Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-708-5
Connecticut returns of trusts, estates or partnerships for short
taxable years
# (a)
Where a trust, estate or partnership was not in existence for the entire 12 months of its normal taxable year, the short period for which the taxpayer was in existence during such 12 months is a taxable year for which a Connecticut return shall be filed. Examples of such short taxable years are as follows:
# (1)
If a partnership is terminated and completely liquidated during its normal taxable year and this results in an accounting period of less than 12 months for federal income tax purposes, such period is a taxable year for which a Connecticut return shall be filed.
# (2)
The first Connecticut fiduciary return of a trust or estate shall often be a short-year return, due to the choice of an accounting period by the fiduciary which is either a calendar year or fiscal year. For an estate, the first Connecticut fiduciary return covers the period from the day following the decedent's death up to and including the day preceding the start of the regular taxable year selected by the fiduciary; for a trust, the first Connecticut fiduciary return covers the period from the day the trust was established up to and including the day preceding the beginning of the regular taxable year of the trust.
# (3)
Sometimes the final Connecticut fiduciary return of a trust or estate shall be a short-year income tax return, due to the termination of administration of the estate, or the termination of the trust, during its normal taxable year.
# (b)
In general, the requirements with respect to the time for filing a short-year return are the same as for the filing of a Connecticut income tax return for a regular taxable year. For example, if the due date of a return is the fifteenth day of the fourth month following the close of a regular taxable year, the due date for filing such a return for a short year is also the fifteenth day of the fourth month following the close of the short year.
# (c)
While this section pertains to Section 12-708 of the general statutes, for purposes of supplementary interpretation, as the phrase is used in Section 12-2 of the general statutes, the adoption of this section is authorized by Section 12-740(a) of the general statutes.
Amendment history
November 18, 1994
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-705(c)-2 · Voluntary withholding by employers
- 12-705(c)-3 · Voluntary withholding for military retirees
- 12-705(c)-4 · Voluntary withholding for civil service retirees
- 12-706(b)-1 · Wage and tax statement
- 12-706(c)-1 · Withheld amounts to be credited against income tax…
- 12-707-1 · Schedule for filing withholding tax returns and payment of
- 12-707-2 · Liability for tax
- 12-707-3 · Withheld taxes trust fund
- 12-708-1 · Accounting period
- 12-708-2 · Change of accounting period
- 12-708-3 · Method of changing accounting period
- 12-708-4 · Short taxable year resulting from a change in accounting
- 12-708-5 · Connecticut returns of trusts, estates or partnerships for…
- 12-708-6 · Accounting methods
- 12-708-7 · Change of accounting method
- 12-708-8 · Change other than from accrual to installment method of
- 12-708-9 · Change from accrual to installment method of accounting
- 12-711(b)-1 · Connecticut adjusted gross income derived from or…
- 12-711(b)-2 · Income and deductions from Connecticut sources—general
- 12-711(b)-3 · Items attributable to real or tangible personal property
- 12-711(b)-4 · Business, trade, profession or occupation carried on in…
- 12-711(b)-5 · Income from intangible personal property
- 12-711(b)-6 · Deductions with respect to capital losses, passive…
- 12-711(b)-7 · Compensation not constituting income derived from…
- 12-711(b)-8 · Rentals and gains from the sale or exchange of real…