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Regulations of Connecticut State Agencies

12-740(a)

Income Tax

Department of Revenue Services

12-740(a)-1Preamble and table of contents to Connecticut income tax regulations 12-701(a)(1)-1Resident of this state 12-701(a)(20)-2Modifications increasing federal adjusted gross income 12-701(a)(20)-3Modifications reducing federal adjusted gross income 12-701(a)(20)-4Modification for Connecticut fiduciary adjustment 12-701(a)(20)-5Modification of federal adjusted gross income for partnership income or loss reportable by resident partner 12-701(a)(20)-6Connecticut adjusted gross income of resident shareholder of S corporation 12-711(b)-1Connecticut adjusted gross income derived from or connected with sources within this state 12-711(b)-3Items attributable to real or tangible personal property in Connecticut 12-711(b)-4Business, trade, profession or occupation carried on in Connecticut 12-711(b)-5Income from intangible personal property 12-711(b)-6Deductions with respect to capital losses, passive activity losses and net operating losses 12-711(b)-7Compensation not constituting income derived from Connecticut sources 12-711(b)-8Rentals and gains from the sale or exchange of real property 12-711(b)-9Earnings of salespersons 12-711(b)-10Employees compensated on mileage basis 12-711(b)-11Wages of nonresident seamen 12-711(b)-12Pension or other retirement benefit plans 12-711(b)-13Income from vessels 12-711(b)-14Prizes, awards and similar payments 12-711(b)-15Other methods of apportionment 12-711(b)-16Incentive stock options 12-711(b)-17Property transferred in connection with the performance of services 12-711(b)-18Nonqualified stock options 12-711(b)-19Nonqualified deferred compensation 12-711(b)-20Covenants not to compete 12-711(c)-1Income and deductions partly from Connecticut sources 12-711(c)-2Business, trade, profession or occupation carried on wholly within Connecticut 12-711(c)-3Business, trade, profession or occupation carried on partly within and partly without Connecticut 12-711(c)-4Allocation and apportionment of income from a business, trade, profession or occupation carried on partly within and partly without Connecticut 12-711(c)-5Earnings of nonresident employees and officers rendering personal services within Connecticut 12-711(c)-6Special rules for security and commodity brokers 12-711(c)-7Professional athletes and entertainers 12-711(d)-1Military pay 12-711(f)-1Purchase and sale for own account 12-712(d)-1Alternate method of allocation 12-700(c)-1Part-year resident individuals 12-700(c)-2Part-year resident trusts 12-701(a)(6)-1Change of residence of trust 12-717(a)-1Part-year resident individuals: income derived from or connected with sources within Connecticut 12-717(b)-1Part-year resident trusts: income derived from or connected with sources within Connecticut 12-717(c)(1)-1Special accruals: change from resident to nonresident 12-717(c)(2)-1Special accruals: change from nonresident to resident 12-717(c)(3)-1Accrued items not to be included in subsequent taxable periods 12-717(c)(4)-1Special accruals not required in certain cases 12-717-1Part-year residents: capital losses and passive activity losses 12-717-2Part-year residents: net operating loss deduction 12-717-3Part-year residents: income or loss from business, trade, profession or occupation 12-717-4Part-year residents: distributive or pro rata share of partners and S corporation shareholders 12-701(a)(4)-1Resident trust or estate 12-701(a)(9)-1Connecticut taxable income of a resident trust or estate 12-701(a)(10)-1Definition of Connecticut fiduciary adjustment 12-701(a)(10)-2Modifications comprising the Connecticut fiduciary adjustment: additions 12-701(a)(10)-3Modifications comprising the Connecticut fiduciary adjustment: subtractions 12-701(a)(10)-4Treatment of set-asides for charitable purposes 12-713(a)-1Connecticut taxable income derived from or connected with sources within Connecticut of a nonresident trust or estate 12-713(a)-2Share of a nonresident trust or estate in distributable net income 12-713(a)-3Items not in distributable net income of a nonresident trust or estate 12-713(a)-4Items derived from or connected with Connecticut sources of a nonresident trust or estate 12-714(a)-1Share of a nonresident trust, estate or beneficiary in income from Connecticut sources 12-714(a)-2Character of items 12-716(a)-1Allocating the Connecticut fiduciary adjustment among trust or estate and its beneficiaries 12-716(b)-1Method of attributing certain modifications among trust or estate and beneficiaries 12-702(c)(1)-1Connecticut income tax returns of husband and wife 12-702(c)(1)-2Relief of spouse from Connecticut income tax liability on joint Connecticut income tax return 12-702(c)(1)-3Enrolled member of federally recognized tribe 12-704(a)-1Resident or part-year resident credit for taxes paid to another state, political subdivision of another state, the District of Columbia, a province of Canada or political subdivision of a province of Canada 12-704(a)-2Limitations—general 12-704(a)-3Limitations where credit is claimed for income taxes