Form Ct-12-717b - Change Of Resident Status - Special Accruals Other Acceptable Security Form Page 2

ADVERTISEMENT

III. Form W-2G, Certain Gambling Winnings:
Attached and made part of this agreement is a copy of the completed federal Form W-2G, Certain Gambling Winnings,
showing Connecticut income tax was withheld from my (our) Connecticut lottery payments.
Now, therefore, I (we) agree that (1) I (we) will include in my (our) Connecticut income tax returns in subsequent taxable
years (or periods) all income and gain accrued prior to my (our) change of residence as if I (we) had not changed my (our)
resident status and will pay the tax thereon when due; (2) the period of limitation within which tax may be assessed, set
forth in Conn. Gen. Stat. §12-733, is hereby extended as provided by subsection (f) of such section, and I (we) hereby agree
that the tax due may be assessed for any taxable year (or periods) at any time within three years after the tax return relating
to the last taxable year during which income or gain accruing prior to my (our) change of residence is actually received has
been filed; and (3) if the DRS determines (a) that I (we) have failed to include in my (our) Connecticut income tax return for
any taxable year (or period) any item of income or gain required to be included therein under the terms of this agreement or
to pay any tax required to be paid, or (b) that the security filed herewith has or will become inadequate to properly secure
payment of the tax, the full amount of income which is accruable under Conn. Gen. Stat. §12-717(c)(1) shall be accrued to
the portion of the taxable year prior to the change of residence and the additional tax for the period, as recomputed, shall
become due immediately. If the tax is not paid within 30 days after notice of a determination described in (a) above has
been mailed to me (us) by ordinary mail, or if the security which has been determined, as described in (b) above, to be
inadequate to secure payment of the tax is not replaced with adequate security acceptable to DRS within 30 days after
notice of a determination has been mailed to me (us) by ordinary mail, DRS may sell, assign, transfer, withdraw, or
otherwise dispose of said security and apply the proceeds to any unpaid portion of the tax deferred by reason of the election
and any interest and penalties due thereon. The balance of such proceeds, if any, shall be paid to me (us).
The security described above is deposited with the understanding that: (1) in case no disposition is made thereof under the
terms of this agreement, such security will be returned to me (us) at such time as DRS determines it is no longer needed
as security by reason of the full or partial payment of the tax deferred as a result of the election under
Conn. Gen. Stat. §12-717(c)(4); and (2) any interest accruing on said security shall belong to me (us).
Signature of taxpayer
Date
Spouse’s signature (If joint return)
Form CT-12-717B Back (Rev. 12/06)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2