Instructions for Form OR-131 Surety Tax Bond - Connecticut

This document contains official instructions for Form OR-131 , Surety Tax Bond - a form released and collected by the Connecticut Department of Revenue Services.

FAQ

Q: What is Form OR-131 Surety Tax Bond?A: Form OR-131 Surety Tax Bond is a document used to provide a surety bond to the Connecticut Department of Revenue Services as a guarantee that the taxpayer will fulfill their tax obligations.

Q: Who needs to use Form OR-131 Surety Tax Bond?A: Taxpayers in Connecticut who are required to provide a surety bond to the Department of Revenue Services are required to use Form OR-131.

Q: What is the purpose of a surety bond?A: A surety bond is used as a financial guarantee that the taxpayer will pay their tax obligations in full and on time.

Q: Is there a fee for filing Form OR-131 Surety Tax Bond?A: There may be a fee associated with filing Form OR-131 Surety Tax Bond. The specific fee amount can be found in the instructions for the form.

Q: What should I do with the completed Form OR-131 Surety Tax Bond?A: The completed Form OR-131 Surety Tax Bond should be submitted to the Connecticut Department of Revenue Services along with any required supporting documentation.

Q: What happens if I fail to provide a surety bond?A: If you fail to provide a surety bond when required, it may result in penalties and interest being assessed on your tax liabilities.

Q: Can I cancel or withdraw a surety bond?A: Yes, a surety bond can be canceled or withdrawn. You should consult the Connecticut Department of Revenue Services for the specific procedures and requirements.

Q: Are there any alternatives to providing a surety bond?A: Yes, there may be alternative options available, such as a cash deposit or an irrevocable letter of credit. You should consult the Connecticut Department of Revenue Services for more information.