Form Ct-1120 - Corporation Business Tax Return

Form CT-1120

2005

Department of Revenue Services

Corporation Business Tax Return

State of Connecticut

(Rev. 12/05) AF

ENTER INCOME YEAR

BEGINNING

_______________________, 2005, AND ENDING

________________________, _______

Total Assets

Corporation Name

CT Tax Registration Number

Gross Receipts

DRS Use Only

Number and Street

PO Box

–

– 20

NAICS Code (see instructions)

Federal Employer ID Number

City or Town

State

ZIP Code

Audited By

CHECK AND COMPLETE ALL APPLICABLE BOXES

4. If this is a final return, has the corporation:

5. Federal return was filed on:

1. Change of:

2. Return Status:

3. If this is a short period,

Dissolved

Withdrawn

1120

1120A

1120H

check the corresponding box:

Closing

Initial Return

Merged/Reorganized

Other: ____________________

(Enter survivor’s

Month

Merger

Consolidated Basis:

Final Return

Connecticut Tax Registration Number)

Address

Acquisition

Parent Co. Name

_______________

Short Period

Return

Change of Filing Status

Parent Co. FEIN

________________

6. Is this corporation exchanging R & D tax credits?

Yes (Attach Form CT-1120 XCH)

7. Was this company included in a Connecticut combined or unitary business tax return for the previous year?

Yes

(If this is the first year electing or revoking combined status, attach Form CT-1120CC or Form CT-1120CC-R)

8. Is this company included in a Connecticut combined business tax return?

Yes (

Form CT-1120CR)

Attach

9. Is the principal place of business located in Connecticut?

Yes

If No, enter state where principal place of business is

located ________________________________ State of incorporation __________ Date of organization ___________

Date qualified in Connecticut _______________ Date business began in Connecticut ___________________________

10. Is this corporation exempt from Connecticut corporation business tax?

Yes

(Attach explanation of exemption including statutory cite)

11. Is this corporation annualizing its income?

Yes (Attach Form CT-1120 I )

12. Is this company subject to the interest add back or the intangible expense add back?

Yes (Attach Form CT-1120AB)

13. Is this corporation filing Form CT-1120 PIC?

Yes (Attach Form CT-1120 PIC)

– ATTACH A COMPLETE COPY OF FORM 1120 INCLUDING ALL SCHEDULES AS FILED WITH THE INTERNAL REVENUE SERVICE –

SCHEDULE A

– COMPUTATION OF TAX ON NET INCOME

1. Net income (Schedule D, Line 18) (If 100% Connecticut, also enter on Line 3) ..................................

2. Apportionment fraction (Carry to six places. See instructions.) ................................................................

3. Connecticut net income (Multiply Line 1 by Line 2) ......................................................................................

4. Operating loss carryover (Form CT-1120 ATT, Schedule H, Line 6, Column A) ......................................

5. Income subject to tax (Subtract Line 4 from Line 3) ....................................................................................

6. TAX: Multiply Line 5 by 7.5% (.075) .............................................................................................................

SCHEDULE B

– COMPUTATION OF MINIMUM TAX ON CAPITAL

1. Minimum tax base (Schedule E, Line 6, Column C) (If 100% Connecticut, also enter on Line 3) ........

2. Apportionment fraction (Carry to six places. See instructions.) ................................................................

3. Multiply Line 1 by Line 2 ...............................................................................................................................

4. Number of months covered by this return ...................................................................................................

5. Multiply Line 3 by Line 4, divide the result by 12 ..........................................................................................

6. TAX: (3 and 1/10 mills per dollar) Multiply Line 5 by .0031. (Maximum tax for Sch. B is $1,000,000) .........

( MINIMUM TAX $250 )

SCHEDULE C

– COMPUTATION OF AMOUNT PAYABLE

Tax (Greater of Schedule A, Line 6; Schedule B, Line 6; or $250) ............................................................

1a.

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2

For Future Use ..............................................................................................................................................

1b.

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2

1c. Recapture of Tax Credits (See instructions) ...............................................................................................

1. TOTAL TAX (Enter the total of Line 1a, Line 1b, and Line 1c. If no tax credits claimed, also enter on Line 6.)

2. Multiply Line 1 by 30% (0.30) .........................................................................................................................

3. Enter the greater of Line 2 or $250 ................................................................................................................

4. Tax Credit Limitation (Subtract Line 3 from Line 1) ........................................................................................

5. Tax Credits (Form CT-1120K, Part II, Line 11. Do not exceed amount on Line 4.) ...............................

6. Balance of tax payable (Subtract Line 5 from Line 1) .................................................................................

7a. Paid with application for extension (Form CT-1120 EXT) ................................................................................

7b. Paid with estimates (Forms CT-1120 ESA, ESB, ESC, & ESD) .......................................................................

7c. Overpayment from prior year ................................................................................................................................

7 c

7. TAX PAYMENTS (Enter the total of Lines 7a, 7b, and 7c) .............................................................................

8. Balance of tax due (overpaid) (Subtract Line 7 from Line 6) ........................................................................

9. Add Penalty

(9a) __________ Interest

.00

(9b) __________ CT-1120I Interest

.00

(9c) ____________

.00

10. Amount to be credited to 2006 estimated tax

(10a) ___________ Refunded