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Connecticut Free Printable  for 2019 Connecticut Application for Extension of Time to File Connecticut Corporation Tax Return

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Application for Extension of Time to File Connecticut Corporation Tax Return
Form CT-1120 EXT

Form CT-1120 EXT Department of Revenue Services State of Connecticut PO Box 2974 Hartford CT 06104-2974 1120EXT 1218W 01 9999 Enter Income Year Beginning  Application for Extension of Time to File Connecticut Corporation Business Tax Return 2018 and Ending  M M - D D - Y Y Y Y Corporation/Designated Taxable Member name Connecticut Tax Registration Number This return MUST be filed electronically!  PO Box Federal Employer ID Number (FEIN) DO NOT MAIL paper tax return to DRS. City, town, or post office (Rev. 12/18) See instructions. Complete this form in blue or black ink only. Type or print. M M - D D - Y Y Y Y Number and street 2018 State  ZIP code Request for extension to file Form CT-1120, Corporation Business Tax Return or Form CT-1120CU, Combined Unitary Corporation Business Tax Return. Each corporation must submit payment of any tax due or believed to be due with this application for an extension of time to file, whether or not an application for federal extension has been approved. See instructions. I request an extension of time to November 15, 2019, to file my Connecticut Corporation Business Tax return for calendar year 2018, or until (MMDDYYYY) for fiscal year ending (MMDDYYYY). June 30 year end filers may request a seven-month extension. All others may request a six-month extension. A federal extension has been requested on federal Form 7004, Application for Automatic Extension of Time to File Certain Business Income Check here Tax, Information, and Other Returns, for calendar year 2018 or fiscal year beginning ending (MMDDYYYY) and (MMDDYYYY). If a federal extension has not been filed, explain why you are requesting the Connecticut extension: Are you filing Form CT-1120CU? Yes No 1. Tentative amount of tax due for this income year; minimum tax $250. See instructions. ........................ 1. .00 2. Surtax: See instructions. .......................................................................................................................... 2. .00 3. Total tax: Add Line 1 and Line 2. Include tax credit recapture, if applicable. ........................................... 3. .00 4. Multiply Line 3 by 49.99% (0.4999) See instructions. .............................................................................. 4. .00 .00 5. Multiply the number of taxable members included by $250. .................................................................... 5. 6. Enter the greater of Line 4 or Line 5. ....................................................................................................... 6. .00 7. Tax credit limitation: Subtract Line 6 from Line 3. .................................................................................... 7. .00 8. Tax credits: Do not exceed amount on Line 7. ..................................................................................... 8. .00 9. Balance of tax payable: Subtract Line 8 from Line 3. .............................................................................. 9. .00 10. PE credit: See instructions. .................................................................................................................... 10. .00 11. Balance of tax payable: Subtract Line 10 from Line 9, but not less than zero (“0”). ...............................11. .00 12. Payment(s) of estimated tax. ................................................................................................................. 12. .00 13. Overpayment from prior year. ................................................................................................................ 13. .00 14. Total payments: Add Line 12 and Line 13. .......................................................................................... 14. .00 15. Amount due with this return: Subtract Line 14 from Line 11. .......................................................  15. .00 Declaration: I declare under the penalty of law that I have examined this return and, to the best of my knowledge and belief, it is true, complete, and correct. I understand the penalty for willfully delivering a false return or document to the Department of Revenue Services (DRS) is a fine of not more than $5,000, imprisonment for not more than five years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge. Corporate officer’s name (print) Corporate officer’s signature Date (MMDDYYYY) Sign Here This return MUST be filed electronically! Title Telephone number May DRS contact the preparer shown below about this return? DO NOT MAIL paper tax return to DRS. Keep a copy of Paid preparer’s name (print) this return for your records. Firm’s name and address Paid preparer’s signature Date (MMDDYYYY) Firm’s FEIN Visit the DRS Taxpayer Service Center (TSC) at portal.ct.gov/TSC to file and pay this return electronically. Yes No Preparer’s SSN or PTIN Telephone number Form CT-1120 EXT Instructions Complete this form in blue or black ink only. Please note