Connecticut Authorization and Consent to be Included in a Combined Return

Authorization and Consent to be Included in a Combined Return
Form CT-1120 CC
Form CT-1120

Department of Revenue Services
State of Connecticut
(Rev. 12/20)
1120 1220W 01 9999
Enter Income Year Beginning 	

Corporation Business Tax Return

Should you file Form CT-1120CU? STOP See instructions.

		
2020

and Ending 

M M - D D - Y Y Y Y

M M - D D - Y Y Y Y

Corporation name			

Federal Employer ID Number (FEIN)

This return MUST be filed electronically!

	

	

Number and street		



PO Box	

Connecticut Tax Registration Number

	 paper return to DRS.
DO NOT MAIL

	

City, town, or post office	

State	

Total assets	

	

	Is this corporation exchanging R & D tax credits?	 
If Yes, enter the amount of credit refund requested:	



ZIP code

NAICS code: See instructions.

.00

	

2020

Amount from federal Form 1120, Line 11
	

(See Schedule C, Line 1b).

.00

Yes (File Form CT‑1120 XCH separately).

.00



Schedule C – Computation of Amount Payable (Minimum Tax $250)
1a. Tax: Greater of Schedule A, Line 6; Schedule B, Line 6; or $250. ........................................................... 1a. 

.00

Surtax: Line 1a multiplied by 10%. If federal Form 1120, Line 11 is less than $100,000,000 or
1b.
Line 1a is $250 enter zero (“0”). ................................................................................................................ 1b. 

.00

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

.00

1.

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

.00

2.

Multiply Line 1 by 49.99% (0.4999). ............................................................................................................ 2. 

.00

3.

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

.00

4.

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

.00

5.

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

.00

6.

Balance of tax before PE credit: Subtract Line 5 from Line 1. ................................................................. 6. 

.00

7.

PE credit from Form CT‑1120PE, Line 3. ................................................................................................... 7. 

.00

8.

Balance of tax payable: Subtract Line 7 from Line 6, but not less than zero (“0”). ................................... 8. 

.00

9a. Paid with application for extension from Form CT‑1120 EXT. .................................................................. 9a. 

.00

9b. Paid with estimates from Forms CT‑1120 ESA, ESB, ESC, and ESD. .................................................... 9b. 

.00

9c. Overpayment from prior year. .................................................................................................................... 9c. 

.00

Tax payments: Enter the total of Lines 9a, 9b, and 9c. .............................................................................. 9. 

.00

10. Balance of tax due (overpaid): Subtract Line 9 from Line 8. .................................................................. 10. 

.00

11a. Penalty. .................................................................................................................................................... 11a. 

.00

11b. Interest. .................................................................................................................................................... 11b. 

.00

11c. Form CT‑1120I Interest. .......................................................................................................................... 11c. 

.00

11. Total penalty and interest: Enter the total of Lines 11a, 11b, and Line 11c. ........................................... 11.

.00

12a. Amount to be credited to 2021 estimated tax. ......................................................................................... 12a. 

.00

12b. Amount to be refunded. ........................................................................................................................... 12b. 
For faster refund, use Direct Deposit by completing Lines 12c, 12d, and 12e.

.00

9.

		

12c. Checking  	

Savings  	

12d. Routing #  	

12f. Will this refund go to a bank account outside the U.S.?  	

12e. Account # 
Yes	 12g. Bank name 

12. Total to be credited or refunded: Enter the total of Line 12a and Line 12b. .......................................... 12.

.00

13. Balance due with this return: Add Line 10 and Line 11. ........................................................................ 13. 

.00

You must complete Schedules A, B, and D (Page 2) and Schedules E, F, and G (Page 3) BEFORE completing Schedule C.
Attach a complete copy of Form 1120 including all schedules as filed with the Internal Revenue Service.

Form CT-1120 (Rev. 12/20)
Page 2 of 4

CT Tax Registration Number

1120 1220W 02 9999

Schedule A – Computation of Tax on Net Income
1.	

Net income: Enter amount from Schedule D, Line 24. If 100% Connecticut, enter also on Line 3. ...... 1.	 	.00

2.	

Apportionment fraction: Carry to six places. See instructions. .......................................................... 2.	 	

3.	

Connecticut net income: Multiply Line 1 by Line 2. ............................................................................ 3.	 	.00

4.	

Operating loss carryover from Form CT‑1120 ATT, Schedule H, Line 22, Column E. Do not
exceed 50% of Line 3. ....................................................................................................................... 4.	 	.00

5.	

