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Department of Revenue Services

Form CT-1120U

2014

State of Connecticut

(Rev. 12/14)

Unitary Corporation Business Tax Return

____________________, 2014, and Ending  _____________________________________



Enter Income Year Beginning

Parent or Designated CT Parent

Total assets

Name of parent or designated Connecticut parent corporation

This return MUST be ﬁ led electronically!



Connecticut Tax Registration Number



Gross receipts

Address

Number and street

PO Box

DO NOT MAIL paper return to DRS.





DRS use only



–

– 20

NAICS code: See instructions.

City or town

State

ZIP code



Federal Employer ID Number (FEIN)





Check All Applicable Boxes

Address change

2. Unitary return status:

Final

Short period





3. Has any corporation within the group:

Dissolved

Withdrawn

Merged/Reorganized: Enter survivor’s CT Tax Reg # ____________________





4. Is this the ﬁ rst year this group is ﬁ ling a unitary return?

Yes (Attach Form CT-1120CC.)

Visit

5. Does any nexus company pay, accrue, or incur interest expenses or intangible expenses, costs, and related





to ﬁ le and pay

interest expenses to a related member?

Yes (Attach Form CT-1120AB.)





6. Is the unitary group exchanging R & D tax credits?

Yes (Attach Form CT-1120 XCH.)

this return





7. Did the unitary group annualize its estimated tax payments?

Yes (Attach Form CT-1120I.)

electronically.





8. Is any corporation ﬁ ling Form CT-1120 PIC?

Yes (Attach Form CT-1120 PIC.)

Minimum Tax Calculation

1



1. Enter the total number of corporations included in this unitary return. ................................................

2



2. Minimum tax: Multiply Line 1 by $250. ..................................................................................................

– Attach a complete copy of Form 1120 including all schedules as ﬁ led with the Internal Revenue Service –

Schedule A – Computation of Tax on Net Income

1



1. Net income from Schedule D, Line 22 ..................................................................................................

2



2. Apportionment fraction from Form CT-1120A, Schedule R .................................................................

3



3. Connecticut net income: Multiply Line 1 by Line 2. ...............................................................................

4



4. Operating loss carryover: See instructions. ..........................................................................................

5



5. Income subject to tax: Subtract Line 4 from Line 3. ..............................................................................

6



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

Schedule B – Computation of Minimum Tax on Capital

1

1. Minimum tax base from Schedule E, Line 6, Column C .......................................................................



2

2. Apportionment fraction from Form CT-1120A, Schedule S .................................................................



3



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

4



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

5



5. Multiply Line 3 by Line 4. Divide the result by 12. ................................................................................

6



6. Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031. ..................................................................

Schedule C – Computation of Amount Payable

 1a

1a. Tax: Enter the greater of Schedule A, Line 6; Schedule B, Line 6; or the minimum tax calculation. ......



 1b

1b. Surtax: If Line 1a is the minimum tax calculation, enter “0.” Otherwise, multiply Line 1a by 20% (.20).



 1c

1c. Recapture of tax credits: See instructions. .............................................................................................



1. Total tax: Enter the total of Lines 1a through 1c. If no tax credits claimed, also enter on Line 6. .........

 2



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

 3



3. Enter the greater of Line 2 or minimum tax. ............................................................................................

 4



4. Tax credit limitation: Subtract Line 3 from Line 1. ...................................................................................

 5



5. Tax credits from Form CT-1120K, Part II, Line 9. See instructions. Do not exceed amount on Line 4. ..

 6



6. Balance of tax payable: Subtract Line 5 from Line 1. .............................................................................

 7a



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

 7b



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

 7c



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

 7



7. Tax payments: Enter the total of Lines 7a, 7b, and 7c. .........................................................................

 8



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



9. Add: Penalty

(9a)

.00 Interest

(9b)

.00 CT-1120I Interest

(9c)

.00 9



10. Amount to be credited to 2015 estimated tax

(10a)

.00 Refunded

(10b)

.00 10





For faster refund, use Direct Deposit by completing Lines 10c, 10d, and 10e.

10c. Checking

Savings



10d. Routing number

__________________________________

10e. Account number

____________________________________



10f. Will this refund go to a bank account outside the U.S.?



Yes

10g. Bank name



________________________________________

 11

11. Balance due with this return: Add Line 8 and Line 9. ..........................................................................



Form Ct-1120u - Unitary Corporation Business Tax Return - Connecticut Department Of Revenue - 2014

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