Form 207f Instructions - Connecticut

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Form 207F Instructions
Who Must File
Employer-Assisted Housing Credit: A copy of documentation from
Each nonresident and foreign insurance company authorized to
the Connecticut Housing Finance Authority (CHFA) approving this
do an insurance business in Connecticut must file Form 207F.
credit must be filed with this return.
When to File
Housing Program Contribution Credit: A copy of the tax credit
Form 207F must be filed on or before March 1, 2001.
voucher issued by CHFA must be filed with this return.
Extension Requests
Child Day Care Credit Carryforward: A copy of the credit approval
To request an extension of time to file Form 207F, a company must
letter issued by the Commissioner of Social Services must
file Form 207/207F EXT, Application for Extension of Time to File
be filed with this return.
Insurance Premium Tax Return , and pay all the tax it expects to
owe on or before March 1, 2001.
Electronic Data Processing Equipment Property Tax Credit:
Who Must Pay Estimated Tax
A copy of Form CT-1120 EDPC, Electronic Data Processing Equip-
Each company whose expected liability is $1,000 or more must
ment Property Tax Credit , and the applicable property tax bill must
pay estimated tax. Refer to the general instructions on Forms
be filed with this return.
207F ESA, ESB, ESC, and ESD, Estimated Insurance Premiums
Connecticut Insurance Reinvestment Fund Credit: A copy of the
Estimated Tax Payment Coupons .
documentation from the Department of Economic and Community
Underpayment of Estimated Tax
development, a copy of CT-1120K, Business Tax Credit Summary,
Use Form 207 I, Underpayment of Estimated Tax, to calculate
and Form CT-IRF must be filed with this return.
interest on the underpayment of estimated tax. Attach Form 207 I
How to Get Forms, Information, and Assistance: To get additional
to this return.
forms or supporting schedules, visit our Web site at
or call 1-800-382-9463 (in-state) or
Retaliatory Statement
Summarize and attach schedules to support taxes and other
860-297-4753 (Voice mail available 24 hours)
obligations claimned on Line 8. Apply Connecticut data to your
Penalties
state’s forms for Fire Marshal, Franchise, Ocean Marine, Premium,
Late Payment Penalty: The penalty for late payment is 10% (.10)
and other taxes to determine amounts that a Connecticut
of the tax due or $50, whichever is greater.
insurance company would be required to pay in your state.
Late Filing Penalty: If no tax is due, the Commissioner of Revenue
Lines 8 and 9 include other taxes and assessments (net of tax
Services may impose a $50 penalty for failure to file any return that
offsets allowed). Do not include ad valorem taxes on real or
is required by law to be filed. A return must be filed even if no
personal property, personal income taxes, fees for agents’
additional tax is due.
licenses or special purpose assessments including, but not
Interest
limited to, workers compensation assessments and insurance
Interest accrues at the rate of 1% (.01) per month, or fraction of,
guaranty fund assessments.
from the original due date of the return through the date of payment.
Connecticut Business Tax Credits
Interest due on the underpayment of estimated tax is computed
To claim the following credits complete Form CT-1120K, Business
using Form 207 I, Underpayment of Estimated Tax.
Tax Credit Summary. For information about Connecticut business
Signature
tax credits, see Informational Publication 95 (2.1), Guide to
A principal officer of the company must sign this return.
Connecticut Corporation Business Tax Credits, and Special Notice
2000(15), Connecticut Corporation Business Tax Credits, 1999 - 2000
Paid Preparer Signature
Update .
A paid preparer must sign and date Form 207F. Paid preparers
Computer Donation Credit: Enter the amount approved by the
must also enter their Social Security Number (SSN) or Preparer
Commissioner of Revenue Services.
Tax Identification Number (PTIN), and their firm’s Federal
Employer Identification Number (FEIN) in the spaces provided.
Historic Homes Credit: Enter the allowable Historic Homes Credit
allowed by the Connecticut Historical Commission.
Where to File Return
Neighborhood Assistance Act Credit: A copy of documentation
Mail to: Department of Revenue Services
from the Department of Revenue Services approving the proposal
PO Box 2990
and stating the maximum credit allowable must be filed with this
Hartford CT 06104-2990
return.
DECLARATION: I declare under the penalties of false statement that I have examined this return and, to the best of my knowledge and belief, it
is true, complete, and correct. (The penalty for false statement is imprisonment not to exceed one year or a fine not to exceed two thousand dollars,
or both.) Declaration of preparer (other than the taxpayer) is based on all information of which preparer has any knowledge.
Signature of Principal Officer
Title
Date
Sign Here
Print Name of Principal Officer
Telephone Number
Keep a copy
(
)
of this return
Paid Preparer’s Signature
Date
SSN or PTIN
for your
records
<
Firm Name and Address
Federal Employer Identification Number
Form 207F Back (Rev. 12/00)

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