Who needs a form OS-114?
Form OS-114 or sales and use tax return is to be filed by all the entrepreneurs registered for sales and use tax purposes in Connecticut.
What is a tax form OS-114 for?
This tax return is requested by the Department of Revenue Services. All taxpayers have to report their taxable sales and they can calculate penalty and interest monthly, quarterly and annually based on this form. If if no sales were made, the taxpayer still has to complete and send this form. It can also be used as an amended return.
Is it accompanied by other forms?
You don’t need to file any other documents to accompany this form.
When is OS-114 due?
The State of Connecticut requires residents to complete and file sales and use tax returns as well as make all payments every month. It is due on, or before, the last day of month following the end of the filing period.
How do I fill out form OS-114?
Make sure you put the correct Connecticut tax registration number and Federal employer identification number in the top table of the first sheet. If this is an amended return, check in the box below the table. Write down your name and address. Enter total gross receipts for sale of tangible property, receipts from leasing and renting of tangible personal property and from labor and services, leases and rentals from your business subject to use tax and services purchased by your business subject to use tax. Add the numbers to count the total amount. After that specify all the items for deductions on the second sheet.
Where do I send form OS-114?
Submit the form electronically at Taxpayer Service Center (www.ct.gov/TSC) or mail it to the Department of Revenue Services. Remember, if you file electronically, you must also pay electronically.