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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-1120CU-NI
for the current year.
Form CT-1120CU-NI Tax on Combined Group Net Income - Connecticut
What Is Form CT-1120CU-NI?
This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form CT-1120CU-NI?
A: Form CT-1120CU-NI is a tax form used in Connecticut to calculate the tax on the combined net income of a group.
Q: Who needs to file Form CT-1120CU-NI?
A: Form CT-1120CU-NI must be filed by combined groups of corporations that have nexus in Connecticut.
Q: What is a combined group for tax purposes?
A: A combined group for tax purposes is a group of corporations that meet certain ownership and control requirements and elect to file a combined return.
Q: What is net income?
A: Net income is the amount of income left after subtracting deductions, exemptions, and credits from gross income.
Q: How is the tax on combined group net income calculated?
A: The tax on combined group net income is calculated by applying Connecticut's corporate tax rate to the combined group's net income.
Q: Are there any additional forms or schedules that need to be filed with Form CT-1120CU-NI?
A: Yes, combined groups are required to file Schedule CU with Form CT-1120CU-NI to report the apportionment and allocation of income.
Q: When is Form CT-1120CU-NI due?
A: Form CT-1120CU-NI is due on the same date as the group's federal income tax return, usually on March 15th.
Form Details:
- Released on December 1, 2020;
- 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-NI by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.
Download Form CT-1120CU-NI Tax on Combined Group Net Income - Connecticut
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