Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2012 Page 13
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56each installment. Therefore, you may owe interest for an earlier
Waiver of Penalty
installment even if you paid enough tax later to make up the
To make a waiver of penalty request, taxpayers must complete
underpayment. Interest at 1% per month or fraction of a month
and submit Form DRS-PW, Request for Waiver of Civil Penalty,
will be added to the tax due until the earlier of April 15, 2013,
to the Department of Revenue Services, Penalty Waiver Unit.
or the date on which the underpayment is paid.
Taxpayers may mail Form DRS-PW to the address listed below
or fax it to the Penalty Waiver Unit at 860-297-4797.
A taxpayer who fi les a 2012 Connecticut income tax return on or
before January 31, 2013, and pays in full the amount computed
Department of Revenue Services
on the return as payable on or before that date, will not be
Penalty Waiver Unit
charged interest for failing to make the estimated payment due
PO Box 5089
January 15, 2013.
Hartford CT 06102-5089
A farmer or fi sherman who is required to make estimated income
DRS will not consider a penalty waiver request unless it is
tax payments will not be charged interest for failing to make the
accompanied by a fully completed and properly executed Form
estimated payment due January 15, 2013, if he or she fi les a 2012
DRS-PW. For detailed information on the penalty waiver process,
Connecticut income tax return on or before March 1, 2013, and
see Policy Statement 2010(1), Requests for Waiver of Civil
pays in full the amount computed on the return as payable on or
Penalties.
before that date.
Refund Information
Filing Form CT-2210
There are two refund options available: Direct Deposit or Debit
You may be charged interest if your 2012 Connecticut income
Card. DRS recommends that taxpayers use direct deposit.
tax (after tax credits) minus Connecticut tax withheld is
$1,000 or more. Use Form CT-2210 to calculate interest on the
The fastest way to get your refund is to file your return
underpayment of estimated tax. Form CT-2210 and detailed
electronically and elect direct deposit. Paper fi lers may also
instructions are available from DRS. However, this is a complex
request to direct deposit a refund.
form and you may prefer to have DRS calculate the interest. If so,
For returns fi led on paper, you must allow 10 to 12 weeks from
do not fi le Form CT-2210 and DRS will send you a bill.
the date you mailed the return before checking on the status of
your refund. Your refund could be delayed if additional review
Interest and Penalties
is required.
In general, interest and penalty apply to any portion of the tax not
Option 1: Direct Deposit
paid on or before the original due date of the return.
To elect direct deposit complete Lines 27a through 27d. See
Interest
Line 27: Refund, on Page 18.
If you do not pay the tax when due, you will owe interest at 1%
Make your direct deposit successful by:
per month or fraction of a month until the tax is paid in full.
• Confi rming your account number and routing number with your
If you did not pay enough tax through withholding or estimated
fi nancial institution and entering them clearly on your tax return;
payments, or both, by any installment due date, you may be
• Entering the direct deposit information separately for both your
charged interest. This is true even if you are due a refund when you
federal and state electronically fi led returns; and
fi le your tax return. See Interest on Underpayment of Estimated
• Printing your software-prepared paper return only after you
Tax, on Page 12.
have entered the direct deposit information into the program.
Interest on underpayment or late payment of tax cannot be waived.
Some fi nancial institutions do not allow a joint refund to be
Penalty for Late Payment or Late Filing
deposited into an individual account.
The penalty for late payment or underpayment of income or use
Option 2: Debit Card
tax is 10% of the tax due. If a request for an extension of time to
fi le has been granted, you can avoid a penalty for failure to pay
Generally, if you do not elect direct deposit, DRS will issue
the full amount due by the original due date if you:
your refund by debit card. Debit cards provide taxpayers with
immediate access to their funds through:
• Pay at least 90% of the income tax shown to be due on the return
on or before the original due date of the return; and
• Free transfers to any U.S. checking or savings account;
• Pay the balance due with the return on or before the extended
• Free teller assisted withdrawals (cash advance) at any VISA
due date. If you fi le your return electronically and pay your
member bank or credit union;
balance due by check, then your check must be postmarked on
• Free cash withdrawals at Chase or People’s ATMs;
whichever is earlier: the date of acceptance of the electronic
• Three free cash withdrawals at other ATMs (Surcharges will
return or the extended due date.
apply at any ATMs other than Chase and People’s); and
If no tax is due, DRS may impose a $50 penalty for the late fi ling
• Unlimited free transactions at retail locations and online
of any return or report that is required by law to be fi led.
businesses across the United States that accept Visa.
Penalty for Failure to File
Joint fi lers will receive two debit cards drawn from the same
If you do not fi le your return and DRS fi les a return for you,
account (similar to a joint bank account). Each card may be used
the penalty for failure to fi le is 10% of the balance due or $50,
to make transactions, but the combined transactions cannot exceed
whichever is greater. If you are required to fi le Form CT-1040X,
the credit balance in the debit card account. Both cards must be
Amended Connecticut Income Tax Return for Individuals, and fail
activated prior to use.
to do so, a penalty may be imposed.
Page 13
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