This publication alerts taxpayers and practitioners to a settlement initiative regarding the filing and
payment of liabilities associated with the 2024 Form CT-1065/CT-1120SI, Connecticut Composite Income Tax Return,
and the 2024 Form CT-PET, Connecticut Pass-Through Entity Return. Given the delay by the Department of
Revenue Services (“DRS”) in making these forms available to software companies, DRS will agree to forgo otherwise
applicable penalty and interest provided taxpayers file the applicable return(s) and pay the associated liabilities in full
by April 15, 2025. This initiative will also include extensions of time to file Form CT-1065/CT-1120SI and Form CT-PET.
In order to participate in this initiative taxpayers must:
- File a 2024 Form CT-1065/CT-1120SI and/or 2024 Form CT-PET by April 15, 2025; and
- Pay any associated liabilities in full by April 15, 2025
With regard to extensions, to participate in this initiative, taxpayers must:
- File an extension of time to file 2024 Form CT-1065/CT-1120SI and 2024 Form CT-PET by April 15, 2025; and
- Pay the full amount of the tax reported thereon by April 15, 2025.
For additional information regarding this initiative, please visit the DRS’ website at portal.ct.gov/DRS
Full Notice can be found here: TSSB 2025-5