paid both to a qualifying jurisdiction and also to one or more of its political subdivisions 12-704(a)-4Definitions 12-704(b)-1Amended Connecticut income tax return to report any change in the amount of income tax required to be paid to a qualifying jurisdiction 12-704(c)-1Disallowance where credit is claimed against the income tax imposed by a qualifying jurisdiction for a taxpayer's Connecticut tax liability 12-704(d)-1Conn. Agencies Regs. § 12-704(d)-1 12-712(a)(2)-1Nonresident shareholder's pro rata share of S corporation income derived from or connected with sources within Connecticut 12-712(b)-1Special rules as to nonresident partners 12-715(a)-1Modification of partnership items in partner's income tax return 12-715(a)-2Modification of S corporation items in shareholder's income tax return 12-715(b)-1Character of partnership items 12-715(b)-2Character of S corporation items 12-715(c)-1Connecticut income tax avoidance or evasion 12-726(a)-1Informational return required from partnership 12-726(b)-1Informational return required from S corporation 12-701(a)(11)-1Estimated tax 12-701(a)(12)-1Required annual payment 12-722-1Estimated tax payments by husband and wife. Change of status. Death of a spouse 12-722(a)-1Addition to tax not subject to interest or penalty 12-722(d)(2)-1Annualized income installments 12-722(n)-1Installments due after date of death 12-705(a)-1Requirement of withholding 12-705(a)-2Determining Connecticut income tax to be deducted and withheld from wages paid to resident employees 12-705(a)-3Certain supplemental compensation 12-705(a)-4Withholding or exemption certificate 12-705(a)-5Addition to or reduction from withholding 12-705(a)-6Determining Connecticut income tax to be withheld on wages paid to nonresident employees 12-705(a)-7Wages paid through an agent, fiduciary or other person on behalf of two or more employers 12-705(a)-8Furnishing amended withholding or exemption certificate 12-705(b)-1Professional athletes and entertainers 12-705(b)-2Gambling winnings 12-705(b)-3Withholding for resident individuals who are recipients of pensions or annuities 12-705(b)-4Distributions 12-705(b)-5Liability of third parties paying wages 12-705(c)-1Voluntary withholding other than by employers 12-705(c)-2Voluntary withholding by employers 12-705(c)-3Voluntary withholding for military retirees 12-705(c)-4Voluntary withholding for civil service retirees 12-706(b)-1Wage and tax statement 12-707-1Schedule for filing withholding tax returns and payment of taxes 12-707-2Liability for tax 12-707-3Withheld taxes trust fund 12-723-1Extension of time for filing returns 12-723-3Extension of time for payment of Connecticut income tax 12-723-4Extension of time to file informational returns 12-723-5Extension of time to file withholding tax returns 12-723-6Person other than taxpayer requesting extension 12-723-7Definitions 12-725-1Signing of Connecticut income tax returns, declarations, statements or other documents 12-725-2Signing of Connecticut returns prepared by a person other than the taxpayer 12-727(a)-2Informational reporting by certain employers, payers or real estate reporting persons 12-740-1Who must file a Connecticut income tax return 12-740-2Returns by or for minors or persons under a disability 12-740-3Returns by receivers 12-740-4Returns for decedents 12-740-5Filing of fiduciary income tax return 12-740-6Connecticut income tax returns for short taxable periods 12-740-8Filing of returns by nonresident aliens or persons who have not been issued a social security number 12-728(a)-1Interest on deficiency assessments 12-728(a)-2Penalties on deficiency assessments 12-728(b)-1Notice of deficiency 12-731-1Mathematical errors 12-732(a)-1Claim for refund 12-732(a)-2Claim for refund by nonobligated spouse 12-732(b)-1Timely filing of claim for refund after the three-year period provided by section 12-732(a)12-733(a)-1Notice of proposed deficiency 12-733(f)-1Agreement extending time for assessing deficiency or claiming refund 12-734-1Liens 12-735(a)-1Penalties and interest 12-735(b)-1Commissioner's assessment on best information 12-735(d)-1Penalty for failure to file statement of payment to another person 12-736(a)-1Penalty on responsible person or persons 12-739(d)-1Application of reported overpayments 12-742-1Offset of refunds against certain debts or obligations 12-708-1Accounting period 12-708-3Method of changing accounting period 12-708-4Short taxable year resulting from a change in accounting period 12-708-5Connecticut returns of trusts, estates or partnerships for short taxable years 12-708-6Accounting methods 12-708-7Change of accounting method 12-708-8Change other than from accrual to installment method of accounting 12-708-9Change from accrual to installment method of accounting 12-701(b)-1Definitions 12-727(b)-1Timely-amended federal income tax returns 12-727(b)-2Report of amended federal income or income tax withholding return 12-727(b)-3Federal changes not binding 12-727(b)-4Final determination 12-727(b)-5Recomputation of Connecticut income tax 12-740(c)-2Records of employers and other persons required to file Connecticut informational returns