Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2013 Page 13

ADVERTISEMENT

Interest on Underpayment of Estimated Tax
• Free teller assisted cash withdrawals at any VISA member bank
or credit union;
You may be charged interest if you did not pay enough tax
• Free cash withdrawals at Chase or People’s ATMs;
through withholding or estimated payments, or both, by any
installment due date. This is true even if you are due a refund
• Three free cash withdrawals at other ATMs (Surcharges will
when you fi le your tax return. Interest is calculated separately for
apply at any ATMs other than Chase and People’s);
each installment. Therefore, you may owe interest for an earlier
• Unlimited free transactions at retail locations and online
installment even if you paid enough tax later to make up the
businesses across the United States that accept Visa; and
underpayment. Interest at 1% per month or fraction of a month
• Free transfers to any U.S. checking or savings account;
will be added to the tax due until the earlier of April 15, 2014,
Joint fi lers will receive two debit cards drawn from the same
or the date on which the underpayment is paid.
account (similar to a joint bank account). Each card may be used
A taxpayer who fi les a 2013 Connecticut income tax return on or
to make transactions, but the combined transactions cannot exceed
before January 31, 2014, and pays in full the amount computed
the credit balance in the debit card account. Both cards must be
on the return as payable on or before that date, will not be
activated prior to use.
charged interest for failing to make the estimated payment due
For more information on DRS tax refund debit cards, visit
January 15, 2014.
, select For Individuals, and select Debit Card FAQs.
A farmer or fi sherman who is required to make estimated income
tax payments will not be charged interest for failing to make the
Option 3: Paper Check
estimated payment due January 15, 2014, if he or she fi les a 2013
If you do not elect direct deposit or debit card, a refund check
Connecticut income tax return on or before March 1, 2014, and
will be issued and refund processing may be delayed.
pays in full the amount computed on the return as payable on or
Check the status of your refund using TSC by visiting
before that date.
or call 800-382-9463 (Connecticut calls
outside the Greater Hartford calling area only) or 860-297-5962 (from
Refund Information
anywhere). You must provide your SSN (and your spouse’s if fi ling
There are three refund options available: Direct Deposit; Debit
jointly) and the exact amount of the refund requested.
Card; or Paper Check. DRS recommends that taxpayers use
If DRS does not issue your refund on or before the ninetieth day
direct deposit.
after we receive your claim for refund, you may be entitled to
The fastest way to get your refund is to file your return
interest on your overpayment. Interest is computed at the rate of
electronically and elect direct deposit. Paper fi lers may also request
2
/
% for each month or fraction of a month between the ninetieth
3
to direct deposit a refund.
day following receipt of your properly completed claim for a
refund or the due date of your return, whichever is later, and the
For returns fi led on paper, you must allow 10 to 12 weeks from
date of notice that your refund is due.
the date you mailed the return before checking on the status of
your refund. Your refund could be delayed if additional review
Offset Against Debts
is required.
If you are due a refund, all or part of your overpayment may
Option 1: Direct Deposit
be used to pay outstanding debts or taxes. Your overpayment
will be applied in the following order: penalty and interest you
To elect direct deposit complete Lines 27a through 27c. See
owe; other taxes you owe DRS; debts to other Connecticut state
Line 27: Refund, on Page 18.
agencies; federal taxes you owe the IRS; taxes you owe to other
Make your direct deposit successful by:
states; amounts designated by you to be applied to your 2014
• Confi rming your account number and routing number with your
estimated tax; and charitable contributions designated by you.
fi nancial institution and entering them clearly on your tax return;
Any remaining balance will be refunded to you. If your refund
• Entering the direct deposit information separately for both your
is reduced, you will receive an explanation for the reduction.
federal and state electronically fi led returns; and
• Printing your software-prepared paper return only after you
Connecticut Lottery Winners Who Are
have entered the direct deposit information into the program.
Delinquent Taxpayers
Some fi nancial institutions do not allow a joint refund to be
DRS provides to the Connecticut Lottery Corporation a list of
deposited into an individual account.
delinquent taxpayers who have an unpaid tax liability. If you are a
Connecticut Lottery winner, the Connecticut Lottery Corporation
Option 2: Debit Card
will deduct and withhold from the lottery prize payment the
To elect to receive your refund as a debit card, complete Line 27e.
amount of your outstanding Connecticut tax liability.
See Debit Cards, on Page 18. Debit cards provide taxpayers with
immediate access to their funds through:
QRCs for websites, DRS publications, telephone numbers, and email addresses referenced on this page.
860-297-4797 Penalty Waiver
PS 2013(5)
DRS Website
DRS My Refund Website
800-382-9463 DRS
860-297-5962 DRS
Page 13

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial