Instructions For Connecticut S Corporation Information And Composite Income Tax Return Form Ct-1120si - 1999 Page 14
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30operations carried on in Connecticut if the employee
Part IV - S Corporation Shareholder
works in or travels out of an office or other place of
Information
business located in Connecticut.
Enter the name, address, Federal Employer Identification
Divide the Column B amount by the Column A amount.
Number or Social Security Number (whichever is
Carry the result to four decimal places and enter it in
applicable), percentage of stock ownership (enter as a
Column C.
decimal and carry to four places), and residence status
of all shareholders. Every shareholder whether an
Line 6 - Gross Income from Sales and Services
individual, trust or estate and whether resident or
Enter in Column A, total gross sales made and charges
nonresident must be listed. Assign each shareholder
for services performed by the S corporation or by its
a number, and list in sequential order.
employees, agents, agencies or independent contractors
If there are more than three nonresident shareholders,
of the business everywhere. Enter in Column B the
use the Supplemental Attachment to Form
portion of total gross sales or charges that represents
CT-1120SI, Part I, Schedule A, and Parts IV, V, and
the sales made, or services performed, by the
VI. The Supplemental Attachment is included in this
S corporation or by its employees, agents, agencies or
booklet.
independent contractors of the business in Connecticut.
This includes sales made or services performed by
Each shareholder must be assigned the same
employees, agents, agencies or independent contractors
“shareholder #” for Parts IV, V, and VI.
situated at, connected with, or sent out from offices of
Example: If Mary L. Smith is identified as
the business (or its agencies) located in Connecticut.
Shareholder #1 in Part IV, Mary L. Smith must also
be identified as Shareholder #1 in Parts V and VI. If
For example, if the sales territory of a salesperson
Mary L. Smith is a resident individual, so that no
working out of the Connecticut office of the business
information is entered in Part V with respect to her,
covers Connecticut, Massachusetts, and Rhode Island,
no entry would be made in Part V with respect to a
all sales made by such salesperson are to be allocated to
person identified as Shareholder #1.
Connecticut and included on Line 6, Column B.
Part V - Computation of Connecticut
Divide the Column B amount by the Column A amount.
Carry the result to four decimal places and enter it in
Source Income of Nonresident
Column C.
Shareholders
Line 7 - Total of Percentages
Each shareholder must be assigned the same
number for Parts IV, V, and VI.
In Column C, add Lines 4, 5, and 6 and enter the total on
Line 7, Column C.
Complete this part for all nonresident shareholders
whether or not included on the composite return.
Line 8 - Apportionment Fraction
S corporations carrying on business both within and
Divide Line 7 by three (or by the actual number of
outside Connecticut must apportion the amount of each
percentages if less than three). Carry the result to four
nonresident shareholder's pro rata share of items of
decimal places and enter it on Line 8, Column C.
income, gain, loss or deduction and the related
Connecticut modifications to arrive at the Connecticut
Part III - Business Information
source income reported in Part V.
The character of the income (loss) for Connecticut
Attach a schedule that lists the exact location of each
income tax purposes must mirror the character of
place where the S corporation carries on business.
Briefly describe each place (such as sales office, agency,
such income (loss) for federal income tax purposes.
factory). Briefly describe the activity at the location
Line 1 - Enter the Connecticut portion of each
shown (such as storage, administration, manufacturing).
nonresident shareholder's pro rata share of nonseparately
stated income or loss.
An S corporation that maintains books and records that
satisfactorily disclose the portion of its nonseparately
stated income or loss that is derived from or connected
Page 14
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