Form Ct-1120 - Corporation Business Tax Return

Form CT-1120

2002

STATE OF CONNECTICUT

Corporation Business Tax Return

DEPARTMENT OF REVENUE SERVICES

(Rev. 12/02) AC

Enter Income Year Beginning ____________________, 2002, and

Ending _______________________, ______

Total Assets

Connecticut Tax Registration Number

Gross Receipts

DRS USE ONLY

–

– 20

NAICS Code (see instructions)

Federal Employer ID Number

Audited By

CHECK AND COMPLETE ALL APPLICABLE BOXES

5. Federal return was filed on:

1. Change of:

3. If this is a short period,

4. If this is a final return, has the corporation:

2. Return Status:

check the corresponding

1120

1120A

1120H

Closing

Dissolved

Withdrawn

Initial Return

box:

Month

Other: ____________________

Merged/Reorganized

Final Return

(Enter survivor’s

Merger

Address

Connecticut Tax Registration Number)

Consolidated Basis:

Short Period

Acquisition

Parent Co. Name

_______________

Return

Change of Filing Status

Parent Co. FEIN

________________

6. Is this corporation exchanging R & D tax credits?

Yes (Attach Form CT-1120 XCH)

7. Was this company included in a Connecticut combined business tax return for the previous year?

Yes

(If this is the first year electing or revoking combined status, attach Form CT-1120CC or Form CT-1120CC-R)

8. Is this company included in a Connecticut combined business tax return?

Yes (Complete Form CT-1120CR)

9. Is the principal place of business located in Connecticut?

Yes

If “No,” enter state where principal place of business is

located ________________________________ State of incorporation __________ Date of organization ___________

Date qualified in Connecticut _______________ Date business began in Connecticut ___________________________

10. Is this corporation exempt from Connecticut corporation business tax?

Yes

(Attach explanation of exemption including statutory cite)

Yes (Attach Form CT-1120 I )

11. Is this corporation annualizing its income?

– 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. Net income ( Schedule D, Line 13) (If 100% Connecticut, enter also on Line 3) ......................................

2. Apportionment fraction (Carry to six places. See instructions.) .....................................................................

3. Connecticut net income (Multiply Line 1 by Line 2) ...........................................................................................

4. Operating loss carryover (Form CT-1120 ATT, Schedule H , Line 6, Column A) ..........................................

5. Income subject to tax (Subtract Line 4 from Line 3) .........................................................................................

6. TAX: Multiply Line 5 by 7.5% (.075) ..................................................................................................................

– – – – – COMPUTATION OF MINIMUM TAX ON CAPITAL

SCHEDULE B

1. Minimum tax base ( Schedule E , Line 6, Column C) (If 100% Connecticut, enter also on Line 3) ............

2. Apportionment fraction (Carry to six places. See instructions.) .....................................................................

3. Multiply Line 1 by Line 2 .....................................................................................................................................

4. Number of months covered by this return ........................................................................................................

5. Multiply Line 3 by Line 4, divide the result by 12 ...............................................................................................

6. TAX: (3 and 1/10 mills per dollar) Multiply Line 5 by .0031. (Maximum tax for Sch. B is $1,000,000) ............

( MINIMUM TAX $250 )

– – – – – COMPUTATION OF AMOUNT PAYABLE

SCHEDULE C

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

Tax (Larger of Schedule A , Line 6; Schedule B , Line 6; or $250) .....................

1a.

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

1b.

Recapture of Tax Credits (See instructions) ................................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

1. TOTAL TAX (Enter the total of Line 1a and Line 1b. If no tax credits claimed, enter also on Line 6.) ................

2. Multiply Line 1 by 30% (0.30) ...........................................................................................................................

3. Enter the greater of Line 2 or $250 ..................................................................................................................

4. Tax Credit Limitation (Subtract Line 3 from Line 1) ..........................................................................................

5. Tax Credits (Form CT-1120K, Part II, Line 14. Do not exceed amount on Line 4.) ...............................

6. Balance of tax payable (Subtract Line 5 from Line 1) ...................................................................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

7a. Paid with application for extension (Form CT-1120 EXT) ..............................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

7b. Paid with estimates (Forms CT-1120 ESA, ESB, ESC, & ESD) ......................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

7c. Overpayment from prior year ..........................................................................

7 c

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6

7. TAX PAYMENTS (Enter the total of Lines 7a, 7b, and 7c) .............................................................................

8. Balance of tax due (overpaid) (Subtract Line 7 from Line 6) ..........................................................................

9. Add Penalty

(9a) __________ Interest

(9b) __________ CT-1120I Interest

(9c) ____________

10. Amount to be credited to 2003 estimated tax

(10a) ___________ Refunded

(10b) ______________

11. Balance due with this return (Add Line 8 and Line 9) ..............................................................................

Make check payable to: Commissioner of Revenue Services

Check if you do not want a booklet sent

(Attach check to return with paper clip. Do not staple.)

to you next year. (Checking this box

Mail to:

Department of Revenue Services

does not relieve you of your

responsibility to file.)

PO Box 2974, Hartford CT 06104-2974

Form Ct-1120 - Corporation Business Tax Return - 2002

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