Connecticut Application for Extension of Time for Payment of Income Tax
Extracted from PDF file 2023-connecticut-form-ct-1127.pdf, last modified December 2023
Application for Extension of Time for Payment of Income TaxDepartment of Revenue Services State of Connecticut 450 Columbus Blvd Ste 1 Hartford CT 06103-1837 2023 Form CT-1127 (Rev. 12/23) Application for Extension of Time for Payment of Income Tax Place this form on top of your completed Connecticut income tax return. Complete 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 the Department of Revenue Services (DRS). This form is not an extension of time to file. See How to Get an Extension of Time to File (on back) for additional information. You must file this form on or before the due date of your return or your extension request will be denied. Your first name and middle initial Taxpayer Please type or print. Last name If a joint return, spouse’s first name and middle initial Last name Name of estate, trust, partnership, or entity Your Social Security Number (SSN) • • __ __ __ •• __ __ •• __ __ __ __ Spouse’s Social Security Number • • __ __ __ •• __ __ •• __ __ __ __ Federal Employer Identification Number (FEIN) • • __ __ __ __ __ __ __ • Daytime telephone number __ __ Mailing address (number and street), apartment number, PO Box City, town, or post office State – – ZIP code Individuals, Trusts and Estates: I request a six-month extension of time to October 15, 2024, to pay my Connecticut income tax of $________________ for the year beginning January 1, 2023, and ending December 31, 2023. Pass-Through Entities: I request a six-month extension of time to September 15, 2024, to pay my Connecticut Pass‑Through Entity tax of $_______________for the year beginning January 1, 2023, and ending December 31, 2023. If you are not a calendar year taxpayer, complete the following statement: I request a six-month extension of time to _________________________ ,________ , to pay my Connecticut tax of $_____________________ for the year beginning _________________ and ending __________________ . This extension is necessary and payment of the tax at this time will cause me undue hardship because: (If more space is needed, attach a separate sheet.)______________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ I am unable to borrow money to pay the tax because:______________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ ________________________________________________________________________________________________ As evidence of the need for the extension, I am attaching: (1) a statement of assets including all bank accounts, receivables, notes, stocks, bonds, cash value life insurance, automobiles, and real estate and liabilities as of the last day of the preceding month showing book and market values of assets and whether any securities are listed or unlisted; and (2) an itemized list of receipts (income) and disbursements (expenses) for the three months before the date the tax is due. You will be notified only if your extension request is denied. Declaration: I declare under penalty of law that I have examined this return and all accompanying schedules and statements, including reporting and payment of any use tax due, 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 DRS is a fine of not more than $5,000, or 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. Sign Here Keep a copy for your records. Your signature Date Spouse’s signature Date Paid preparer’s signature Date Telephone – – Firm’s name, address, and ZIP code Visit us at portal.ct.gov/DRS for more information. Preparer’s PTIN FEIN Form CT-1127 Instructions Purpose: The Commissioner of Revenue Services may grant an extension of time for payment of your Connecticut income or pass-through entity tax liability and your individual use tax if you can show it will cause you undue hardship to pay the tax on the date it is due. Form CT‑1127 must be filed with the Commissioner on or before the fifteenth day of the fourth month following the close of your taxable year. This is April 15 if your taxable year is the calendar year. For Pass‑Through Entity Tax returns (Form CT‑1065/CT‑1120SI), Form CT‑1127 must be filed by the fifteenth day of the third month following the close of your taxable year. This is March 15 if your taxable year is the calendar year. We will notify you only if your request is denied. If the due date falls on a Saturday, Sunday, or legal holiday, your extension request will be considered timely if filed on the next business day. Undue hardship means more than mere inconvenience. You must show that you will have substantial financial loss if you pay your tax on the date it is due. (For example, a loss could be caused by having to sell property at a sacrifice price.) You must show you do not have enough cash above necessary working capital to pay the tax. In determining cash available, include anything you can convert into cash and show current market prices. Also show you are unable to borrow money to pay the tax except under terms that will cause you severe loss and hardship. Who May File Form CT‑1127: Filers of the following forms may file Form CT‑1127: • Form CT‑1040, Connecticut Resident Income Tax Return; • Form CT‑1040NR/PY, Connecticut Nonresident and Part‑Year Resident Income Tax Return; • Form CT‑1041, Connecticut Income Tax Return for Trusts and Estates; and • Form CT‑1065/CT‑1120SI, Connecticut Pass‑Through Entity Tax Return. Limitation: As a general