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DRAFT 11152023 2023Department of Revenue Services State of Connecticut (Rev. 12/23)Form CT1120 EDPCElectronic Data Processing Equipment Property Tax Creditor Income Year Beginning: ___, 2023 and Ending:
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Gather all necessary financial documents such as W-2 forms, 1099 forms, and any other income statements for the income year beginning.
02
Calculate total income received during the income year beginning.
03
Fill out the appropriate sections of the tax form for the income year beginning, including reporting any deductions or credits.
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Review the completed tax form for accuracy and make sure all necessary information is included.
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Sign and date the tax form before submitting it to the appropriate tax authority.

Who needs for income year beginning?

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Individuals earning income during the income year beginning.
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Businesses or self-employed individuals who need to report their income for the income year beginning.
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Taxpayers who are required to file a tax return for the income year beginning.
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The income year beginning refers to the first day of the fiscal or calendar year for which individuals or businesses report their income and expenses for tax purposes.
Individuals and businesses with taxable income during the income year are required to file. This includes self-employed persons, corporations, partnerships, and any individuals subject to income tax.
To fill out for the income year beginning, one generally needs to complete the relevant tax forms, providing details of income, deductions, and credits as required by tax authorities, and ensuring all calculations are accurate.
The purpose of the income year beginning is to establish a timeframe for assessing and reporting income and expenses, and to ensure compliance with tax obligations.
Information such as total income earned, eligible deductions, tax credits claimed, and other relevant financial information must be reported for the income year beginning.
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