Instructions For Connecticut S Corporation Information And Composite Income Tax Return Form Ct-1120si - 1999 Page 6
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30GENERAL INFORMATION
Where to Get Help
Tax Return, and, unless the shareholder's income tax is
remitted with Form CT-G, Connecticut Group Income
Assistance is available from 8:00 a.m. to 5:00 p.m.,
Tax Return, or with Form CT-1120SI, the shareholder's
Monday through Friday, by visiting any of the
income tax is remitted with the shareholder's income tax
Department’s offices listed on the back cover of this
return (Form CT-1040 or Form CT-1040NR/PY, if
booklet.
If you visit, be sure to bring your
the shareholder is an individual, or Form CT-1041, if
COMPLETED federal Form 1120S, US Income Tax
the shareholder is a trust or estate).
Return for S Corporations.
How Do Shareholders Report Their
Where to Get Additional Forms and
Income?
Publications
Resident Shareholders: S corporation income is
Connecticut tax forms and publications may be obtained
included in each resident shareholder’s federal adjusted
from any of the resources listed on the front and back
gross income and therefore, is included in income
covers of this booklet. However, copies of Connecticut
reported on such shareholder’s Form CT-1040,
S corporation information and composite income tax
Connecticut Resident Income Tax Return. The
forms are also available at most public libraries by
S corporation must provide each resident shareholder
photocopying them from the 1999 Connecticut Package
with a schedule of the amounts of Connecticut
X on file at the libraries. Forms may also be obtained by
modifications that each shareholder must include on
writing to:
Schedule 1 of his or her Form CT-1040.
A
DRS Forms Unit
Connecticut resident is an individual whose domicile is
25 Sigourney Street
in this state or an individual whose domicile is not in this
Hartford CT 06106-5032
state but who maintained a permanent place of abode in
Connecticut and spent more than 183 days in this state
or by calling 1-800-382-9463 (toll-free from within
during the taxable year.
Connecticut) and selecting Option 2; or 860-297-4753
(from anywhere). Both numbers are available 24 hours
Nonresident Shareholders: The S corporation must
a day.
provide each nonresident shareholder with a schedule
of amounts of S corporation income derived from or
connected with sources within Connecticut for inclusion
Who Must File Form CT-1120SI?
on Schedule CT-SI of each shareholder’s Form
CT-1040NR/PY, Connecticut Nonresident or Part-
Every S corporation carrying on business or having the
Year Resident Income Tax Return. Additionally, the
right to carry on business in Connecticut, as the term is
S corporation must provide each nonresident shareholder
used in Conn. Gen. Stat. §12-214, must file a return on
with a schedule of Connecticut modifications that each
Form CT-1120SI, Connecticut S Corporation
shareholder must include on Schedule 1 of his or her
Information and Composite Income Tax Return,
Form CT-1040NR/PY. Nonresidents, for purposes of
regardless of the amount of its income (or loss). Form
these instructions and forms, will include all individuals
CT-1120SI must be filed in addition to filing Form
and entities that are not residents.
CT-1120S, Connecticut S Corporation Business Tax
Return.
Income Derived from or Connected with
Connecticut Sources includes:
For its 1999 income year, an S corporation is subject to
Connecticut corporation business tax on 55% of its
1. Income attributable to the ownership of any
nonseparately stated S corporation income. The tax is
interest in real property or tangible personal
reported on Form CT-1120S filed by the S corporation.
property located in Connecticut and intangible
personal property to the extent it is used in a
A shareholder's pro rata share of S corporation income
business, trade, profession or occupation carried
is reported on Form CT-1120SI, Connecticut
on in Connecticut;
S Corporation Information and Composite Income
Page 6
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