Form Op-424 (Drs/n) - Business Entity Tax Return
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12012
Department of Revenue Services
Form OP‑424 (DRS/N)
State of Connecticut
(Rev. 12/12)
Business Entity Tax Return
An entity is liable for the BET until it officially dissolves/withdraws with the Connecticut Secretary of the State. An entity is
also liable for the BET for the year in which it officially dissolves/withdraws with the Connecticut Secretary of the State.
Waiver of Penalty: To request a penalty waiver, complete and
Business Entity Tax
submit Form DRS‑PW, Request for Waiver of Civil Penalty. DRS
The business entity tax (BET) is an annual tax of $250 imposed on
will only consider the request if Form DRS-PW is fully completed
the following business types:
and properly executed. Taxpayers may mail Form DRS-PW to
• S corporations (Qualified subchapter S subsidiaries (QSSS) are
the address listed below or fax it to the Penalty Waiver Unit at
not liable for the BET.);
860‑297‑4797.
• Limited liability companies (LLCs or SMLLCs) that are, for federal
Department of Revenue Services
income tax purposes, either:
Penalty Waiver Unit
• Treated as a partnership, if it has two or more members; or
PO Box 5089
• Disregarded as an entity separate from its owner, if it has a
Hartford CT 06102-5089
single member;
For detailed information about the penalty waiver process and to
• Limited liability partnerships (LLPs); and
obtain Form DRS-PW, go to the DRS website at
• Limited partnerships (LPs).
and click the link for Penalty Waiver Request. See Policy Statement
The BET applies to those business entities listed above if either:
2010(1), Request for Waiver of Civil Penalties.
1) the entity was formed under Connecticut law; or 2) the entity was
Where to File
not formed under Connecticut law but is required to register with
File Electronically: This return can be filed electronically through
or obtain a certificate of authority from the Connecticut Secretary
the Taxpayer Service Center (TSC). The TSC allows taxpayers to
of the State before transacting business in the state (regardless of
electronically file, pay, and manage state tax responsibilities. Visit
whether or not the entities have complied with the requirement).
to make electronic transactions or administer your
Visit the Department of Revenue Services (DRS) website at
tax account online. If you file electronically, you are expected to pay
for additional information regarding the BET.
electronically at the time of filing.
Required Information: Enter the entity’s taxable year, Connecticut
File a Paper Return: Mail this return to Department of Revenue
Tax Registration Number, Federal Employer Identification
Services, State of Connecticut, PO Box 2936, Hartford CT 06104-2936.
Number (FEIN), and Connecticut Secretary of the State Business
Identification Number in the spaces provided at the top of
Payment Options
Form OP-424.
Pay Electronically: Visit to make a direct
Due Date: The business entity tax must be paid to DRS on or before
tax payment. Using this option authorizes DRS to electronically
the fifteenth day of the fourth month (April 15 for calendar year filers)
withdraw a payment from your bank account (checking or savings)
following the close of each taxable year of the entity. An entity’s
on a date you select up to the due date. If you pay electronically,
taxable year is its taxable year for federal income tax purposes. If
you must still file your return on or before the due date.
the due date falls on a Saturday, Sunday, or legal holiday, the next
Pay by Mail: Make check payable to Commissioner of Revenue
business day is the due date.
Services. To ensure payment is applied to your account, write “2012
Interest: If the tax is not paid by the due date, interest is computed
Form OP‑424” and the entity’s Connecticut Tax Registration Number
on any unpaid tax at the rate of 1% per month or fraction of a month
on the front of your check. Do not send cash. DRS may submit your
until the tax is paid in full.
check to your bank electronically.
Penalty: The penalty for late payment of the tax due is $50.
For More Information: Call DRS Monday through Friday, 8:30 a.m.
to 4:30 p.m. at 1‑800‑382‑9463 (Connecticut calls outside the
Signature: This return must be signed by a general partner if the
Greater Hartford calling area only) or 860‑297‑5962 (from anywhere).
entity is a partnership, or, if the entity is a limited liability company,
TTY, TDD, and Text Telephone users only may transmit inquiries
by anyone with authority to sign the return. If the entity is an
anytime by calling 860-297-4911.
S corporation, an officer must sign the return.
Detach and return bottom portion.
Form OP‑424 (DRS/N) – Business Entity Tax Return
2012
State of Connecticut (Rev. 12/12)
For taxable year ending Connecticut Tax Registration Number Federal Employer ID Number
Secretary of State Business ID
DRS use only
–
– 20
Check if this is a final return.
$250 00
1. Business entity tax
1.
Check if the entity has been dissolved/withdrawn with the CT Secretary of the State.
00
Check if changing status (example S Corporation to a C Corporation).
2. If late: Enter penalty. See Penalty above.
2.
Declaration: I declare under 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
00
3. If late: Enter interest. See Interest above.
3.
the penalty for willfully delivering a false return or document to DRS is a fine of not
more than $5,000, imprisonment for not more than five years, or both.
00
4. Total amount due: Add Lines 1, 2, and 3.
4.
Sign here __________________________________ Date __________________
.
Visit to file and pay Form OP-424 using the TSC
Mail to: Department of Revenue Services
Enter business name and address. Please print or type.
State of Connecticut
PO Box 2936
Business name
Hartford CT 06104-2936
Address
Number and street
PO Box
City or town
State
ZIP code
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Parent category: Financial