CT-1041 booklet, Connecticut Income Tax Return for Trusts and ...

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Table of ContentsWhat's New ........................................................... 4Increase in Flat Income Tax Rate .......................................4Payment Option ..............................................................4Electing Small Business Trust (ESBT) ...............................4Domestic Production Activity Deduction ............................4Other Taxes for Which the Trust or EstateMay Be Liable .................................................... 4Controlling Interest Transfer Taxes .................................4Connecticut Income Tax Withholding .............................4Definitions ............................................................5General Information .............................................6How to Get Help ............................................................. 6Forms and Publications ................................................. 6Where to File ..................................................................6File Electronically . . .6File a Paper Return . . .6Who Must File Form CT-1041 ........................................ 6Federal Form 1041-A and 5227 Filers . . . 6Connecticut Tax Returns for Individuals ......................... 7Tax Returns for Decedents . . . 7Change of Residence of the Grantorof a Revocable Trust .................................................. 7Connecticut Taxable Income forCertain Inter Vivos Trusts ........................................... 7How Part-Year Resident Trusts Are Taxed ..................... 7Connecticut Income Taxation ofBankruptcy Estates .................................................... 7Connecticut Income Taxation ofDebtors Who Are Individuals ...................................... 8Qualifi ed Funeral Trusts (QFT) .......................................8Composite Return . . . 8Reporting for a Portion of a Resident Trust . . .8Special Accruals ............................................................. 8Surety Bond in Lieu of Special Accruals . . . 9Taxable Year and Method of Accounting ........................ 9When to File Form CT-1041 ........................................... 9Using the 2009 Form CT-1041 for aTaxable Year Beginning in 2010 ................................. 9Extension Requests .......................................................9Extension of Time to File . . . 9Extension of Time to Pay the Tax . . . 10Estimated Tax Payments .............................................102010 Estimated Tax Due Dates . . . 10Required Annual Payment . . . 10Guidelines for Banking Institutions . . . 11Annualized Income Installment Method . . . 11Special Rules for Farmers and Fishermen . . . 11Interest on Underpayment of Estimated Tax . . . 11Filing Form CT-2210 . . . 11Interest and Penalties .................................................11Interest . . . 11Penalty for Late Payment or Late Filing . . . 11Penalty for Failure to File . . . 12Waiver of Penalty ......................................................... 12Recordkeeping ............................................................. 12Copies of Returns .........................................................12Order in Which to Complete Form CT-1041and Schedules ..........................................................12Instructions for Form CT-1041 ...........................13Filing Year .....................................................................13Federal Employer Identifi cation Number (FEIN) ...........13Name, FEIN, and Address ............................................13Type of Return ............................................................. 13Resident Status ............................................................13Type of Entity ............................................................... 13Rounding Off to Whole Dollars .................................... 13Negative Numbers ....................................................... 13Form CT-1041 Quick-FileRequirements ...........................................................13Form CT-1041 Quick-FileLine Instructions ...................................................... 13Form CT-1041 Line Instructions .................................. 14Who Must Sign the Return ............................................15Paid Preparer Signature .............................................. 15Mailing the Return .........................................................15Credit for Income Taxes Paid toQualifying Jurisdictions ............................................ 15Worksheet Instructions ................................................ 16Worksheet for Credit for Income TaxesPaid to Qualifying Jurisdictions ................................ 17Connecticut Fiduciary Adjustment ............................... 17Amount Paid or Set Aside for CharitablePurposes . . . 17Member of a Pass-Through Entity . . . 17Beneficiary of Another Trust or Estate . . . 18Entering Additions and Subtractions . . . 18Instructions for Schedule A .............................. 18Additions to Federal Taxable Income .......................... 18Subtractions From Federal Taxable Income ................ 19Form CT-1041, Questions A, B, and C ........................ 19Instructions for Schedule CT-1041B ................ 20Part 1 - Shares of ConnecticutFiduciary Adjustment ............................................... 20Part 2 - Percentage of Resident‚Noncontingent Benefi ciaries .................................... 20Instructions for Schedule CT-1041C . ............... 21Instructions for Schedule CT-1041FA .............. 22Part 1 - Computation of Connecticut Taxof a Nonresident Estate or Trust andPart-Year Resident Trust ......................................... 22Part 2 - Trust or Estate’s and Benefi ciary’s Shareof Income From Connecticut Sources ..................... 23Part 3 - Details of Federal Distributable NetIncome and Amounts of Income DerivedFrom or Connected With Sources WithinConnecticut ............................................................. 23Amended Return ................................................ 26Page 3
Page 1: 2009FORMCT-1041ConnecticutIncome Ta
Page 8 and 9: and income from property acquired b
Page 10 and 11: Form CT-1041 EXT only extends the t
Page 12 and 13: is greater. If a request for an ext
Page 14 and 15: Line 2 - Connecticut Income TaxMult
Page 16 and 17: The allowable credit must be separa
Page 18 and 19: Beneficiary of Another Trust or Est
Page 20 and 21: Instructions for Schedule CT-1041BP
Page 22 and 23: Line 10 - Connecticut Taxable Incom
Page 24 and 25: during the nonresidency portion of
Page 26 and 27: Use Form CT-1041 to amend a previou
Page 28: Department of Revenue ServicesState

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