Income subject to tax: Subtract Line 4 from Line 3. ........................................................................ 5.	 	.00

6.	

Tax: Multiply Line 5 by 7.5% (.075). ................................................................................................. 6.	 	.00

.

Schedule B – Computation of Minimum Tax on Capital
1.	

Minimum tax base from Schedule E, Line 6, Column C. If 100% Connecticut, enter also on Line 3.... 1.	 	.00

2.	

Apportionment fraction: Carry to six places. See instructions. .......................................................... 2.	 	

3.	

Multiply Line 1 by Line 2. ................................................................................................................... 3.	 	.00

4.	

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

5.	

Multiply Line 3 by Line 4, divide the result by 12. .............................................................................. 5.	 	.00

6.	

Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031. Maximum tax for Schedule B is $1,000,000. .6.	 	.00

.

Schedule D – Computation of Net Income
1.	

Federal taxable income (loss) before net operating loss and special deductions. ............................. 1.	 	.00

2.	

Interest income wholly exempt from federal tax. ................................................................................ 2.	 	.00

3.	

Unallowable deduction for corporation tax from Schedule F, Line 8. ................................................. 3.	 	.00

4.	

Interest expenses paid to a related member from Form CT‑1120AB, Part I A, Line 1. ..................... 4.	 	.00

5.	

Intangible expenses and costs paid to a related member from Form CT‑1120AB, Part I B, Line 3... 5.	 	.00

6.	

Federal bonus depreciation: See instructions. ................................................................................... 6.	 	.00

7.	

Business interest expense carried forward under IRC § 163(j) and deducted
for federal tax purposes in the current year. See instructions. ........................................................... 7.	 	.00

8.	

80% of IRC § 179 deduction. See instructions. ................................................................................. 8.	 	

9.	

Other: Attach explanation. ................................................................................................................. 9.	 	.00

.00

10.	 Total: Add Lines 1 through 9. ........................................................................................................... 10.	 	.00
11.	 Dividend deduction from Form CT‑1120 ATT, Schedule I, Line 5. .................................................. 11.	 	.00
12.	 Capital loss carryover (if not deducted in computing federal capital gain). ...................................... 12.	 	.00
13.	 Capital gain from sale of preserved land. ........................................................................................ 13.	 	.00
14.	 Federal bonus depreciation recovery from Form CT‑1120 ATT, Schedule J, Line 26. .................... 14.	 	.00
15.	 Exceptions to interest add back from Form CT‑1120AB, Part II A, Line 1. ..................................... 15.	 	.00
16.	 Exceptions to interest add back from Form CT‑1120AB, Part II A, Line 2. ..................................... 16.	 	.00
17.	 Exceptions to interest add back from Form CT‑1120AB, Part II A, Line 3. ..................................... 17.	 	.00
18.	 Exceptions to add back of intangible expenses paid to a related member from Form CT‑1120AB,
Part II B, Line 1. ............................................................................................................................... 18.	 	.00
19.	 25% of IRC § 179 deduction added back in the preceding two years. ............................................ 19.	 	.00
20.	 IRC § 163(j) business interest deduction disallowed for federal tax purposes. See instructions. .... 20.	 	

.00

21.	 Contributions from Connecticut or its municipalities included in Schedule D, Line 1. ..................... 21.	 	

.00

22.	 Other: See instructions. ................................................................................................................... 22.	 	.00
23.	 Total: Add Lines 11 through 22. ....................................................................................................... 23.	 	.00
24.	 Net income: Subtract Line 23 from Line 10. Enter here and on Schedule A, Line 1. ..................... 24.	 	.00

Form CT-1120 (Rev. 12/20)
Page 3 of 4
1120 1220W 03 9999

CT Tax Registration Number

Schedule E – Computation of Minimum Tax Base

	

See instructions.

	

Column A	

Column B	

Beginning of Year	

Column C

End of Year

1.	

Capital stock from federal Schedule L, Line 22a and Line 22b. 	

.00	

.00

2.	

Surplus and undivided profits from federal Schedule L,
Lines 23, 24, and 25. 	

.00	

.00

3.	

Surplus reserves: Attach schedule. 	

.00	

.00

4.	

Total: Add Lines 1, 2, and 3. Enter average in Column C. 	

.00	

.00	

.00

5.	

Holdings of stock of private corporations: Attach
schedule. Enter average in Column C. 	

.00	

.00	

.00

6.	

