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Department of Revenue Services State of Connecticut (Rev. 12/20)2020Form CT1120 Housing Program Contribution Tax Creditor Income Year Beginning:, 2020 and Ending:, Connecticut Tax Registration NumberCorporation
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The term 'income year beginning' refers to the start date of a fiscal or tax year for individuals or businesses, during which income must be reported for tax purposes.
Generally, all individuals and businesses that earn income during the income year are required to file taxes. This includes employees, self-employed individuals, corporations, and partnerships.
To fill out the tax forms for the income year beginning, individuals or businesses must gather their income information, deductions, credits, and personal identification details, and then follow the instructions for the respective tax forms provided by the tax authority.
The purpose of the income year beginning is to establish the time frame for reporting income and expenses, enabling the tax authority to assess tax liability and ensure compliance with tax regulations.
The information that must be reported includes total income earned, deductions claimed, tax credits applied for, and any other relevant financial data from the fiscal year.
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