Instructions For Form Ct-1120cr - Combined Corporation Business Tax Return

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Line Instructions

Mergers and Reorganizations

A corporation that has merged must file a written application

Enter the beginning and ending dates of the parent or designated

with the Connecticut Office of the Secretary of the State.

Connecticut parent corporation’s income year regardless of

Any corporation that has merged must be included in Form

whether the corporation is a calendar year or fiscal year filer.

CT-1120CR up to the date of merger and pay any tax due.

Also enter the corporation’s Connecticut Tax Registration

Number and Federal Employer Identification Number (FEIN).

For further information about withdrawal from the state, mergers

and reorganizations, or dissolutions, contact the Connecticut

Check and Complete Applicable Boxes

Office of the Secretary of the State at 860-509-6000.

1. Address Change - Check the address change box, and file

Any corporation that is reorganized must submit the details

Form CT-8822C, Corporation Business Tax Change of Address

concerning the reorganization in writing and disclose the

(available on the DRS website). If the address change box is

survivor’s Connecticut Tax Registration Number. Mail to:

checked, a completed Form CT-8822C must be attached to Form

Department of Revenue Services

CT-1120CR.

State of Connecticut

2. Return Status - Check the corresponding box to indicate

PO Box 2937

the type of combined return being filed.

Hartford CT 06104-2937

If this is the first time the corporation is filing Form CT-1120CR,

4. Type of Federal Return Filed - Check the box if the federal

check the Initial box and attach Form CT-1120CC.

return was filed on a consolidated basis. If the Consolidated

If the corporation is legally dissolved or withdrawn, check the

Basis box is checked, enter the parent company’s name and

Final box and complete Line 3.

FEIN.

If the corporation is filing a short period return, check the Short

5. Exchange of Research and Development Tax Credits -

period box.

Check the Yes box if any included corporation is exchanging

Research and Development tax credits available under Conn.

If the corporation is filing an amended return, check the

Gen. Stat. §§12-217j or 12-217n, for a credit refund equal to

Amended box.

65% of the value of the credit, subject to certain limitations.

3. Final Return - If the parent or designated Connecticut

Attach Form CT-1120RC, Research and Experimental

parent corporation is filing a final combined return, check the

Expenditures Credit, or Form CT-1120 RDC, Research and

corresponding box providing the reason for the final return:

Development Credit, and Form CT-1120 XCH, Application

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Dissolution

for Exchange of Research and Development or Research and

To properly dissolve a domestic corporation you must file

Experimental Expenditures Tax Credits by a Qualified Small

a Certificate of Dissolution with the Connecticut Office of

Business.

the Secretary of the State. A dissolved corporation must

6. Annualization - Check the corresponding box if the

file a return for the period up to the date of legal dissolution

combined group is using the annualized installment method

or the date of the final liquidation of assets, whichever is

to calculate its estimated tax payments. Complete Form

later.

CT-1120I, Computation of Interest Due on Underpayment of

Any dissolved corporation that continues to conduct

Estimated Tax, and attach it to Form CT-1120CR.

business must be included in Form CT-1120CR and pay

See Informational Publication 2012(10), Q & A on Estimated

any taxes due.

Corporation Business Tax and Worksheet CT-1120AE.

If a corporation has been dissolved by forfeiture and wishes

7. Interest or Intangible Expense Add Back - Check the Yes

to be reinstated, it must submit a written request for a tax

box if any corporation pays, accrues, or incurs interest expenses

clearance to:

or intangible expenses, costs, and related interest expenses to a

Department of Revenue Services

related member. Attach Form CT-1120AB, Summary of Add

Corporation Tax Audit Unit

Back and Exceptions to Add Back of Interest and Intangible

25 Sigourney St Ste 2

Expenses.

Hartford CT 06106-5032

8. Passive Investment Companies - Check the corresponding

The tax clearance and certificate of reinstatement must be

box if any included corporation is filing Form CT-1120 PIC,

filed with the Connecticut Office of the Secretary of the

Information Return for Passive Investment Companies. If the

State.

Yes box is checked, Form CT-1120 PIC must be attached. A

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Withdrawal From State

passive investment company must be related to a financial

A foreign corporation that wishes to withdraw from

services company or to an insurance company. Passive

Connecticut must file a written application for withdrawal

investment companies are exempt from the corporation business

with the Connecticut Office of the Secretary of the State.

tax, but must file Form CT-1120 PIC.

Any corporation that has withdrawn must be included in

Form CT-1120CR up to the date of withdrawal and pay any

taxes due.

Form CT-1120CR Instructions (Rev. 01/13)

Page 3 of 7

Instructions For Form Ct-1120cr - Combined Corporation Business Tax Return - 2012 Page 3

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