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Department of Revenue Services State of Connecticut

(Rev. 12/10)

Form CT-1120U	2010
Unitary Corporation Business Tax Return

Enter Income Year Beginning ____________________, 2010, and Ending _____________________________________

Total assets

Name of parent or designated Connecticut parent corporation

Parent or Designated CT Parent



Connecticut Tax Registration Number

Gross receipts



Address

number and street

PO Box



DRS use only

NAICS code: See instructions.





–

– 20

City or town

State

ZIP code

Audited by

 F O



Federal Employer ID Number (FEIN)

Check All Applicable Boxes

1. Address change

2. Unitary return status: Final Short period

Has any corporation within the group:  Dissolved  Withdrawn  Merged/Reorganized: Enter survivor’s CT Tax Reg # _______________________________

Is this the ﬁ rst year this group is ﬁ ling a unitary return?

 Yes (Attach Form CT-1120Q and Form CT-1120CC.)

 No

Visit the DRS Taxpayer

Does any nexus company pay, accrue, or incur interest expenses or intangible expenses, costs, and related

Service Center (TSC) at

interest expenses to a related member?

 Yes (Attach Form CT-1120AB.)

 No

Is the unitary group exchanging R & D tax credits?

 Yes (Attach Form CT-1120 XCH.)

 No

www.ct.gov/TSC

Did the unitary group annualize its estimated tax payments?

 Yes (Attach Form CT-1120I.)

 No

to pay this

Is any corporation ﬁ ling Form CT-1120 PIC?

 Yes (Attach Form CT-1120 PIC.)

 No

return electronically.

Schedule of Corporations Included in the Unitary Return IF ADDITIONAL LINES ARE NEEDED, ATTACH A SCHEDULE.

	Corporation Name	Nexus		CT Tax Registration Number*		FEIN
	Corporation Name	With CT ()		CT Tax Registration Number*		FEIN
1.	Common parent or designated Connecticut parent			— ____
2.				—	000
3.				—	000

*CT Tax Registration Number must be included for parent and all afﬁ liates, if applicable.

Minimum Tax Calculation

1.	. .................................................Enter the total number of corporations included in this unitary return				1

2.	Minimum tax: Multiply Line 1 by $250				2			00

	– Attach a Complete Copy of Form 1120 Including all Schedules as Filed With the Internal Revenue Service –
Schedule A – Computation of Tax on Net Income

1.	Net income from Schedule D, Line 22				1			00

2.	Apportionment fraction from Form CT-1120A, Schedule R				2		0.

3.	Connecticut net income: Multiply Line 1 by Line 2				3			00

4.	Operating loss carryover: See instructions				4			00

5.	Income subject to tax: Subtract Line 4 from Line 3				5			00

6.	Tax: Multiply Line 5 by 7.5% (.075)				6			00
Schedule B – Computation of Minimum Tax on Capital

1.	Minimum tax base from Schedule E, Line 6, Column C				1			00

2.	Apportionment fraction from Form CT-1120A, Schedule S				2		0.

3.	Multiply Line 1 by Line 2.	......................................................................................................................			3			00

4.	Number of months covered by this return				4

5.	Multiply Line 3 by Line 4.	Divide the result by 12			5			00

6.	Tax (3 and 1/10 mills per dollar): Multiply Line 5 by .0031				6			00
Schedule C – Computation of Amount Payable

1a. Tax: Enter the greater of Schedule A, Line 6; Schedule B, Line 6; or the minimum tax calculation.				....	1a			00

1b. Surtax: If Line 1a is the minimum tax calculation, enter “0.” Otherwise, multiply Line 1a by 10% (.10). 1b								00

1c.	Recapture of tax credits: See instructions				1c			00
. ......1. Total tax: Enter the total of Lines 1a through 1c. If no tax credits claimed, also enter on Line 6						1		00

2.	Multiply Line 1 by 30% (0.30)				2			00

3.	Enter the greater of Line 2 or minimum tax				3			00

4.	Tax credit limitation: Subtract Line 3 from Line 1				4			00

5.	Tax credits from Form CT-1120K, Part II, Line 11. See instructions. Do not exceed amount on Line 4.				5			00

6.	Balance of tax payable: Subtract Line 5 from Line 1				6			00

7a. Paid with application for extension from Form CT-1120 EXT			.........................................................................		7a			00

7b. Paid with estimates from Forms CT-1120 ESA, ESB, ESC, & ESD					7b			00

7c. Overpayment from prior year					7c			00

7. Tax payments: Enter the total of Lines 7a, 7b, and 7c					7			00

8.	Balance of tax due (overpaid): Subtract Line 7 from Line 6				8			00

9.	Add: Penalty (9a)	.00 Interest (9b)	.00 CT-1120I Interest (9c)	.00		9		00
10.	Amount to be credited to 2011 estimated tax (10a)		.00 Refunded (10b)	.00		10		00
11.	Balance due with this return: Add Line 8 and Line 9				11			00

