Screen CTTPWC - Connecticut Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different for the next tax year. The application uses this data to calculate the Connecticut Tax Projection Worksheet. This worksheet is based on current law and next year’s tax law differences (when known). Enter only the items you expect to be different for the coming year. If you do not expect a difference, leave the field blank to allow the current-year amounts to automatically transfer to the next-year column of the Connecticut Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in Screen CTTPWC will not automatically transfer the current-year amount.

Tax on Net Income

Tax (Force)
The application automatically calculates the total tax for next year by applying the current year tax rate to the projected taxable income. Use this field to override this calculated amount, if needed.

Minimum Tax on Capital

Tax (Force)
The application automatically calculates the minimum tax on capital for next year by applying the current year tax rate to the projected minimum tax base. Use this field to override this calculated amount, if needed.

Amount Payable

Computed tax (Force)
The application automatically calculates the total tax for next year by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
2026
estimated payments (Force)
Enter the total amount of estimated tax payments that are projected for next year. If this field is blank, the application defaults to the sum of any payments reported on Form(s) CT-1120ES - Estimated Corporation Business Tax, plus any additional amounts paid that are reported in the
Next year estimates already paid
fields in Screen CTEst.
2025
overpayment credited to
2026
(Force)
Enter the amount of current year overpayment that will be credited to next year. If this field is blank, the application defaults to the
2025
overpayment credited to
2026
(Force)
amount from the current year return.

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