Form Ct-1120u - Unitary Corporation Business Tax Return Instructions

Line 5 - Enter the total holdings of stock in Column A and Column B.

The unitary group is not authorizing the paid preparer to receive any

Enter the average of Column A and Column B on Line 5, Column C.

refund check, bind the unitary group to anything (including additional

tax liability), or otherwise represent the unitary group before DRS.

Attach a schedule that lists the beginning and ending book values

The authorization cannot be revoked. However, the authorization

of total holdings of stock of private corporations, including treasury

will automatically end no later than the due date (without regard

stock. The total book value of shares must equal the amount claimed

to extensions) for filing the next Unitary Corporation Business Tax

as a deduction on Schedule E, Line 5. The book value of stock does

Return. This is on or before the first day of the month following the

not include the value of other assets acquired and held in connection

due date of the unitary group’s corresponding federal income tax

with or incidental to the ownership of such stock.

return for the income year (April 1 for calendar year filers).

Private corporations means all non-governmental corporations,

Schedule of Corporations Included in the Unitary Return

whether closely or publicly held.

Enter the corporation name, Connecticut Tax Registration Number,

Line 6 - Subtract Line 5, Column C, from Line 4, Column C. Enter

and FEIN for each company included in this unitary return. Check the

the result here and on Form CT-1120U, Schedule B, Line 1.

corresponding column if the company has nexus with Connecticut.

Schedule F - Taxes

A Connecticut Tax Registration Number must be included for parent

and all affiliates, if applicable. Attach a schedule if additional lines

Conn. Gen. Stat. §12-217 disallows any deduction for the

are needed.

Connecticut corporation business tax and any deduction for taxes

imposed on or measured by income or profits by any state, political

For Further Information

subdivision, or the District of Columbia.

Call DRS during business hours, Monday through Friday:

Line 1 - Enter the amount of Connecticut corporation business tax

•

1-800-382-9463 (Connecticut calls outside the Greater

deducted in arriving at federal taxable income.

Hartford calling area only), or

Line 2 - Enter the total of all payroll taxes, real property taxes,

•

860-297-5962 (from anywhere).

personal property taxes, and any other tax not based on income or

TTY, TDD, and Text Telephone users only may transmit inquiries

profits, deducted in arriving at federal taxable income.

anytime by calling 860-297-4911.

Line 3 - Enter any corporate tax imposed on or measured by

Forms and Publications

income or profits by any state (other than Connecticut) or political

Visit the DRS website at to download and print

subdivision, or the District of Columbia, deducted in the computation

Connecticut tax forms and publications.

of federal taxable income.

Line 4 - Add the amounts on Line 1 and Line 3. Enter the total here

and on Schedule D, Line 3.

Signature

The unitary return must be signed by a duly authorized officer.

Paid Preparer Signature

A paid preparer must sign and date Form CT-1120U. Paid preparers

must also enter their Social Security Number (SSN) or Preparer Tax

Identification Number (PTIN) and their firm’s FEIN in the spaces

provided.

Paid Preparer Authorization

If the unitary group wants to authorize DRS to contact the paid

preparer who signed the 2013 Unitary Corporation Business Tax

Return to discuss it, check the Yes box in the signature area of

the return. This authorization applies only to the individual whose

signature appears in the paid preparer’s signature section of the

unitary return. It does not apply to the firm, if any, shown in that

section.

If the Yes box is checked, the unitary group is authorizing DRS to

call the paid preparer to answer any questions that may arise during

the processing of the 2013 Unitary Corporation Business Tax Return.

The unitary group is also authorizing the paid preparer to:

•

Give DRS any information that is missing from the unitary

return;

•

Call DRS for information about the processing of the unitary

group’s return or the status of the unitary group’s refund or

payment; and

•

Respond to certain DRS notices that the unitary group may

have shared with the preparer regarding math errors, offsets,

and return preparation. The notices will not be sent to the

preparer.

Form CT-1120U Instructions (Rev. 12/13)

Page 6 of 6

Form Ct-1120u - Unitary Corporation Business Tax Return Instructions - 2013 Page 6

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