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Connecticut Free Printable CT-1120A-CCA,  2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities for 2021 Connecticut Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities

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Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities
CT-1120A-CCA, 2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

Department of Revenue Services State of Connecticut (Rev. 12/16) Form CT-1120A-CCA Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities Enter Income Year Beginning ________________________ , ___________ , and Ending ________________________ , ___________ Corporation Name Connecticut Tax Registration Number Complete this form in blue or black ink only. See instructions on reverse. Schedule R-CCA — Connecticut Receipts 1. Total interest and fees or penalties in the nature of interest from credit card receivables, and receipts from fees charged to card holders, including, but not limited to annual fees, where the billing address of a card holder is located in Connecticut. 1. 2. Total amount of interest and fees or penalties in the nature of interest from credit card receivables and receipts from fees charged to card holders, including, but not limited to annual fees, irrespective of the billing address of the card holder. 2. 3. Receipts fraction: Divide Line 1 by Line 2. Carry to six places. 3. 4. The sum of net gains from the sale of credit card receivables and all credit card issuers’ reimbursement fees. 4. 5. Connecticut net gains: Multiply Line 4 by Line 3. 5. 6. Connecticut receipts: Add Line 1 and Line 5. 6. 0. Schedule A-1 — Computation of Connecticut Apportionment Fraction 7. Total Connecticut receipts from credit card activities (Schedule R-CCA, Line 6). 7. 8. Total receipts from credit card activities (Total of Schedule R-CCA, Line 2 and Line 4). 8. 9. Connecticut apportionment fraction: Divide Line 7 by Line 8. Enter here and on Form CT-1120, Schedule A, Line 2. Carry to six places. 9. 0. Enter the apportionment fraction from Line 9 above on Form CT-1120, Schedule A, Line 2, if the entire net income is attributable to income from credit card activities. Complete Schedule A-2 if the corporation’s net income is derived in part from sources other than credit card activities. Form CT-1120CU filers: Combined group members that are subject to credit card activities apportionment should complete Schedule A-2, Column A. Do not complete Column B. Enter the amount from Line 12, Column A in the appropriate column on Form CT-1120CUNI, Tax on Combined Group Net Income, Part III, Line 6. Schedule A-2 — Computation of Connecticut Net Income 10. Enter net income from Form CT-1120, Schedule A, Line 1. Form CT-1120CU filers only: Enter the net income derived from credit card activities in Column A. Do not complete Column B. Column B Net income derived from sources other than credit card activities 10. 11a. Apportionment fraction from Schedule A-1, Line 9. Carry to six places. 11a. 11b. Apportionment fraction from Form CT-1120A, Schedule Q, or Form CT-1120A-FS, Line 15, or other applicable apportionment form. Carry to six places. Column A Net income derived from credit card activities 11b. 12. Balance after apportionment: Multiply Line 10, Column A, by Line 11a, Column A. Multiply Line 10, Column B, by Line 11b, Column B. Form CT-1120CU filers only: Enter the amount in Column A in the appropriate column on Form CT-1120CU-NI, Tax on Combined Group Net Income, Part III, Line 6. 12. 13. Connecticut net income: Add Line 12, Column A, and Line 12, Column B. Enter total here and on Form CT-1120, Schedule A, Line 3. Make no entries on Form CT-1120, Schedule A, Line 1 or Line 2. 13. 0. 0. Form CT-1120A-CCA Instructions Complete this form in blue or black ink only. Use Form CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities, to apportion net income from credit card activities. According to Conn. Gen. Stat. §12-218b(k), a corporation must apportion income from credit card activities separately using Form CT-1120A-CCA (see Conn. Gen. Stat. §12-218(i)). If the corporation qualifies as a financial service company, all other income will be apportioned using Form CT-1120A-FS, Corporation Business Tax Return Apportionment Computation of Income From Financial Service Company Activities (see Conn. Gen. Stat. §12-218b). If the company does not qualify as a financial service company, all other income must be apportioned in accordance with the appropriate schedule. Schedule R-CCA — Connecticut Receipts Complete this schedule to calculate Connecticut receipts derived from credit card activities. Schedule A-1 — Computation of Connecticut Apportionment Fraction Complete this schedule to calculate an apportionment fraction derived from credit card activities. Enter the apportionment fraction from Line 9 on Form CT-1120, Corporation Business Tax Return, Schedule A, Line 2, if the corporation’s entire net income is attributable to income from credit card activities. Complete Schedule A-1 and Schedule A-2 if the corporation’s net income is derived in part from sources other than credit card activities. Form CT-1120CU filers: Combined group members that are subject to apportionment of income from credit card activities should complete Schedule A-2, Column A. Do not complete Column B. Enter the amount from Line 12, Column A in the appropriate column on Form CT-1120CU-NI, Tax on Combined Group Net Income, Part III, Line 6. Receipts derived from financial services, other than credit card activities, should be included in the combined group’s apportionment calculation on Form CT-1120A-CU, Apportionment Computation for Combined Unitary Filers. Form CT-1120A-CCA Back (Rev. 12/16) Schedule A-2 — Computation of Connecticut Net Income Complete this schedule only if income is derived in part from sources other than credit card activities. Separate apportionment formulas are used for net income derived from credit card activities (Schedule A-1, Line 9) and net income derived from sources other than credit card activities (Form CT-1120A, Corporation Business Tax Return Apportionment Computation, Schedule Q, or Form CT-1120A-FS, Line 15, or other applicable apportionment form). Connecticut net income is computed on Schedule A-2, Line 13, and entered on Form CT-1120, Schedule A, Line 3. Form CT-1120CU filers, enter the income from credit card activities in Column A. Do not complete Column B. Enter the amount from Line 12, Column A in the appropriate column on Form CT-1120CU-NI, Part III, Line 6. Definitions Credit card means a credit, travel, or entertainment card. Receipts means receipts computed according to the method of accounting used by the taxpayer in the computation of net income. Credit card issuer’s reimbursement fee means the fee that a taxpayer receives from a merchant’s bank because one of the persons to whom the taxpayer has issued a credit card has charged merchandise or services to the credit card. Net income derived from credit card activities means interest and fees or penalties in the nature of interest from credit card receivables, and receipts from fees charged to card holders, including, but not limited to annual fees, net gains from the sale of credit card receivables, credit card issuer’s reimbursement fees, and credit card receivables servicing fees received in connection with credit cards issued by the taxpayer, less expenses related to that income, to the extent deductible under Conn. Gen. Stat. §§12-213 through 12-242z. Billing address shall be presumed to be the location indicated in the books and records of the taxpayer as the address where any notice, statement, or bill relating to the card holder is to be mailed, as of the date of mailing. Credit card activities means those activities involving the underwriting and approval of credit card relationships or other business activities generally associated with the conduct of business by an issuer of credit cards from which it derives income.
Extracted from PDF file 2020-connecticut-form-ct-1120-a-cca.pdf, last modified January 2017

