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

2011

Department of Revenue Services

State of Connecticut

Form CT-1120CR

PO Box 2974

Combined Corporation Business Tax Return

Hartford CT 06104

Instructions

(Rev. 12/11)

Complete this return in blue or black ink only.

Form CT-1120 Required

Form CT-1120, Corporation Business Tax Return, must

Corporations That Qualify for Combined Reporting:

be completed and attached to Form CT-1120CR for each

• Any taxpayer included in a consolidated return for federal

corporation included.

income tax purposes may elect to ﬁ le a combined return

Payment Options

together with all other companies that are subject to the

Pay Electronically: Visit

tax imposed under Chapter 208 or Chapter 209 of the

to use the Taxpayer Service Center (TSC)

Connecticut General Statutes and are included in the federal

to make a direct tax payment. After logging

consolidated corporation income tax return.

into the TSC, select the Make Payment Only option and choose

• Any taxpayer not included in a federal consolidated return

a tax type from the drop down box. Using this option authorizes

but which owns or controls, either directly or indirectly,

the Department of Revenue Services (DRS) to electronically

substantially all the capital stock of one or more corporations

withdraw a payment from your bank account (checking or

may, at the discretion of the Commissioner of Revenue

savings) on a date you select up to the due date. As a reminder,

Services, be required, or permitted by written approval, to

even if you pay electronically you must still ﬁ le your return on

make a return on a combined basis covering these other

or before the due date. Tax not paid on or before the due date

corporations.

will be subject to penalty and interest.

Consent and Notice of Election

Pay by Credit Card or Debit Card: You may elect to pay

Each corporation that consents to be included in a combined

your tax liability using a credit card (American Express®,

corporation business tax return must submit Form

Discover®, MasterCard®, or VISA®) or comparable debit

CT-1120CC, Combined Return Consent, for the initial income

card. A convenience fee will be charged by the service provider.

year for which the election is being made. The election to ﬁ le a

You will be informed of the amount of the fee and you may elect

combined return must be made by the electing corporations not

to cancel the transaction. At the end of the transaction you will

later than the due date or the extended due date of the returns

be given a conﬁ rmation number for your records.

for which the election is made. The election to ﬁ le a combined

There are three ways to pay by credit card or comparable debit

return must be in effect for at least ﬁ ve income years, and will

card:

continue in effect thereafter, until it is revoked.

•

Change of Election

by Credit Card;

Any corporation that has elected to ﬁ le a combined return may

•

Visit: and select State

subsequently revoke its election even though it continues to

Payments; or

be included in a federal consolidated corporation income tax

return with other corporations that are subject to the Connecticut

•

Call Official Payments Corporation toll-free at

corporation business tax. The revocation will not be effective

1-800-2PAY-TAX (1-800-272-9829) and follow the

before the ﬁ fth income year immediately following the initial

instructions. You will be asked to enter the Connecticut

income year in which the corporation elected to ﬁ le a combined

Jurisdiction Code: 1777.

return. The election to ﬁ le a separate return must be submitted

Your payment will be effective on the date you make the charge.

in writing on Form CT-1120CC-R, Revocation of Election and

Pay by Mail: Make check payable to Commissioner of

Consent to File Combined Corporation Business Tax Return, by

Revenue Services. To ensure payment is applied to your

each corporation included in the combined return. The election

account, write “2011 Form CT-1120CR” and your Connecticut

to ﬁ le separate returns must be made by the electing corporations

Tax Registration Number on the front of the check. Be sure to

by the due date or the extended due date of the separate returns

sign your check and paper clip it to your return. Do not send

for the initial income year for which the election is made. The

cash. DRS may submit your check to your bank electronically.

election to ﬁ le separate returns is irrevocable for ﬁ ve successive

income years. After ﬁ ve income years, the corporations may

Where to File

elect to ﬁ le a combined corporation business tax return.

Mail return with payment to:

Attachments Required

Department of Revenue Services

Attach to Form CT-1120CR, Combined Corporation Business

State of Connecticut

Tax Return, a complete copy of the federal consolidated return,

PO Box 2974

including income statements and balance sheets, federal M-1

Hartford CT 06104-2974

adjustments, and a schedule of intercompany eliminations as

ﬁ led with the Internal Revenue Service (IRS).

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

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Instructions For Form Ct-1120cr - Combined Corporation Business Tax Return - 2011

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