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

Line 6 - To compute the preference tax, subtract Line 5, Total

Enter the nine-digit bank routing number and the bank account

Combined Tax, from Line 1, Total Separate Taxes. If the amount

number in Lines 17d and 17e. The bank routing number is

is zero or less, enter “0.” If the amount is greater than zero, enter

normally the first nine-digit number printed on the check or

the amount up to a maximum of $500,000.

savings withdrawal slip. The bank account number generally

follows the bank routing number. Do not include the check

Line 8 - Multiply Line 7 by 30%. If the combined group has an

number as part of the account number. Bank account numbers

average monthly net employment gain of greater than zero as

can be up to 17 characters.

calculated on Form CT-1120 TCE, multiply Line 7 by 30% and

then subtract the amount from Form CT-1120 TCE, Line 16.

If any of the bank information supplied for direct deposit does

Line 9 - Multiply the number of included corporations by $250.

not match, or the applicable bank account is closed prior to the

deposit of the refund, the refund will automatically be mailed.

Line 12 - Enter the total tax credits applied from Schedule

Line 17f - Federal banking rules require DRS to request

KC, Combined Tax Credits, Part II, Line 11. Do not exceed the

information about foreign bank accounts when the taxpayer

amount on Line 11.

requests the direct deposit of a refund into a bank account. If

Line 14a - Enter the amount paid with Form CT-1120 EXT.

the refund is to be deposited into a bank account outside of the

Line 14b - Enter the amount(s) paid with Form CT-1120 ESA,

United States, DRS will mail the refund.

ESB, ESC, or ESD.

Part V - Connecticut Combined Operating Loss

Line 14c - Enter the amount of any overpayment from the

Carryover

prior year.

Lines 1 through 13 - Enter the amount of the combined

Line 14 - Add Lines 14a, 14b, and 14c.

Connecticut apportioned operating income (loss) carryover

from the preceding income years indicated as reported on

Line 16a - Enter penalty if applicable. See Interest and Penalties

Connecticut corporation business tax returns filed for those

in the instructions for Form CT-1120, Corporation Business

years. Net operating losses incurred in income years beginning

Tax Return.

on or after January 1, 2000, may be carried forward for

Line 16b - Enter interest due on tax not paid by the original

20 successive income years.

due date. See Interest and Penalties in the instructions for Form

Line 14 - Add Lines 1 through 13 in Column D and Column E,

CT-1120, Corporation Business Tax Return.

enter the total on Line 14, Column D and Column E. Enter the

Line 16c - Enter interest due on underpayment of estimated tax.

amount from Line 14, Column D on Part II, Computation of

Complete and attach Form CT-1120I.

Combined Net Income, Line 27, Combined Total column.

Line 16 - Add Lines 16a, 16b, and 16c.

Signature

Line 17a - Enter the amount of overpayment to be credited to

The return must be signed by a duly authorized officer.

2013 estimated tax.

Paid Preparer Signature

The overpayment will be treated as estimated tax paid on the

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

fifteenth day of the third month (March 15 for calendar year

preparers must also enter their Social Security Number (SSN)

filers), if the tax return is filed on time or if the tax return

or Preparer Tax Identification Number (PTIN) and their firm’s

is filed within the extension period if a timely request for

FEIN in the spaces provided.

extension was filed. A request to apply an overpayment to

Paid Preparer Authorization

the following income year is irrevocable. See IP 2012(10),

If the corporation wishes to allow DRS to contact the paid

Q&A on Estimated Corporation Business Tax and Worksheet

CT-1120AE.

preparer who signed the 2012 Combined Corporation Business

Tax Return, check the Yes box in the signature area of the

Line 17b - Enter the amount of overpayment to be refunded.

return. This authorization applies only to the individual whose

Lines 17c through 17e - Get the refund faster by choosing

signature appears in the Paid Preparer’s Signature section of

direct deposit. Complete lines 17c, 17d and 17e to have the

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

refund directly deposited into a checking or savings account.

section.

If the Yes box is checked, the corporation is authorizing DRS

Name of Depositor

No. 101

to call the paid preparer to answer any questions that may

Date

Street Address

arise during the processing of the 2012 Combined Corporation

City, State, Zip Code

Pay to the

Business Tax Return. The corporation is also authorizing the

Order of

paid preparer to:

• Give DRS any information that is missing from the return;

Name of your Bank

• Call DRS for information about the processing of the

Street Address

City, State, Zip Code

corporation’s return or the status of the corporation’s refund

092125789

091 025 025413

0101

or overpayment; and

Routing Number

Account Number

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

Page 6 of 7

Instructions For Form Ct-1120cr - Combined Corporation Business Tax Return - 2012 Page 6

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