More about the Connecticut Form CT-1120 A-CCA Corporate Income Tax Tax Credit TY 2020

We last updated the Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities in April 2021, so this is the latest version of Form CT-1120 A-CCA, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form CT-1120 A-CCA directly from TaxFormFinder. You can print other Connecticut tax forms here.

Related Connecticut Corporate Income Tax Forms:

TaxFormFinder has an additional 85 Connecticut income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Connecticut Form CT-1120 A-CCA.

Form Code Form Name
Form CT-1120 Instructions Connecticut Corporation Business Tax Instructions
Form CT-1120 EXT Application for Extension of Time to File Connecticut Corporation Tax Return
Form CT-1120 Corporation Business Tax Return
Form CT-1120 ES Estimated Corporation Business Tax Payment Coupons
Form CT-1120 RDC Research and Development Credit
Form CT-1120CU-NCB Nexus Combined Base Tax Calculation
Form CT-1120K Business Tax Credit Summary
Form CT-1120 FCIC Fixed Capital Investment Credit
Form CT-1120 A-BMC Corporation Business Tax Return Apportionment Computation - Motor Bus and Motor Carrier Companies
Form CT-1120 A-BPE Corporation Business Tax Return Apportionment Computation - Broadcasters and Production Entities

Download all CT tax forms View all 86 Connecticut Income Tax Forms


Form Sources:

Connecticut usually releases forms for the current tax year between January and April. We last updated Connecticut Form CT-1120 A-CCA from the Department of Revenue Services in April 2021.

Show Sources >

Form CT-1120 A-CCA is a Connecticut Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Connecticut Form CT-1120 A-CCA

We have a total of nine past-year versions of Form CT-1120 A-CCA in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form CT-1120 A-CCA

CT-1120A-CCA, 2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

2019 Form CT-1120 A-CCA

CT-1120A-CCA, 2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

2017 Form CT-1120 A-CCA

CT-1120A-CCA, 2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

2016 Form CT-1120 A-CCA

CT-1120A-CCA, 2016 Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities 2015 Form CT-1120 A-CCA

CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities

Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities 2014 Form CT-1120 A-CCA

CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities

Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities 2013 Form CT-1120 A-CCA

CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income Credit Card Activities

Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities 2012 Form CT-1120 A-CCA

CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities

Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities 2011 Form CT-1120 A-CCA

CT-1120A-CCA, Corporation Business Tax Return Apportionment Computation of Income From Credit Card Activities


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