 and Line 4. Enter here and on Form CT-1120CU, Part I, Line 4. ................................................................. 5.
Taxable Member
Taxable Member
Taxable Member
Taxable Member #:
Taxable Member #:
Taxable Member #:
Corporation name:
Allocation of Aggregate Maximum Tax
6. Enter in each column the tax reported for each taxable
. 00
. 00
. 00
member on Form CT-1120CU-NI, Part III, Line 13. ...................................................................
7. Enter the amount reported on Form CT-1120CU-NI,
. 00
Part III, Line 14. .....................................................................
.
.
.
8. Divide the amount in each column on Line 6 by Line 7. ............................................................
9. Allocation of aggregate maximum tax: Multiply the amount on
Line 5 by the percentage reported on Line 8 in each column.
Enter also in each corresponding column on Form CT-1120CU,
. 00
. 00
. 00
Part I, Line 6c. ..........................................................................................................................
Connecticut designated taxable member’s CT Tax Registration #
Form CT-1120CU-NCB
(Rev. 12/17)
Page 4 of 4
CUNCB 1217W 04 9999
(A. = Enter corporation name)
Taxable Member #:
Taxable Member #:
Taxable Member #:
Taxable Member #:
Taxable Member #:
A.
. 00
. 00
. 00
. 00
. 00
6.
7.
.
.
.
.
.
8.
. 00
. 00
. 00
. 00
. 00
9.
Page of 4