Get CT DRS CT-1120DA 2016

Connecticut State Department of Revenue Services If you did not file federal Form 4868, you can apply for a six-month extension to file your Connecticut income tax return provided you have good cause for your request.

Unlike the IRS, Connecticut grants all taxpayers an automatic 6-month extension (which means you do not file an extension in Connecticut) of time to file penalty free beyond the April 15, 2019 due date.

All corporations are expected to pay their state tax liability by the original filing deadline (April 1), or else penalties will apply. You can make a payment online using the TSC (see above link), or mail a payment with your Connecticut extension request (Form CT-1120).

You can make a state tax payment electronically using Connecticut's TSC (see above link), or you can mail a tax payment with Form CT-1040 EXT. If you have a valid Federal tax extension (IRS Form 4868), you do not need to provide a reason for requesting a Connecticut tax extension.

E-file Information for Income Taxpayers. The Federal/State Electronic Filing Program (e-file) is a "one-stop filing" program between the Internal Revenue Service (IRS) and the Connecticut Department of Revenue Services (DRS).

WHAT IS Filing Extension. A filing extension is an exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date. Individuals can complete and file IRS Form 4868 by the regular date of their return, which is usually April 15, for an automatic six-month extension.

The IRS reminds taxpayers who requested an extra six months to file their 2017 tax return that Monday, October 15, 2018, is the extension deadline for most taxpayers.

The Cons of Filing an Extension An extension will give you extra time to file your return, but any tax you owe is still due by the original deadline. An extension can help reduce penalties, but any outstanding balance will still be charged a late payment penalty of 0.5 percent per month and interest.

File Form 4868 by the regular due date of your return. Although you aren't required to make a payment of the tax you estimate as due, Form 4868 doesn't extend the time to pay taxes. If you don't pay the amount due by the regular due date, you'll owe interest.

The fastest and easiest way to get the extra time is through the Free File link on IRS.gov. In a matter of minutes, anyone, regardless of income, can use this free service to electronically request an automatic tax-filing extension on Form 4868. Filing this form gives taxpayers until Oct. 15 to file a return.

The amount of the PE Tax Credit is equal to your direct and indirect pro-rata share of the PE Tax paid by the pass-through entity multiplied by 93.01%. You can use the PE Tax Credit against your Connecticut income tax liability.

Is my local Motor Vehicle Tax in Connecticut deductible on my federal taxes? Yes. You can take a deduction on your federal tax return for the personal property tax that you paid in 2016 as long as you qualify to itemize your deductions.

Is my local Motor Vehicle Tax in Connecticut deductible on my federal taxes? Yes. You can take a deduction on your federal tax return for the personal property tax that you paid in 2016 as long as you qualify to itemize your deductions.

Deductible Taxes and Fees The IRS allows you to deduct sales tax you paid on a car purchase by itemizing on Schedule A on Form 1040. If you don't itemize, you can't deduct sales tax. You may deduct the tax whether it's charged on a new or used car, and whether you buy from a car dealer or a private party.

Private sales of vehicles other than passenger cars and light duty trucks mentioned above are charged 6.35% (or 7.75% for vehicles over $50,000) sales and use tax based on the purchase price of the vehicle. A Bill of Sale is required.