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Department of Revenue Services State of Connecticut (Rev. 12/14) 2014 Form CT-1120I Computation of Interest Due on Underpayment of Estimated Tax Enter Income Year Beginning, 2014, and Ending, Corporation
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How to fill out form ct-1120i 2014 computation?

01
Start by gathering all necessary financial information. This may include income statements, balance sheets, and other relevant documents.
02
Begin filling out the form by entering your business's name, address, and federal employer identification number (FEIN) in the designated fields.
03
Calculate your business's total income for the tax year and enter it in the appropriate section of the form.
04
Determine your total deductions and credits. This may involve subtracting expenses such as rent, utilities, and employee wages from your total income.
05
Follow the instructions on the form to compute your Connecticut taxable income. This may involve making adjustments for certain deductions and credits specific to the state.
06
Calculate your Connecticut corporation business tax using the provided tax rates and tables. This will give you your preliminary tax liability.
07
Review the form and ensure that all information is accurate and complete. Make any necessary adjustments and double-check your calculations.
08
Complete the payment voucher section of the form if you owe any taxes. This will allow you to remit the payment along with your form ct-1120i.
09
File the form with the appropriate tax authorities by the due date. This may include submitting it electronically or mailing a physical copy.
10
Keep a copy of the completed form and any supporting documentation for your records.

Who needs form ct-1120i 2014 computation?

01
Any business that was required to file a Connecticut corporation or S corporation tax return for the tax year 2014 and had a Connecticut net income of $100,000 or more.
02
Businesses that want to calculate their Connecticut corporation business tax liability for the tax year 2014.
03
Those who had specific deductions or credits to claim on their Connecticut tax return for the tax year 2014.
04
Any business that was requested to file form ct-1120i 2014 computation by the Connecticut Department of Revenue Services (DRS).
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Individuals or tax professionals assisting businesses with their tax filings for the tax year 2014.
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Form CT-1120I is a computation of state income tax liability for corporations in Connecticut.
Corporations in Connecticut are required to file Form CT-1120I to compute their state income tax liability.
Form CT-1120I should be filled out following the instructions provided by the Connecticut Department of Revenue Services.
The purpose of Form CT-1120I is to calculate the state income tax liability for corporations in Connecticut.
Form CT-1120I requires corporations to report their income, deductions, and other relevant financial information.
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