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

Line 14 - Enter the federal bonus depreciation recovery amount

Line 4 - Add the amounts on Line 1 and Line 3. Enter the total here

from Form CT-1120 ATT, Schedule J, Line 12.

and on Schedule D, Line 3.

Line 15 - Enter the amount of exceptions to interest add back from

Signature

Form CT-1120AB, Part II A, Line 1.

The unitary return must be signed by a duly authorized ofﬁ cer.

Line 16 - Enter the amount of exceptions to interest add back as

Paid Preparer Signature

reported on Form CT-1120AB, Part II A, Line 2.

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

Line 17 - Enter the amount of exceptions to interest add back as

must also enter their Social Security Number (SSN) or Preparer

reported on Form CT-1120AB, Part II A, Line 3.

Tax Identiﬁ cation Number (PTIN) and their ﬁ rm’s FEIN the spaces

Line 18 - Enter the amount of exceptions to the add back of intangible

provided.

expenses paid to a related member as reported on Form CT-1120AB,

Paid Preparer Authorization

Part II B, Line 1.

If the unitary group wants to authorize DRS to contact the paid

Line 20 - Enter the amount from Form CT-1120AB, Part IV, Line 1.

preparer who signed the 2011 Unitary Corporation Business Tax

Line 22 - Subtract Line 21 from Line 10. Enter the result here and

Return to discuss it, check the Yes box in the signature area of

on Schedule A, Line 1.

the return. This authorization applies only to the individual whose

signature appears in the paid preparer’s signature section of the

Schedule E - Computation of Minimum Tax Base

unitary return. It does not apply to the ﬁ rm, if any, shown in that

In calculating the capital base, intercompany stock holdings should

section.

be eliminated.

If the Yes box is checked, the unitary group is authorizing DRS to

Line 1 - Enter the beginning (Column A) and ending (Column B)

call the paid preparer to answer any questions that may arise during

values of the issued and outstanding capital stock including treasury

the processing of the 2011 Unitary Corporation Business Tax Return.

stock at par or face value, fractional shares, scrip certiﬁ cates, and

The unitary group is also authorizing the paid preparer to:

payments on subscriptions. See federal Form 1120, Schedule L,

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Give DRS any information that is missing from the unitary

Line 22a and Line 22b.

return;

Line 2 - Enter the beginning (Column A) and ending (Column B)

•

Call DRS for information about the processing of the unitary

values of paid-in or capital surplus, including retained earnings. Any

group’s return or the status of the unitary group’s refund or

deﬁ cit must be reported as a negative number. See federal Form

payment; and

1120, Schedule L, Lines 23, 24, and 25.

•

Respond to certain DRS notices that the unitary group may

Line 3 - Enter the beginning (Column A) and ending (Column B)

have shared with the preparer regarding math errors, offsets,

values of all surplus reserves. Attach a schedule of all surplus

and return preparation. The notices will not be sent to the

preparer.

reserves to support the amounts shown on Line 3.

The unitary group is not authorizing the paid preparer to receive any

A reserve is an amount set aside or deducted from current or

refund check, bind the unitary group to anything (including additional

retained earnings for meeting future liabilities.

tax liability), or otherwise represent the unitary group before DRS.

Line 4 - Add Lines 1, 2, and 3 in both Column A and Column B. Enter

The authorization cannot be revoked. However, the authorization

in Column C the average of Column A and Column B.

will automatically end no later than the due date (without regard to

Line 5 - Enter the total holdings of stock in Column A and Column B.

extensions) for ﬁ ling the 2012 Unitary Corporation Business Tax

Enter the average of Column A and Column B on Line 5, Column C.

Return. This is on or before the ﬁ rst day of the month following the

due date of the unitary group’s corresponding federal income tax

Attach a schedule that lists the beginning and ending book values

return for the income year (April 1 for calendar year ﬁ lers).

of total holdings of stock of private corporations, including treasury

stock. The total book value of shares must equal the amount claimed

Schedule of Corporations Included in the Unitary Return

as a deduction on Schedule E, Line 5. The book value of stock does

Enter the corporation name, Connecticut Tax Registration Number,

not include the value of other assets acquired and held in connection

and FEIN for each company included in this unitary return. Check the

with or incidental to the ownership of such stock.

corresponding column if the company has nexus with Connecticut.

Private corporations means all non-governmental corporations,

A Connecticut Tax Registration Number must be included for parent

whether closely or publicly held.

and all afﬁ liates, if applicable. Attach a schedule if additional lines

are needed.

Line 6 - Subtract Line 5, Column C, from Line 4, Column C. Enter

the result here and on Form CT-1120U, Schedule B, Line 1.

For Further Information

Schedule F - Taxes

Call DRS during business hours, Monday through Friday:

Conn. Gen. Stat. §12-217 disallows any deduction for the

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1-800-382-9463 (Connecticut calls outside the Greater

Connecticut corporation business tax and any deduction for taxes

Hartford calling area only), or

imposed on or measured by income or proﬁ ts by any state, political

•

860-297-5962 (from anywhere).

subdivision, or the District of Columbia.

TTY, TDD, and Text Telephone users only may transmit inquiries

Line 1 - Enter the amount of Connecticut corporation business tax

anytime by calling 860-297-4911.

deducted in arriving at federal taxable income.

Forms and Publications

Line 2 - Enter the total of all payroll taxes, real property taxes,

Visit the DRS website at to download and print

personal property taxes, and any other tax not based on income or

Connecticut tax forms and publications.

proﬁ ts, deducted in arriving at federal taxable income.

Line 3 - Enter any corporate tax imposed on or measured by

income or proﬁ ts by any state (other than Connecticut) or political

subdivision, or the District of Columbia, deducted in the computation

of federal taxable income.

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

Page 6 of 6

Instructions For Form Ct-1120u - Unitary Corporation Business Tax Return - 2011 Page 6

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