DRS: 12-720(a)-5, Group declaration for nonresident partners, S corporation shareholders and trust or estate beneficiaries - Repealed Effective 4/6/00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Repealed Effective 4/6/00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)-5. Group declaration for nonresident partners, S corporation shareholders and trust or estate beneficiaries.

(a) A partnership that has elected to file a group return under 12-719-1 of Part XI shall file a group declaration of estimated tax (Form CT-G-ES) on behalf of each of its qualified electing nonresident partners, the tax on whose Connecticut taxable income derived from or connected with sources within this state, other than the tax withheld from wages or other income pursuant to Part IX, can reasonably be expected to exceed $200. Appropriate estimated tax payments shall be made in the manner set forth in this Part, based upon the taxable year of the qualified electing nonresident partners.

(b) The Form CT-G-ES shall contain the name and address of the partnership as shown on its Form CT-1065, the taxable year of the partnership and the taxable year of the qualified electing nonresident partners. Each qualified electing nonresident partner shall file with the partnership a Form CT-2NA (Election to be Included In A Group Return) in order to elect to be included in the group declaration. These forms shall be maintained on file by the partnership and be available for inspection by the Department. The partnership shall also attach a detailed schedule to the Form CT-G-ES showing the name (in columnar form and in alphabetical order by last name), address, social security numbers and amounts of estimated tax of the participating partners.

(c) The provisions of this section apply to trusts and estates and to S corporations that elect to file a group return, and wherever reference is made herein to "partnership," such reference shall be construed to mean "S corporation," "trust" or "estate;" "partner," such reference shall be construed to mean "S corporation shareholder" or "beneficiary;" and "Form CT-1065," such reference shall be construed to mean Form CT-1120SI or Form CT-1041.

(d) 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)