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

Partners that are S corporations, partnerships, LLCs that

Waiver of Penalty

are treated as partnerships for federal purposes, trusts,

You may be able to have the penalty waived if the failure

or estates, must be provided with a schedule of the

to file on time was due to a reasonable cause and was

partnership's income, gain, loss, or deduction derived

not intentional or due to neglect. Before a penalty waiver

from or connected with sources within Connecticut so

can be granted, all tax must be paid. All requests must

that they may properly inform their own shareholders,

include:

partners, or beneficiaries who may be nonresidents of

•

A clear and complete written explanation;

Connecticut, of any amounts taxable to them for

Connecticut income tax purposes. For example, a

•

The partnership name, Connecticut Tax

resident partner that is a partnership may have one or

Registration Number, and Federal Employer

more nonresident partners who need to know about their

Identification Number (if applicable);

distributive share of any income, gain, loss, or deduction

•

The name of the original form filed or billing

derived from or connected with sources within

notice received;

Connecticut.

•

The taxable filing period; and

•

Documentation supporting the explanation.

Extension Request

Attach the request to the front of the tax return or mail

To get an extension of time to file Form CT-1065, the

separately to:

partnership must file Form CT-1065 EXT, Application

Department of Revenue Services

for Extension of Time to File Connecticut Partnership

Penalty Review Committee

Income Tax Return, no later than the fifteenth day of the

PO Box 5089

fourth month following the close of the taxable period.

Hartford CT 06102-5089

The timely filing of this form will automatically extend

the due date for six months, only if federal Form 8736,

Application for Automatic Extension of Time to File U.S.

Recordkeeping

Return for a Partnership, REMIC, or for Certain Trusts,

Make a copy of the tax return, worksheets used, and

has been filed with the Internal Revenue Service (IRS).

records of all items appearing on the return until the

If federal Form 8736 was not filed, a six-month

statute of limitations expires for that return. Usually,

extension of time to file will be granted for reasonable

this is three years from the date the return was due or

cause.

filed, whichever is later. This information may be needed

If a taxpayer is unable to request an extension because

to prepare future returns or to file amended returns.

of illness, absence, or other good cause, any person

standing in a close personal or business relationship to

the taxpayer (including an attorney, accountant, or

Copies of Returns

enrolled agent) may file the request on the taxpayer's

A copy of a previously filed Connecticut income tax

behalf. This person is considered a duly authorized

return may be requested from DRS by completing Form

agent for this purpose.

LGL-002, Request for Disclosure of Tax Return or Tax

Return Information. You can usually expect your copy

Penalties

in three weeks.

Penalty for Late Filing

The Commissioner of Revenue Services may impose a

$50 penalty for the late filing of any return or report that

is required by law to be filed.

Penalty for Failure to File

If the partnership does not file its return and the

Commissioner of Revenue Services files a return for it,

the penalty for failure to file is $50. If the partnership

was required to file an amended Form CT-1065 and

failed to do so, the partnership may be subject to a

penalty.

Page 8

Form Ct-1065 - Connecticut Partnership Income Tax Return And Instructions - 2003 Page 8

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