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CONNECTICUT DEPARTMENT OF INCOME MAINTENANCEUNIFORM POLICY MANUAL ___ Date: 7187Transmittal: UP872 P4010.05 ___ Section:Type:Treatment of Assets PROCEDURES ___ Chapter:Program: AFDCDetermination of
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Step 1: Review the Connecticut TAM Group Plan requirements and guidelines.
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The Connecticut TAM Group Plan is a structured program designed to facilitate the management and reporting of tax liabilities for groups of related entities in the state of Connecticut.
Entities that are part of a group for tax purposes in Connecticut are required to file the TAM Group Plan, which includes parent companies and their subsidiaries.
To fill out the Connecticut TAM Group Plan, organizations need to gather financial data from all group members, complete the required forms accurately, and ensure all necessary authorizations are obtained before submission.
The purpose of the Connecticut TAM Group Plan is to simplify and streamline tax reporting for groups of entities, ensuring compliance with state tax laws while allowing for consolidated reporting.
Key information that must be reported on the Connecticut TAM Group Plan includes the groups' financial data, tax calculations, identification of related entities, and any special elections made for tax purposes.
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