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Instructions For Form Ct-1120s Ext - Application For Extension Of Time To File S Corporation Business Tax Return - 1998

1998 FORM CT-1120S EXT INSTRUCTIONS

Purpose: Use Form CT-1120S EXT, Application for

Interest will be assessed at the rate of 1% per month or

Extension of Time to File S Corporation Business Tax

fraction thereof on any underpayment of tax computed

Return, to request a six-month extension to file Form CT-

from the fifteenth day of the fourth month following the

1120S, S Corporation Business Tax Return . It is not

close of the income year. The penalty for underpayment

necessary to include a reason for the Connecticut

of tax is 10% (.10) or $50, whichever is greater. In the

extension request if an extension on federal Form 7004

event that no tax is due, the Commissioner of Revenue

was already filed with the Internal Revenue Service.

Services may impose a $50 penalty for the late filing of

any return or report that is required by law to be filed.

If federal Form 7004 was not filed, the S corporation can

apply for a six-month extension to file Form CT-1120S,

When To File Form CT-1120S EXT: File Form

Connecticut S Corporation Business Tax Return provided

CT-1120S EXT on or before the fifteenth day of the fourth

there is reasonable cause for the request.

month following the close of the income year (April 15 for

calendar year taxpayers). If the due date falls on a

This extension is not an extension to file Form

Saturday, Sunday or legal holiday, the next business

CT-1120SI, S Corporation Information and Composite

day will be the due date.

Income Tax Return . Form CT-1120SI EXT is used for

that purpose.

Mail to:

State of Connecticut

Department of Revenue Services

The Department of Revenue Services will notify the

P O Box 150406

S corporation only if the request for extension is denied.

Hartford CT 06115-0406

To obtain a Connecticut filing extension the

Required Information – Enter the beginning and ending

S corporation MUST:

dates of the S corporation’s income year, corporate name,

address, Connecticut Tax Registration Number and

1. Complete Form CT-1120S EXT in its entirety,

Federal Employer Identification Number.

including all tax credits;

2. File it by the fifteenth day of the fourth month

Signature – This form must be signed by an officer of the

following the close of the income year; and

S corporation.

3. Pay the amount shown on the front page, Line 3.

Others Who Can Sign – Anyone (including attorneys,

NOTE: Form CT-1120S EXT only extends the time to

accountants and enrolled agents) with a signed Power of

file the Connecticut S Corporation Business Tax

Attorney on file can sign for the S corporation in place of a

Return. Form CT-1120S EXT does not extend

corporate officer.

the time to pay the amount of tax due.

Instructions For Form Ct-1120s Ext - Application For Extension Of Time To File S Corporation Business Tax Return - 1998

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