Balance: Subtract Line 5, Column C, from Line 4, Column C. Enter here and on Schedule B, Line 1. 		

.00

Schedule F – Taxes

	

Column A	

(Column A plus
Column B)
Divided by 2

Column B

1.	Payroll. ......................................................................................................................... 	 1.	

.00

2.	

Real property. ............................................................................................................... 	 2.	

.00

3.	

Personal property. ........................................................................................................ 	 3.	

.00

4.	

Sales and use. ............................................................................................................. 	 4.	

.00

5.	

Other: See instructions. ............................................................................................... 	 5.	

.00

6.	

Connecticut Corporation Business Tax deducted in the computation of federal taxable income. ........................... 	 6.	

.00

7.	

Tax on or measured by income or profits imposed by other states or political subdivisions deducted in the
computation of federal taxable income: Attach schedule. ........................................................................................ 	 7.	

.00

8.	

Total unallowable deduction for Corporation Business Tax purposes: Add Line 6 and Line 7, Column B.
Enter here and on Schedule D, Line 3. ....................................................................................................................	8.	

00

Schedule G – Additional Required Information

Attach a schedule of corporate officers’ names, titles, and addresses. See instructions.
1.	 In which Connecticut (CT) town(s) does the corporation own or lease, as lessee, real or tangible personal property, or perform services?
	
2. 	(a) Did this corporation directly or indirectly transfer a controlling interest in an entity owning CT real property?......	 
	If Yes, enter: Entity name  	
	

(b) Was there a direct or indirect transfer of a controlling interest in your company owning CT real property?..........	 

	

(c) If the answer to either 2(a) or 2(b) is Yes, enter: Transferee(s) name

	

Date of transfer	

No

Yes	



No

FEIN/SSN 

, and attach a list of addresses for all Connecticut real property transferred.

3.	 Did any corporation at any time during the year own a majority of the voting stock of this corporation?...................	 
	If Yes, enter: Corporation name	

Federal Employer ID Number

4.	 Last taxable year this corporation was audited by the Internal Revenue Service 
Were adjustments reported to CT? 



Federal Employer ID Number 

	If Yes, enter: Transferor name  		

	

Yes	

Yes	



No (If No, attach explanation).

Yes	



No

Form CT-1120 (Rev. 12/20)
Page 4 of 4
1120 1220W 04 9999

CT Tax Registration Number

Check All Applicable Boxes:
	1.	
	

Address change

	 2.	 Return status:	

	Initial	

	Final	

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

	

	

Dissolved	



Short period
Withdrawn



Merged/reorganized: Enter survivor’s Connecticut (CT) Tax Registration Number:

	 4.	 Federal return was filed on:
	



1120	

	

Consolidated basis: Parent co. name



1120‑H	



1120‑REIT	



1120‑RIC	

	

Other:



Parent co. FEIN

	 5.	 Did this company file as part of a Form CT‑1120CU for the previous year?	



Yes	





No

	 6.	 Does this company file as part of a Form CT‑1120CU and is filing this return to report non-unitary business income?
	

Yes	





No

		 If Yes, enter the CT Tax Registration Number of the group’s designated taxable member:
	 7.	 Is the principal place of business located in CT? 	

Yes	





No

		 If No, enter state where principal place of business is located:	
		 Date of organization:	

State of incorporation:

Date qualified in CT:	
M M - D D - Y Y Y Y



Date business began in CT:
M M - D D - Y Y Y Y

M M - D D - Y Y Y Y

	 8.	 Is this corporation exempt from CT Corporation Business Tax?
	

Yes (Attach explanation of exemption including statutory cite). 	

No

	 9.	 Did this corporation use the annualized method to calculate its estimated tax installments?
	

Yes (Attach Form CT‑1120I). 	



No

	10.	 Does this corporation pay, accrue, or incur interest expenses or intangible expenses, costs, and related interest expenses to a
related member?	

Yes (Attach Form CT‑1120AB). 	
No

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)	

This return MUST 	

Sign
Here
Keep a
copy of
this
return
for your
records.

Corporate officer’s signature	Date

be filed electronically!

Corporate officer’s email address (print)


M M - D D - Y Y Y Y

DO NOT MAIL paper return to DRS.

Title	

Telephone number

Paid preparer’s name (print)	

Firm’s name and address	

Paid preparer’s signature	

Firm’s FEIN	

May DRS contact the preparer Yes	No
shown below about this return?
Date	
M M - D D - Y Y Y Y

Preparer’s SSN or PTIN

Telephone number

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. Do not use staples.