Form Ct-1120x - Amended Corporation Business Tax Return

Form CT-1120X

Department of Revenue Services

2008

State of Connecticut

Amended Corporation Business Tax Return

(Rev. 12/08)

Enter income year

beginning

___________________________, 2008, and ending

________________________ , _________

DRS use only

Corporation name

Connecticut Tax Registration Number

Audited by

Address

number and street

PO Box

DRS use only

–

– 20

Initial:

City or town

State

ZIP code

Federal Employer ID Number (FEIN)

Check and Complete All Applicable Boxes

Is this return currently under Connecticut audit?

Yes

Connecticut return being amended:

CT-1120

CT-1120U

Reason for amended return: (Check one)

Federal 1120X (Attach copy.)

IRS adjustments (Attach copy of IRS notiﬁ cation and enter date of ﬁ nal determination.) __________

Connecticut corporation business tax credits

Connecticut apportionment change

Connecticut net operating loss

Other (Specify) ____________________________________

Column A

Column B

Column C

Amount as Originally

Net Change

Correct Amount

Schedule A

– Computation of Tax on Net Income

Reported or Adjusted

Increase or (Decrease)

1. Net income from Schedule D, Line 18

If 100% Connecticut, also enter on Line 3. ............................ 1.

2. Apportionment fraction: Carry to six places. See instructions. ... 2.

3. Connecticut net income: Multiply Line 1 by Line 2. .................... 3.

4. Operating loss carryover from Form CT-1120 ATT, Schedule H,

Line 14, Column D)...................................................................... 4.

5. Income subject to tax: Subtract Line 4 from Line 3. ................... 5.

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

Schedule B

– Computation of Minimum Tax on Capital

1. Minimum tax base from Form CT-1120 or CT-1120U, Schedule E,

Line 6, Column C) If 100% Connecticut, also enter on Line 3.

2. Apportionment fraction: Carry to six places. See instructions. . 2.

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

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

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

6. Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031. . ....... 6.

Schedule C

– Computation of Amount Payable

1a. Tax: Greater of Schedule A, Line 6; Schedule B, Line 6;

or $250 ..................................................................................... 1a.

1b. Reserved for future use ........................................................... 1b.

1c. Recapture of tax credits: See instructions. ............................. 1c.

1. Total tax: Enter the total of Lines 1a and 1c. 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 from Form CT-1120K, Part II, Line 11

Do not exceed amount on Line 4. ........................................

6. Balance of tax payable: Subtract Line 5 from Line 1. .............

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

7a.

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

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

7d. Amount paid with original return plus additional tax paid after

original return was ﬁ led ............................................................ 7d.

7. Tax payments: Enter the total of Lines 7a through 7d. ..........

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

9a. Penalty ..................................................................................... 9a.

9b. Interest ..................................................................................... 9b.

9c. CT-1120I interest ..................................................................... 9c.

9. Penalty and interest: Add Lines 9a, 9b, and 9c. ......................

10. Overpayment originally credited to 2009 estimated tax or refunded 10.

11. Balance due: Add Lines 8, 9, and 10. .................................... 11.

12a. Amount to be credited to 2009 estimated tax ...................................................................................................... 12a.

12b. Amount to be refunded ........................................................................................................................................ 12b.

Form Ct-1120x - Amended Corporation Business Tax Return - 2008

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