DRS: 12-720(a)-3, Taxpayers electing additional withholding on Form CT-W4. Tax in excess of withholding - Repealed Effective 4/6/00

DRS has reproduced this regulation. This is an unofficial copy. Official copies of regulations ONLY are available from the Commission on Official Legal Publications. 111 Phoenix Avenue. Enfield, CT 06082. colp@jud.state.ct.us Copies of DRS forms and publications are available at http://www.ct.gov/drs

Repealed Effective 4/6/00

Connecticut Regulation, Reg. Sec.12-720(a)-3. Taxpayers electing additional withholding on Form CT-W4. Tax in excess of withholding.

(a) Nonwage income for which a taxpayer has elected to have additional taxes withheld from wages by an employer (or authorized person other than an employer who withholds taxes), pursuant to §12-705(a)-5 of Part IX, is deemed to be wages on which tax is withheld for purposes of §12-720(a)-1 of this Part. To the extent that the total amount of tax withheld by the employer (or authorized person other than an employer) can be reasonably expected to equal or exceed the tax liability of the taxpayer for all Connecticut taxable income received during the taxable year from all sources, the taxpayer is not required to make a declaration of estimated tax or estimated tax payments on Form CT-1040ES pursuant to this Part.

(b) However, all income tax withheld from a taxpayer’s wages, together with any additional withholding authorized by the taxpayer on Form CT-W4 pursuant to subsection (a) of this section, is deemed to be payments of estimated tax. The total amount withheld for the taxable year is divided by the number of installments of estimated tax due for the year and the result is deemed to be paid on the due date of each installment unless the taxpayer establishes the dates on which all amounts were actually withheld during the taxable year, in which event all amounts withheld shall be considered as payments of estimated tax on the dates that such amounts were actually withheld during the taxable year.

(c) While this section pertains to Section 12-720(a) of the general statutes, for purposes of supplementary interpretation, as the phrase is used in Section 12-2 of the general statutes, the adoption of this section is authorized by Section 12-740(a) of the general statutes.

(Effective 11/18/1994)