Form Ct-1120u - Unitary Corporation Business Tax Return - 2011
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1
2
3Department of Revenue Services
Form CT-1120U
2011
State of Connecticut
Unitary Corporation Business Tax Return
(Rev. 12/11)
Enter Income Year Beginning ____________________, 2011, and Ending _____________________________________
Total assets
Parent or Designated CT Parent
Name of parent or designated Connecticut parent corporation
00
Connecticut Tax Registration Number
Gross receipts
Address
number and street
PO Box
00
DRS use only
NAICS code: See instructions.
–
– 20
City or town
State
ZIP code
Audited by
F
O
Federal Employer ID Number (FEIN)
Check All Applicable Boxes
1.
Address change 2. Unitary return status:
Final
Short period
3. Has any corporation within the group:
Dissolved
Withdrawn
Merged/Reorganized: Enter survivor’s CT Tax Reg # _______________________________
4. Is this the fi rst year this group is fi ling a unitary return?
Yes (Attach Form CT-1120Q and Form CT-1120CC.)
No
Visit the DRS Taxpayer
5. Does any nexus company pay, accrue, or incur interest expenses or intangible expenses, costs, and related
interest expenses to a related member?
Yes (Attach Form CT-1120AB.)
No
Service Center (TSC) at
6. Is the unitary group exchanging R & D tax credits?
Yes (Attach Form CT-1120 XCH.)
No
7. Did the unitary group annualize its estimated tax payments?
Yes (Attach Form CT-1120I.)
No
to pay this
8. Is any corporation fi ling Form CT-1120 PIC?
Yes (Attach Form CT-1120 PIC.)
No
return electronically.
9. Did this unitary group have an average monthly net employment gain as calculated on Form CT-1120 TCE?
Yes
No
Minimum Tax Calculation
1
1. Enter the total number of corporations included in this unitary return. .................................................
2
2. Minimum tax: Multiply Line 1 by $250. ..................................................................................................
00
– Attach a Complete Copy of Form 1120 Including all Schedules as Filed With the Internal Revenue Service –
Schedule A – Computation of Tax on Net Income
1
1. Net income from Schedule D, Line 22 ..................................................................................................
00
2
2. Apportionment fraction from Form CT-1120A, Schedule R .................................................................
0.
3
3. Connecticut net income: Multiply Line 1 by Line 2. ...............................................................................
00
4
4. Operating loss carryover: See instructions. ..........................................................................................
00
5
5. Income subject to tax: Subtract Line 4 from Line 3. ..............................................................................
00
6
6. Tax: Multiply Line 5 by 7.5% (.075). ......................................................................................................
00
Schedule B – Computation of Minimum Tax on Capital
1
1. Minimum tax base from Schedule E, Line 6, Column C .......................................................................
00
2
2. Apportionment fraction from Form CT-1120A, Schedule S ..................................................................
0.
3
3. Multiply Line 1 by Line 2. ......................................................................................................................
00
4
4. Number of months covered by this return .............................................................................................
5
5. Multiply Line 3 by Line 4. Divide the result by 12. ................................................................................
00
6
6. Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031. ..................................................................
00
Schedule C – Computation of Amount Payable
1a
1a.
Tax: Enter the greater of Schedule A, Line 6; Schedule B, Line 6; or the minimum tax calculation. ....
00
1b
Surtax: If Line 1a is the minimum tax calculation, enter “0.” Otherwise, multiply Line 1a by 10% (.10).
00
1b.
1c
1c. Recapture of tax credits: See instructions. ...........................................................................................
00
1. Total tax: Enter the total of Lines 1a through 1c. If no tax credits claimed, also enter on Line 6. ......
1
00
2
2. Multiply Line 1 by 30% (0.30). If Line 9 above is Yes, see instructions. ...............................................
00
3
3. Enter the greater of Line 2 or minimum tax. ..........................................................................................
00
4
4. Tax credit limitation: Subtract Line 3 from Line 1. .................................................................................
00
5
5. Tax credits from Form CT-1120K, Part II, Line 11. See instructions. Do not exceed amount on Line 4.
00
6
6. Balance of tax payable: Subtract Line 5 from Line 1.
00
.................................................................................
7a. Paid with application for extension from Form CT-1120 EXT .........................................................................
7a
00
00
7b. Paid with estimates from Forms CT-1120 ESA, ESB, ESC, & ESD ..............................................................
7b
00
7c. Overpayment from prior year ..........................................................................................................................
7c
7
7. Tax payments: Enter the total of Lines 7a, 7b, and 7c. ...................................................................................
00
8
8. Balance of tax due (overpaid): Subtract Line 7 from Line 6. .........................................................................
00
9. Add: Penalty
(9a) __________ Interest
.00
(9b) ___________ CT-1120I Interest
.00
(9c) _____________
.00
9
00
10. Amount to be credited to 2012 estimated tax
(10a) _______________ Refunded
.00
(10b) _______________
.00
10
00
For faster refund, use Direct Deposit by completing Lines 10c, 10d, and 10e.
10c. Checking
Savings
10d. Routing number
10e. Account number
10f. Will this refund go to a bank account outside the U.S.?
Yes
11
11. Balance due with this return: Add Line 8 and Line 9. ..............................................................................
00
For a faster refund, choose direct deposit (Lines 10c - 10e).
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