that each form is year specific. To prevent any delay in processing your return, the correct year’s form must be submitted to DRS. Use Form CT-1120 EXT, Application for Extension of Time to File Corporation Business Tax Return, to request a six-month extension (seven-month extension for corporations with a June 30 fiscal year end) to file Form CT-1120, Corporation Business Tax Return, or Form CT-1120CU, Combined Unitary Corporation Business Tax Return. It is not necessary to include a reason for the Connecticut extension request if an extension on federal Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns, was filed with the Internal Revenue Service. If federal Form 7004 was not filed, the corporation may apply for an extension to file the Connecticut Corporation Business Tax return if there is reasonable cause for the request. To get a Connecticut filing extension the corporation MUST: • Complete Form CT-1120 EXT in its entirety; • File it on or before the fifteenth day of the month following the due date of the company’s corresponding federal income tax return for the income year (May 15 for calendar year taxpayers); and • Pay the amount shown on Line 15. Form CT-1120 EXT extends only the time to file the Connecticut Corporation Business Tax return. Form CT-1120 EXT does not extend the time to pay the amount of tax due. When to File File Form CT-1120 EXT on or before the fifteenth day of the month following the due date of the company’s corresponding federal income tax return for the income year (May 15 for calendar year taxpayers). If the due date falls on a Saturday, Sunday, or legal holiday, the return is considered timely if filed on the next business day. Electronic Filing and Payment Requirements The following graduated penalty amounts will apply if you fail to remit payments electronically: • First offense – 10% penalty on the amount of the tax payment, but not more than $2,500; • Second offense – 10% penalty, but not more than $10,000; and • Third and subsequent offenses – 10% penalty. Pay by Mail: If you have received a waiver from the electronic payment requirement, make your check payable to Commissioner of Revenue Services. To ensure payment is applied to your account, write “2018 Form CT-1120 EXT” and the corporation’s Connecticut Tax Registration Number on the front of the check. Be sure to sign your check and paper clip it to the front of your return. Do not send cash. DRS may submit your check to your bank electronically. Mail paper return with payment to: Department of Revenue Services State of Connecticut PO Box 2974 Hartford CT 06104-2974. Mail paper return without payment to: Department of Revenue Services State of Connecticut PO Box 150406 Hartford CT 06115-0406. Payment Options Pay Electronically: Visit the DRS Taxpayer Service Center (TSC) at portal.ct.gov/TSC to make a direct tax payment. After logging into the TSC, select the Make Payment Only option and choose a tax type from the drop down box. Using this option authorizes DRS to electronically withdraw a payment from your bank account (checking or savings) on a date you select up to the due date. As a reminder, even if you pay electronically you must still file your return on or before the due date. Tax not paid on or before the due date will be subject to penalty and interest. See Informational Publication 2017(15), Filing and Paying Connecticut Taxes Electronically. Pay by Credit Card or Debit Card: You may elect to pay your tax liability using a credit card (American Express®, Discover®, MasterCard®, or VISA®) or comparable debit card. A convenience fee will be charged by the service provider. You will be informed of the amount of the fee and you may elect to cancel the transaction. At the end of the transaction you will be given a confirmation number for your records. To request a waiver from the electronic filing requirement visit www.ct.gov/drs/TSCfiling and complete Form DRS-EWVR, Electronic Filing and Payment Waiver Request. • Visit www.officialpayments.com and select State Payments; or • Call Official Payments Corporation at 800-487-4567. The following penalties will apply if a required electronic funds transfer (EFT) payment is remitted late: Your payment is effective on the date you make the charge. Form CT-1120 and Form CT-1120CU must be filed and paid electronically, and all corporations must file and pay their estimated taxes (Forms CT-1120 ESA, ESB, ESC and ESD) and extension requests (Form CT-1120 EXT) electronically. • 2% of the required tax due for EFT payments not more than five days late; • 5% of the required EFT payments more than five days late but not more than 15 days late; and Do not send in Form CT-1120 EXT if payment is made through the credit card service provider. If your payment is late, DRS will notify you in writing that your request for extension of time to file is denied. • 10% of the required EFT payments more than 15 days late. Form CT-1120 EXT (Rev. 12/18) Page 2 of 3 Interest and Penalty Interest is assessed at 1% per month or fraction of a month on any underpayment of tax computed from the due date of the return. The penalty for underpayment of tax is 10% of the tax due or $50, whichever is greater. If no tax is due, the Commissioner