1 2017 Connecticut FORM nonresident and CT-1040 part - year resident NR/PY Income Tax This booklet Return and Schedules contains: Form CT-1040NR/PY Additional instructions to complete Form CT-1040NR/PY are available on the Schedule CT-SI DRS website at Schedule CT-1040AW. Schedule CT-CHET. File Electronically Tax Tables File electronically .. it is secure, fast, and free! Visit to electronically file. Tax Calculation See Taxpayer Service Center, on Page 6. Schedule Use Tax Information Refund Options Direct Deposit Choose direct deposit for the fastest way to receive your Connecticut income tax refund. Direct deposit is not available for first time Connecticut filers. DRS.
2 Epartment of evenue Paper Check ervices If you do not elect or qualify for direct deposit, your refund will be issued by paper check. Processing a paper check may increase the time it takes for you to receive your refund. Tax information is Protecting Taxpayer Information and Refunds available on the DRS Security of taxpayer information and financial transactions is a top website at priority for DRS to better protect your personal information and assure that refunds are delivered to their rightful owners. File early to protect your refund from identity thieves. What's New Connecticut nonresident and part - year resident Do not apply the apportionment fraction to income from the rental Income Tax Booklet of real property or gains or losses from the sale of real property.
3 The entire rental income from Connecticut real property or gain from This is a condensed version of the Connecticut nonresident and the sale of the property is allocated to Connecticut and the entire part - year resident Income Tax Instruction booklet. It contains amount of any loss from the sale is allocated to Connecticut . Rental Form CT-1040NR/PY, Schedule CT-SI, Schedule CT-1040AW, income from real property located outside Connecticut or any gain Schedule CT-CHET, Tax Tables and Tax Calculations Schedule. or loss from the sale of this property is allocated out of state. Additional information for filing Form CT-1040NR/PY, If receipts from the sale of tangible personal property are excluded Connecticut nonresident and part - year resident Income Tax Return from the sales factor, the net gain (or loss) from such sale should along with instructions for completing Schedule 1 - Modifications be allocated to the state where the property is located and is not to Federal Adjusted Gross Income, Schedule 2 - Credit for Income subject to apportionment.
4 Taxes Paid to Qualified Jurisdictions, Schedule 3 - Individual Use Tax, and Schedule 4 - Contributions to Designated Charities is See Special Notice 2017(1), Legislative Changes Regarding Single- available on the DRS website at Sales Factor Apportionment and Market Based Sourcing. Angel Investor Tax Credit Income Tax Exemption for Teacher Pensions The Form CT-AIT, Angel Investor Tax Credit is now obsolete. For taxable years beginning on or after January 1, 2017, as long You must use Schedule CT-IT Credit to calculate the amount of as you properly include it in gross income for federal income tax the Angel Investor Tax Credit you can claim on your return. If you purposes, when determining your Connecticut adjusted gross are claiming the Angel Investor Tax Credit, you must complete income, the allowable subtraction modification from federal part III of the Schedule CT-IT Credit.
5 Adjusted gross income will remain at 25% of pension payments received from the Connecticut teacher's retirement system. Single Sales Factor Apportionment and Market-Based Sourcing Crumbling Foundations Subtraction For taxable years beginning on or after January 1, 2017, a business, Modification trade, profession, or occupation carried on in Connecticut and outside In determining a taxpayer's Connecticut adjusted gross income of Connecticut must apportion its income using a single factor gross (AGI), a taxpayer is allowed a subtraction modification for the income percentage. These multistate businesses are required to following amounts, to the extent that any of these amounts are utilize market-based sourcing for purposes of determining their properly included in federal adjusted gross income for the taxable gross income percentage.
6 Businesses must source receipts from the year : sales of services and intangible property on a market basis. Receipts from the rental, lease, or license of tangible personal property are Amount of any financial assistance received by the taxpayer sourced according to the location of the property. Receipts from the from the Crumbling Foundations Assistance Fund;. sale of tangible personal property continue to be sourced based upon Amounts paid to or on behalf of the taxpayer, as the owner of the location of the purchaser. Businesses that cannot reasonably a residential building, under the Collapsing Foundations Credit determine where their receipts should be sourced under the statutory Enhancements Program; or rules may petition the Commissioner to use an alternate method that Amount of financial assistance received from a municipality reasonably approximates such sourcing rules.
7 By the taxpayer, as the owner of a residential building, to repair Sales of intangible property and tangible personal property are concrete foundations that have deteriorated due to the presence excluded from the apportionment calculation (numerator and of pyrrhotite. denominator) if such property is not held by the business primarily for sale to customers in the ordinary course of the company's trade or business. Timely Filed Returns April 17, 2018. The 2017 Connecticut income tax return (and payments) will be considered timely filed if filed on Tuesday, April 17, 2018. In 2018, the due date for filing a Connecticut income tax return (April 15) falls on a Sunday.
8 The next business day is Monday, April 16, which is a legal holiday in the District of Columbia (Emancipation Day). Therefore, for filing purposes the next business day is Tuesday, April 17, 2018. Page 2. Organ Donation Expenses Subtraction Penalty Waiver Requests Modification There is a one year statute of limitations imposed on penalty waiver In determining a taxpayer's Connecticut AGI, a taxpayer is requests received on or after July 1, 2017. The Commissioner cannot allowed a subtraction modification for certain costs incurred by a consider a request received more than one year from the date a notice taxpayer during the taxable year in connection with the donation of such penalty was first sent to the taxpayer requesting the waiver.
9 To another person of human bone marrow, or all or part of a human liver, pancreas, kidney, intestine or lung for purposes of organ For a taxpayer who self reports the penalty on his or her tax return, transplantation. The costs include lost wages, medical expenses, the filing date of such return is considered the date on which the travel expenses, and housing expenses, but the subtraction taxpayer was notified of such penalty. See Policy Statement 2017(6), modification cannot exceed $10,000. Requests for Waiver of Civil Penalties. Internal Revenue Code section 457A Deferred Paid Preparers Compensation All paid tax preparers preparing any Connecticut personal income tax The Tax Extenders and Alternative Minimum Tax Relief Act of return are required to sign the return(s) and include their tax preparer tax identification number (PTIN) issued by the Internal Revenue 2008 enacted Internal Revenue Code section 457A.
10 Service. You are no longer allowed to use your Social Security Number. Section 457A applies to deferred compensation paid to any service You must use your PTIN. If your PTIN is not used, a civil penalty provider under a nonqualified deferred compensation plan that of $500 may be imposed. See Special Notice 2017(8), New is attributable to services performed after December 31, 2008. Requirements for Income Tax Preparers and Facilitators of Refund Deferred compensation earned before January 1, 2009 must be Anticipation Loans or Checks. reported on or before taxable year 2017. This requirement includes management companies providing services to offshore hedge funds. New Contributions to Designated Charities Pursuant to Conn.