Form Op-424 (Drs/n) - Business Entity Tax Return 2005
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1Department of Revenue Services
2005
Form OP-424 (DRS/N)
State of Connecticut
(Rev. 12/05)
Business Entity Tax Return
Purpose: There is an annual business entity tax (BET)
Penalty: The penalty for late payment of the tax due is $50.
of $250. The BET applies to each of the following entities
Waiver of Penalty: DRS may waive all or part of the penalty
if the entity is required to file an annual report with the
when it is proven that the failure to pay the tax on time
Connecticut Secretary of the State:
was due to a reasonable cause and was not intentional or
• S Corporation;
due to neglect. Before a penalty waiver can be granted,
• Limited Liability Partnership;
all tax and interest must be paid. Interest cannot be waived.
• Limited Partnership; or
Signature: This return must be signed by a general partner
• Limited Liability Company that, for federal income tax
if the entity is a partnership, or, if the entity is a limited liability
purposes, is either treated as a partnership (if it has
company, by anyone with authority to sign the return. If the
more than one member) or disregarded as an entity
entity is an S corporation, an officer must sign the return.
separate from its owner (if it has one member).
Where to File: Send your completed Form OP-424
These entities must file Form OP-424 (DRS/N), Business
(DRS/N) and payment to:
Entity Tax Return, and pay the tax on or before the due
Department of Revenue Services
date.
PO Box 2936
Hartford CT 06104-2936
Required Information: Enter the entity’s taxable year,
Make check or money order payable to: Commissioner
Connecticut Tax Registration Number, Federal Employer
of Revenue Services. To ensure proper posting of your
Identification Number, and Connecticut Secretary of the
payment, write “2005 Form OP-424 (DRS/N)” and your
State Identification Number in the spaces provided at the
Connecticut Tax Registration Number on your check or
top of Form OP-424 (DRS/N).
money order.
Due Date: The business entity tax must be paid to the
For more information, see Special Notice 2002(11),
Department of Revenue Services (DRS) by the entity on
Business Entity Tax, and Informational Publication
or before the fifteenth day of the fourth month (April 15
2003(15), Q & A on the Business Entity Tax, or contact
for calendar year filers) following the close of each taxable
the DRS Taxpayer Services Division at 1-800-382-9463
year of the entity. An entity’s taxable year is its taxable
(in-state) or 860-297-5962 (from anywhere).
year for federal income tax purposes.
The entity may use Fast-File to file admissions and dues
If the due date falls on a Saturday, Sunday, or legal holiday,
tax, attorney occupational tax, business entity tax,
the next business day is the due date.
business use tax, estimated corporation business tax,
Interest: If the tax is not paid by the due date, interest is
nursing home user fee, or withholding tax returns over
computed on any unpaid tax at the rate of 1% (.01) per
the Internet. Visit the DRS Website at
month or fraction of a month from the due date until the
and click on File/Register OnLine.
date of payment.
Detach and return bottom portion in envelope provided.
Form OP-424 (DRS/N) – Business Entity Tax Return
2005
State of Connecticut (Rev. 12/05)
For Taxable Year Ending Connecticut Tax Registration Number Federal Employer ID Number
Secretary of State ID Number
DRS USE ONLY
–
– 20
Make check or money order payable to:
1. Business Entity Tax
1.
$250 00
Commissioner of Revenue Services
Mail to:
Department of Revenue Services
2. If late: Enter penalty. (See Penalty above.)
2.
00
PO Box 2936
Hartford CT 06104-2936
3. If late: Enter interest. (See Interest above.)
3.
00
Declaration: I declare under penalty of law that I
have examined this return and, to the best of my
4. Total amount due. (Add Lines 1, 2, and 3.) Enter total here.
4.
00
knowledge and belief, it is true, complete, and
correct.
Enter name and address. Please print or type.
I understand the penalty for willfully delivering a
Name
false return or document to DRS is a fine of not
more than $5,000, or imprisonment for not more
Address
Number and Street
PO Box
than five years, or both.
City or Town
State
ZIP
Sign Here
Date
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