of Revenue Services may impose a $50 penalty for the late filing of any return or report that is required by law to be filed. If a request for a filing extension has been granted, a corporation may avoid a penalty for failure to pay the full amount due by the original due date if it pays: • At least 90% of the tax shown to be due on the return on or before the original due date of the return; and All payments should be made under the Designated Taxable Member’s Connecticut Tax Registration Number. For groups filing their first Form CT-1120CU in 2018, the group will select a Designated Taxable Member when it files its Form CT-1120CU. If the parent company does not have nexus in Connecticut, any other member with nexus may be selected as the Designated Taxable Member. If a payment is made by a member other than the Designated Taxable Member, it will be treated as made by the Designated Taxable Member when the combined unitary return is filed. Any extension of time to file approved for any member of the group will be a valid extension of time to file for all members of the group. • The balance due with the filing of Form CT-1120, or Form CT-1120CU on or before the extended due date. Signature Credit Against Estimated Payments Paid Preparer Signature An overpayment of tax liability for 2018 will be applied against the first installment of estimated tax due in 2019 if the taxpayer timely files a completed Form CT-1120 or Form CT-1120CU and elects to apply an overpayment from 2018 against its 2019 estimated tax. Limit on Credits The amount of tax credits allowable against the Corporation Business Tax for any income year generally may not exceed 50.01% of the tax due prior to the application of the tax credits. For 2018, Research and Development, Research and Experimental Expenditures, and Urban and Industrial Site Reinvestment tax credits that remain after application of the 50.01% limitation may be further used, provided the total of all credits used shall not exceed 65% of the tax liability. Each taxable member included in Form CT-1120CU applies tax credits on a separate company basis, which are then aggregated and applied against the combined unitary tax liability. See Special Notice 2016(1), Combined Unitary Legislation, for more information on tax credit usage by members of a unitary group. No tax credit allowed against the Corporation Business Tax shall reduce a company’s minimum tax to an amount less than $250. Tax Credit Recapture If the corporation is subject to recapture of tax credits, include the tax credit recapture amount in the total tax for the current income year. Surtax Companies whose gross income equals or exceeds $100 million or who file as part of a combined unitary return must pay a surtax of 10% of the tax without regard to credits and tax credit recapture. The surtax does not apply to the minimum tax of $250. Special Instructions - Combined Unitary Tentative Corporation Business Tax Return The Designated Taxable Member should file one Form CT-1120 EXT on behalf of all members of the combined unitary group included in Form CT-1120CU. Form CT-1120 EXT (Rev. 12/18) An officer of the corporation must sign this form. A paid preparer must sign and date Form CT-1120 EXT. Paid preparers must also enter their Social Security Number (SSN) or Preparer Tax Identification Number (PTIN) and their firm’s FEIN in the spaces provided. Others Who May Sign Anyone (including attorneys, accountants, and enrolled agents) with a signed Power of Attorney may sign for the corporation in place of a corporate officer. Line Instructions Line 1 - Enter the tax due for the current income year without regard to surtax or recapture. Combined unitary filers aggregate each taxable member’s tax and enter the total. Line 2 - Enter the surtax amount due. Form CT-1120 filers: If Line 1 is $250, enter zero (“0”). Otherwise, if gross income (from federal Form 1120, Line 11, amount in box at the top of Form CT-1120) is $100 million or more, multiply Line 1 by 10% and enter the result. Form CT-1120CU filers: Each taxable member included in Form CT-1120CU computes its surtax on a separate company basis. For any taxable member whose tax exceeds $250, multiply the tax by 10% and enter the total of the surtax amounts. Line 3 - Add Line 1 and Line 2. Include tax credit recapture, if applicable. Line 4 - Multiply Line 3 by 49.99% (0.4999). If a corporation has Research and Development, Research and Experimental Expenditures, or Urban and Industrial Site Reinvestment tax credits that remain after the 50.01% limitation, these credits may be further applied, provided the total of all credits used does not exceed 65% of a corporation’s tax liability. Line 5 - Form CT-1120 filers, enter $250. Form CT-1120CU filers, multiply the number of taxable members included in the return by $250 and enter the result. Line 10 - Enter the amount of Pass-Through Entity (“PE”) tax credit that will be reported on Form CT-1120PE, Pass-Through Entity Tax Credit. Combined Unitary filers may aggregate the PE credit available to each member. Do not exceed the balance of tax payable reported on Line 9. Page 3 of 3
Extracted from PDF file 2018-connecticut-form-ct-1120-ext.pdf, last modified December 2018

