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

Any dissolved corporation that continues to conduct business

9. Check this box if the unitary group has an average monthly

must be included in Form CT-1120U and pay any taxes due. If

net employment gain of greater than zero as calculated on Form

a corporation has been dissolved by forfeiture and wishes to be

CT-1120 TCE, Tax Credit Cap Expansion. See Schedule C –

reinstated, it must submit a written request for a tax clearance

Computation of Amount Payable, Line 2 on page 5.

to:

Line Instructions

Department of Revenue Services

Corporation Ofﬁ ce Audit Unit

Rounding Off to Whole Dollars

25 Sigourney St Ste 2

You must round off cents to the nearest whole dollar on your return

Hartford CT 06106-5032

and schedules. If you do not round to whole dollars, DRS will

The tax clearance and certiﬁ cate of reinstatement must be ﬁ led

disregard the cents.

with the Connecticut Ofﬁ ce of the Secretary of the State.

Round down to the next lowest dollar all amounts that include

•

Withdrawal From State

1 through 49 cents. Round up to the next highest dollar all amounts

A foreign corporation that wishes to withdraw from Connecticut

that include 50 through 99 cents. However, if you need to add two

must ﬁ le a written application for withdrawal with the Connecticut

or more amounts to compute the amount to enter on a line, include

Ofﬁ ce of the Secretary of the State. Any corporation that has

cents and round off only the total.

withdrawn must ﬁ le Form CT-1120 up to the date of withdrawal

and pay any taxes due.

Example: Add two amounts ($1.29 + $3.21) to compute the total

•

Mergers and Reorganizations

($4.50) to enter on a line. $4.50 is rounded to $5.00 and entered

A corporation that has merged must ﬁ le a written application

on the line.

with the Connecticut Ofﬁ ce of the Secretary of the State. Any

corporation that has merged must include a Form CT-1120

Minimum Tax Calculation

covering the period up to the date of merger and pay any tax

Each corporation included in the unitary group is subject to the $250

due.

minimum tax. Enter the total number of corporations in the unitary

Any corporation that is reorganized must submit the details

return. Multiply Line 1 by $250 and enter the result on Line 2. This

concerning the reorganization in writing and disclose the

is the minimum tax.

survivor’s Connecticut Tax Registration Number. Mail to:

Schedule A - Computation of Tax on Net Income

Department of Revenue Services

Line 2 - Enter a single apportionment fraction for all the corporations

State of Connecticut

included in the unitary group calculated using all such corporations’

PO Box 2937

property, payroll, and double weighted gross receipts, as reported on

Hartford CT 06104-2937

Form CT-1120A, Corporation Business Tax Return Apportionment

For further information about withdrawal from the state, mergers

Calculation, Schedule R, Line 6. The fraction must be expressed

and reorganizations, or dissolutions, contact the Connecticut Ofﬁ ce

as a decimal and carried to six places.

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

Line 3 – Enter the amount from Line 1 multiplied by Line 2, or enter

4. If this is the ﬁ rst year this group is ﬁ ling a unitary return, check

the amount from Line 1, if not entitled to apportion.

the corresponding box and attach Form CT-1120Q and Form

CT-1120CC.

Line 4 - If this is the group’s ﬁ rst year ﬁ ling a unitary return, no net

operating loss carryovers are allowed.

5. Check the corresponding box and attach Form CT-1120AB, if any

nexus company within the unitary group pays, accrues, or incurs

If this is not a ﬁ rst year unitary ﬁ ling, enter the amount of any unused

interest expenses or intangible expenses, costs, and related interest

unitary losses from Form CT-1120 ATT, Corporation Business Tax

expenses to a related member.

Return Attachment, Schedule H, Line 14, Column D, attributable

to Connecticut business operations as reported in years ending

6. Check this box if the unitary group is exchanging Research

December 31, 2000, and thereafter.

and Development tax credits available under Conn. Gen. Stat.

§§12-217j or 12-217n, for a credit refund equal to 65% of the value

Net operating losses incurred for income years beginning on or after

of the credit, subject to certain limitations. Attach Form CT-1120RC,

January 1, 2000, may be carried forward for 20 successive income

Research and Experimental Expenditures Credit, or Form CT-1120

years. Losses may not be carried back. The loss entered here is

RDC, Research and Development Credit, and Form CT-1120 XCH,

limited to the loss attributed to Connecticut according to the method

Application for Exchange of Research and Development or Research

of apportionment prescribed in Conn. Gen. Stat. §12-218.

and Experimental Expenditures Tax Credits by a Qualiﬁ ed Small

Schedule B - Computation of Minimum Tax on Capital

Business.

The unitary group must calculate the capital tax base under Conn.

7. Check this box if the unitary group used the annualized

Gen. Stat. §12-219 on a unitary basis.

installment method to make its estimated tax installments for this

Line 2 - Enter the apportionment fraction from Form CT-1120A,

year. Complete Form CT-1120I, and attach it to Form CT-1120U.

Schedule S, Line 3, Column C. The fraction must be expressed as

For more information regarding the annualized installment method,

a decimal and carried to six places.

see IP 2011(21), Q&A on Estimated Corporation Business Tax and

Worksheet CT-1120AE.

Line 3 - Enter the amount from Line 1 multiplied by Line 2, or enter

the amount from Line 1 if not entitled to apportion.

8. Check this box if any included corporation is filing Form

CT-1120 PIC, Information Return for Passive Investment Companies.

Line 4 - Enter the number of months the unitary group carried

If this box is checked, Form CT-1120 PIC must be attached.

on business or had the right to carry on business in Connecticut,

Passive investment companies must be related to a ﬁ nancial

whichever is greater. A fractional part of a month is counted as a

service company or to an insurance company. Passive Investment

full month.

companies are exempt from the corporation business tax but must

Line 5 - Multiply Line 3 by Line 4. Divide the result by 12 and enter

ﬁ le Form CT-1120 PIC.

the amount.

Form CT-1120U Instructions (Rev. 12/11)

Page 4 of 6

Instructions For Form Ct-1120u - Unitary Corporation Business Tax Return - 2011 Page 4

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