Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2012 Page 15
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56If the taxpayer was issued a certification letter by DECD,
The credit must be claimed in the taxable year in which the
prior to January 1, 2013 to receive a qualifi ed small business
investment is made. Any tax credit claimed but not applied
rehabilitation tax credit, the provisions of the qualifi ed small
against the income tax liability may be carried forward for the
business rehabilitation tax credit will apply for the duration of
fi ve immediately succeeding taxable years until the full credit
the certifi cation.
has been applied. The credit is not transferable. The tax credit is
administered by Connecticut Innovations, Inc.
See Special Notice 2012(6), 2012 Legislative Changes
Aff ecting the Income Tax.
Economic Nexus
2009 legislation established economic nexus as the basis for
Angel Investor Tax Credit
determining whether nonresident partners or members of a
This tax credit is available to angel investors making a cash
partnership or S corporation are subject to Connecticut income
investment of not less than $25,000 in the qualifi ed securities of
tax on income derived from or connected with sources within the
a Connecticut business. The credit is applicable to taxable years
state. A partnership or S corporation has “substantial economic
beginning on or after January 1, 2010. However, tax credits cannot
presence” in Connecticut if it purposefully directs business
be reserved for any investments made on or after July 1, 2014.
towards the state. Its purpose can be determined by such measures
The allowable credit is 25% of the cash investment, cannot exceed
as the frequency, quantity, and systematic nature of its economic
$250,000, cannot exceed the amount of the income tax imposed
contact with the state. See Special Notice 2010(29), Q&A on
under Chapter 229 of the Connecticut General Statutes for the
Economic Nexus.
taxable year, and cannot be used against the withholding tax
liability imposed by Conn. Gen. Stat. §12-707.
Completing Form CT-1040NR/PY
• If you are both nonresidents of Connecticut and only one of
Before you begin, gather all your records, including all your
you has income derived from or connected with sources within
federal W-2 and 1099 forms. Use this information to complete
Connecticut, only that spouse is required to fi le a Connecticut
your federal income tax return. The information on your federal
income tax return and that spouse’s Connecticut income tax
return is needed to complete your Connecticut return. Complete
fi ling status is fi ling separately for Connecticut only unless
the return in blue or black ink only.
you both elect to fi le a joint Connecticut income tax return. If
1
Taxpayer Information
an election is made, fi ling jointly for federal and Connecticut
is your Connecticut income tax fi ling status.
Filing Status - Check only one box.
Filing Jointly for Connecticut Only: This is your Connecticut
Check the appropriate box to indicate your fi ling status.
income tax fi ling status if you are in a same-sex marriage and
Generally, your fi ling status for Connecticut income tax purposes
have elected to fi le a joint Connecticut income tax return except
must match your federal income tax fi ling status for the year
as noted below:
except as otherwise noted.
• If you are a resident or nonresident of Connecticut and your
Spouses in a same-sex marriage must use fi ling jointly for
spouse is a part-year resident of Connecticut, fi ling separately
Connecticut only or fi ling separately for Connecticut only.
for Connecticut only is your Connecticut income tax fi ling
They may not use single or, if applicable, head of household
status.
(although this will be their fi ling status for federal income tax
• If you are both part-year residents of Connecticut but do not have
purposes).
the same period of residency, fi ling separately for Connecticut only
Filing Jointly for Federal and Connecticut: This is your
is your Connecticut income tax fi ling status.
Connecticut income tax fi ling status if your fi ling status for federal
• If you are both part-year residents of Connecticut and have
income tax purposes is married fi ling jointly except as noted below.
the same period of residency, you may choose fi ling jointly for
• If you are a resident or nonresident of Connecticut and your
Connecticut only or fi ling separately for Connecticut only as
spouse is a part-year resident of Connecticut, fi ling separately
your Connecticut income tax fi ling status.
for Connecticut only is your Connecticut income tax fi ling
• If you are a resident of Connecticut and your spouse is a
status.
nonresident of Connecticut, fi ling separately for Connecticut
• If you are both part-year residents of Connecticut but do
only is your Connecticut income tax fi ling status unless you
not have the same period of residency, fi ling separately for
both elect to be treated as residents of Connecticut for the entire
Connecticut only is your Connecticut income tax fi ling status.
taxable year and to fi le a joint Connecticut income tax return. If
an election is made, fi ling jointly for Connecticut only is your
• If you are both part-year residents of Connecticut and have
Connecticut income tax fi ling status.
the same period of residency, fi ling jointly for federal and
• If you are both nonresidents of Connecticut and only one of
Connecticut is your Connecticut income tax fi ling status.
you has income derived from or connected with sources within
• If you are a resident of Connecticut and your spouse is a
Connecticut, only that spouse is required to fi le a Connecticut
nonresident of Connecticut, fi ling separately for Connecticut
income tax return and that spouse’s Connecticut income tax
only is your Connecticut income tax fi ling status unless you
fi ling status is fi ling separately for Connecticut only, unless
both elect to be treated as residents of Connecticut for the entire
you both elect to fi le a joint Connecticut income tax return. If
taxable year and to fi le a joint Connecticut income tax return.
an election is made, fi ling jointly for Connecticut only is your
If an election is made, fi ling jointly for federal and Connecticut
Connecticut income tax fi ling status.
is your Connecticut income tax fi ling status.
Page 15
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Ct-1040nr/py - Connecticut Nonresident Or Part-year Resident Income Tax Return - 2004
Financial
Form Ct-1040 Nr/py - Connecticut Nonresident And Part-year Resident Income Tax Return And Instructions - 2013
Financial
Form Ct-1040 Nr/py - Connecticut Nonresident And Part-year Resident Income Tax Return And Instructions - 2011
Financial
Related Categories
Parent category: Financial