More about the Connecticut Form CT-1120 EXT Corporate Income Tax Extension TY 2018

We last updated the Application for Extension of Time to File Connecticut Corporation Tax Return in January 2019, so this is the latest version of Form CT-1120 EXT, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form CT-1120 EXT 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 EXT.

Form Code Form Name
Form CT-1120 Instructions Connecticut Corporation Business Tax Instructions
Form CT-1120 Corporation Business Tax Return
Form CT-1120 U Unitary Corporation Business Tax Return
Form CT-1120I Computation of Interest Due on Underpayment of Estimated Tax
Form CT-1120X Amended Corporation Business Tax Return
Form CT-1120 CU Combined Unitary Corporation Business Tax Return
Form CT-1120K Business Tax Credit Summary
Form CT-1120 EDPC Electronic Data Processing Equipment Property Tax Credit
Form CT-1120 MEC Machinery and Equipment Expenditure Credit
Form CT-1120 RDC Research and Development Credit

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 EXT from the Department of Revenue Services in January 2019.

Show Sources >

Form CT-1120 EXT is a Connecticut Corporate Income Tax form. The IRS and most states will grant an automatic 6-month extension of time to file income tax and other types of tax returns, which can be obtained by filing the proper extension request form. Obtaining an extension will prevent you from being subject to often very large failure-to-file penalties. However, in most cases this extension does not exempt you from the requirement to pay any tax owed in full by the return's original filing date.

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 EXT

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


2017 Form CT-1120 EXT

CT-1120 EXT 20170912.indd

2016 Form CT-1120 EXT

CT-1120 EXT, 2016 Application for Extension of Time to File Connecticut Corporation Business Tax Return

Application for Extension of Time to File Connecticut Corporation Tax Return 2015 Form CT-1120 EXT

CT-1120 EXT 2015, Application for Extension of Time to File Connecticut Corporation Tax Return

2014 Application for Extension of Time to File Corporation Business Tax Return 2014 Form CT-1120 EXT

Form CT-1120 EXT, 2014 Application for Extension of Time to File Corporation Business Tax Return

2013 Application for Extension of Time to File Corporation Business Tax Return 2013 Form CT-1120 EXT

CT-11120 EXT, 2013 Application for Extension of Time to File Corporation Business Tax Return

2012 Application for Extension of Time to File Corporation Business Tax Return 2012 Form CT-1120 EXT

CT-1120 EXT, 2012 Application for Extension of Time to File Corporation Business Tax Return

Application for Extension of Time to File Corporation Business Tax Return 2011 Form CT-1120 EXT

CT-1120 EXT, Application for Extension of Time to File Corporation Business Tax Return


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