rule, an extension of time to pay any part of the tax shown on an income tax or pass‑through entity tax return is limited to six months from the date that payment is due. Security: Security satisfactory to the Commissioner may be required as a condition for granting an extension. This is to assure that the risk of loss to the State of Connecticut will be no greater at the end of the extension period than it was at the beginning. The determination of the type of security, if any is required, will depend on the circumstances in each case. You will be contacted by DRS if any security is required. Interest and Penalty: If the extension of time for payment is approved, no penalty will be assessed if the tax due is paid on or before the end of the extension period. If the extension of time for payment is not granted or the tax due is not paid on or before the end of the extension period, a penalty of 10% of the amount of tax underpaid will be applied. In either case, a billing statement will be issued to you. If after the extension period you are subject to a penalty that you believe was unjustly assessed, you may request a penalty waiver. To make a penalty waiver request, taxpayers must complete and submit Form DRS‑PW, Request for Waiver of Civil Penalty, to the DRS Operations Bureau/Penalty Waiver through myconneCT at portal.ct.gov/DRS-myconneCT, by mail, or by fax. Form CT-1127 Back (Rev. 12/23) DRS will not consider a penalty waiver request unless it is accompanied by a fully completed and properly executed Form DRS‑PW. For detailed information about the penalty waiver process, see Policy Statement 2019(3), Requests for Waiver of Civil Penalties. Where the time for payment of Connecticut income tax is extended, interest will accrue at 1% per month or fraction of a month on any balance due from the original due date of the Connecticut income tax return, determined without regard to any extension of time to file, to the date of actual payment. How to Get an Extension of Time to Pay: To request a Connecticut extension of time to pay, you must complete Form CT‑1127 in its entirety. If you are also requesting an extension of time to file your Connecticut tax return, attach Form CT‑1127 on top of that request. If you are not requesting an extension of time to file your Connecticut tax return, attach Form CT‑1127 on top of your Connecticut tax return. How to Get an Extension of Time to File • File Form CT‑1040 EXT if you need additional time to file Form CT‑1040 or Form CT‑1040NR/PY. • File Form CT‑1041 EXT if you need additional time to file Form CT‑1041. • File Form CT‑1065/CT‑1120SI EXT if you need additional time to file Form CT‑1065/CT‑1120SI. You may file these forms online at portal.ct.gov/DRS. Signature: You must sign this form. If you are filing a joint return, both you and your spouse must sign. Others Who Can Sign for You: Anyone with a signed Power of Attorney may sign on your behalf. Attach LGL-001, Power of Attorney. If a taxpayer is unable by reason of illness, absence, or other good cause to sign a request for an extension, any person standing in a close personal or business relationship (including attorneys, accountants, and enrolled agents) to the taxpayer may sign the request on his or her behalf and is considered as a duly authorized agent for this purpose provided the request states the reasons for signature other than by the taxpayer and the relationship existing between the taxpayer and the signer. Paid Preparer’s Signature: Anyone you pay to prepare your return must sign and date it. Paid preparers must also enter their Personal Tax Identification Number (PTIN) and their firm’s Federal Employer Identification Number (FEIN) in the spaces provided. For the Latest News: Visit the DRS website at portal.ct.gov/DRS.
More about the Connecticut Form CT-1127 Individual Income Tax Extension TY 2023
We last updated the Application for Extension of Time for Payment of Income Tax in January 2024, so this is the latest version of Form CT-1127, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CT-1127 directly from TaxFormFinder. You can print other Connecticut tax forms here.
Other Connecticut Individual Income Tax Forms:
|Connecticut Resident Income Tax Return
|Tax Instruction Booklet
|Form CT-1040 Instruction Booklet
|Tax Instruction Booklet: CT-1040 for Nonresidents/Part-Year Residents
|Estimated Connecticut Income Tax Payment Coupon for Individuals
|Amended Income Tax Return for Individuals
Connecticut usually releases forms for the current tax year between January and April. We last updated Connecticut Form CT-1127 from the Department of Revenue Services in January 2024.
Form CT-1127 is a Connecticut Individual 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 Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Connecticut Form CT-1127
We have a total of thirteen past-year versions of Form CT-1127 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
CT-1127, 2016 Application for Extension of Time for Payment of Income Tax
CT-1127, 2015 Application for Extension of Time for Payment of Income Tax
CT-1127, 2014 Application for Extension of Time for Payment of Income Tax
CT-1127, 2013 Application for Extension of Time for Payment of Income Tax
CT-1127, 2012 Application for Extension of Time for Payment of Income Tax
CT-1127, Application for Extension of Time for Payment of Income Tax
While we do our best to keep our list of Connecticut Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.