Get Form Ct-1120 Edpc 2012 - Formupack

Filling out the Form CT-1120 EDPC 2012 is essential for claiming the property tax credit for electronic data processing equipment in Connecticut. This guide will walk you through the process step-by-step, ensuring a smooth and accurate completion of the form.

Follow the steps to complete the form effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the income year beginning and ending dates in the designated fields at the top of the form. Specify the Connecticut tax registration number of your corporation and the full name of the corporation as required.
3. In Part I – Credit Computation, you will need to input the amount of personal property taxes paid or incurred on electronic data processing equipment based on the October 1, 2011 grand list. Ensure that you also enter this amount on Form CT-1120K, Part I-E, Column B and/or Form CT-207K, Part 1-A, Column B.
4. Proceed to Part II – Computation of Carryforward. Begin by filling out Column A with your total credit earned, then input the credits applied for the years 2007 through 2011 in Column B.
5. For Column C, calculate the carryforward to 2012 by subtracting Column B from Column A for each relevant year.
6. Fill in Column D with the amounts of the credit applied to 2012. This involves listing the total electronic data processing property tax credit applied during 2012.
7. In Column E, document any carryforward amounts to 2013 by subtracting the amounts in Column D from those in Column C.
8. Once all sections are filled out accurately, review the entire form for completeness before saving your changes, downloading, printing, or sharing the document.

Ensure you complete your form online to take advantage of your eligible property tax credit.