Schedule D – Computation of Net Income

1.	Federal taxable income (loss) before net operating loss and special deductions ..........................................1	00
2.	Interest income wholly exempt from federal tax .............................................................................................2	00
3.	Unallowable deduction for corporation tax from Schedule F, Line 4 ..............................................................3	00
4.	Interest expenses paid to a related member from Form CT-1120AB, Part I A, Line 1 ................................4	00
5.	Intangible expenses and costs paid to a related member from Form CT-1120AB, Part I B, Line 3 ............ 5	00
6.	Federal bonus depreciation: See instructions. ...............................................................................................6	00
7.	Cancellation of debt income deferred on IRC §108(i) election statement ......................................................7	00
8.	IRC §199 domestic production activities deduction from federal Form 1120, Line 25 ....................................8	00
9.	Other: Attach explanation. ..............................................................................................................................9	00
10.	Total: Add Lines 1 through 9. ..........................................................................................................................10	00
11.	Dividend deduction from Form CT-1120 ATT, Schedule I, Line 5 ..................................................................11	00
12.	Capital loss carryover (if not deducted in computing federal capital gain) .....................................................12	00
13.	Capital gain from sale of preserved land ........................................................................................................13	00
14.	Federal bonus depreciation recovery from Form CT-1120 ATT, Schedule J, Line 11 ...................................14	00
15.	Exceptions to interest add back from Form CT-1120AB, Part II A, Line 1 .....................................................15	00
16.	Exceptions to interest add back from Form CT-1120AB, Part II A, Line 2 .....................................................16	00
17.	Exceptions to interest add back from Form CT-1120AB, Part II A, Line 3 .....................................................17	00
18.	Exceptions to add back of intangible expenses paid to a related member
	from Form CT-1120AB, Part II B, Line 1 .....................................................................................................18	00
19.	Reserved for future use ..................................................................................................................................19
20.	Other: See instructions. ..................................................................................................................................20	00
21.	Total: Add Lines 11 through 20. ......................................................................................................................21	00
22.	Net income: Subtract Line 21 from Line 10. Enter here and on Schedule A, Line 1. .....................................22	00

Schedule E – Computation of Minimum Tax Base		Column A		Column B		Column C
	See instructions.	Beginning of Year		End of Year		(Column A plus
1.	Capital stock from federal Schedule L, Line 22a and Line 22b		00		00
						Column B)
2.	Surplus and undivided proﬁ ts from federal Schedule L, Lines 23, 24, and 25		00		00
						Divided by 2
3.	Surplus reserves: Attach schedule		00		00
4.	Total: Add Lines 1, 2, and 3. Enter average in Column C		00		00		00
5.	Holdings of stock of private corporations: Attach schedule. Enter average in Column C.		00		00		00
6.	Balance: Subtract Line 5, Column C, from Line 4, Column C. Enter here and on Schedule B, Line 1						00

Schedule F – Taxes

1.Connecticut corporation business taxes deducted in the computation of federal taxable income ......................

2.Other taxes: See instructions. .............................................................................................................................

3.Tax on or measured by income or proﬁ ts imposed by other states or political subdivisions deducted in the computation of federal taxable income: Attach schedule. ...................................................................................

4.Total unallowable deduction for corporation business tax purposes: Add Line 1 and Line 3. Enter here and on Schedule D, Line 3. .............................................................................................................................................

Declaration: I declare under penalty of law that I have examined this return (including any accompanying schedules and statements) and, to the best of my knowledge and belief, it is true, complete, and correct. I understand the penalty for willfully delivering a false return or document to the Department of Revenue Services (DRS) is a ﬁne of not more than $5,000, imprisonment for not more than ﬁve years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.

	Corporate ofﬁcer’s name (print)		Corporate ofﬁcer’s signature				Date	May DRS contact the preparer
								May DRS contact the preparer
Sign Here								shown below about this return?
Sign Here									Yes  No 
	Title				Telephone number				Yes  No 
Keep a copy					(	)
of this	Paid preparer’s name (print)		Paid preparer’s signature				Date	Preparer’s SSN or PTIN
return for
your
your	Firm’s name and address				FEIN			Telephone number
records.	Firm’s name and address				FEIN			Telephone number
records.								(	)
								(	)
Mail return with payment to:		Mail return without payment to:		Make check payable to:
Department of Revenue Services		Department of Revenue Services			Commissioner of Revenue Services
State of Connecticut		State of Connecticut
PO Box 2974		PO Box 150406
Hartford CT 06104-2974		Hartford CT 06115-0406

Form CT-1120U Back (Rev. 12/10)

Question	Answer
Form Name	Form Ct 1120U
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	ct 1120u ct 1120u instructions form

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