Form Ct-1065 - Connecticut Partnership Income Tax Return And Instructions

•

The partner waives the right to claim any

Taxable Year and Method of Accounting

Connecticut personal exemption and any

A partnership must use the same taxable year and method

Connecticut personal credit;

of accounting for Connecticut income tax purposes as

•

The partner does not have a Connecticut

it does for federal tax purposes.

alternative minimum tax liability for the taxable

If a partnership's taxable year or method of accounting

year; and

is changed for federal tax purposes, the same change

•

The partner elects to be included in

must be made for Connecticut income tax purposes.

Form CT-G by completing and delivering to

the partnership Form CT-2NA, Connecticut

What Information Must be Provided to

Nonresident Income Tax Agreement/Election

to be Included in a Group Return, prior to the

Partners

filing of Form CT-G by the partnership. By

On or before the date Form CT-1065 is filed, the

making the election, the partner expressly

partnership must provide each partner with

consents to personal jurisdiction in

information concerning the amount of that partner's

Connecticut for Connecticut income tax

distributive share of:

purposes and waives his or her right to

request, on his or her own behalf or with

•

Income, gain, loss, and deduction derived

others, an extension of time to pay

from or connected with sources within

Connecticut income tax.

Connecticut, and derived from or connected

with sources outside Connecticut; and

Form CT-G and Form CT-2NA are available from DRS.

See Forms and Publications on back cover.

•

Any Connecticut modifications that relate to

partnership items of income, gain, loss, or

Nonresident partners with Connecticut source income

deduction derived from or connected with

who do not qualify or who do not elect to be included

sources within Connecticut, and derived

on a group return must file Form CT-1040NR/PY.

from or connected with sources outside

Where to File

Connecticut.

Use the pre-addressed envelope enclosed with your

This information may be provided in the form of a

return or mail to:

statement attached to each partner's federal Form K-1.

If all the items of income, gain, loss, or deduction are

Department of Revenue Services

derived from or connected with sources within

PO Box 2935

Connecticut, it should be so stated.

Hartford CT 06104-2935

Amended Returns

Check the “Amended Return” box on the front of Form CT-1065 to amend a previously filed Form CT-1065.

Generally an amended return must be filed no later than three years after the due date of the return, or if a timely

request for an extension of time to file a return was filed, three years after the extended due date of the return, or

three years after the date of filing the return, whichever is earlier. If an amended return is not timely filed, a penalty

may be imposed. See Penalties. The following circumstances require the filing of an amended Form CT-1065:

1. The IRS or federal courts change or correct the

File no later than 90 days after the final determination,

partnership's federal income tax return, and the

even if the final determination reduces the partners'

change or correction affects the Connecticut

Connecticut income tax liability.

income tax liability of the partners.

2. The partnership files a timely amended federal

File no later than 90 days after the date of filing the

income tax return, and the amendment affects

timely amended federal income tax return, even if

the Connecticut income tax liability of the

the amendment reduces the partners' Connecticut

partners.

income tax liability.

3. If neither of the above circumstances apply, but

File no later than three years after the due date of the

the partnership made a mistake or omission on its

return, or, if a timely request for an extension of time to

Form CT-1065, and the mistake or omission affects

file the return was filed, three years after the date of

the Connecticut income tax liability of the partners.

filing the return, or three years after the extended due

date, whichever is earlier.

Page 7

Form Ct-1065 - Connecticut Partnership Income Tax Return And Instructions - 2003 Page 7

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