Sec. 12-405c. Date on which taxpayer of an estate must file return with full amount of tax due. Extensions. Adjusted, corrected and amended returns.
Sec. 12-405c. Date on which taxpayer of an estate must file return with full
amount of tax due. Extensions. Adjusted, corrected and amended returns. (a) On
or before the fifteenth day of the fourth month following the close of each taxable year,
each taxpayer shall duly execute and file a tax return with the commissioner, in such
form and containing such information as the commissioner may prescribe. Such return
shall truly and accurately set forth the amount of income subject to tax and the taxpayer's
liability therefor under this chapter. The full amount of the tax shall be due and payable
to the commissioner on or before the date prescribed herein for the filing of the return.
(b) The commissioner may for reasonable cause extend the time for the filing of
any return due under this chapter and the payment of tax due thereon under such rules
and regulations as he may prescribe. Said commissioner may require the filing of a
tentative return and the payment of an estimated tax. Any additional tax which may be
found to be due on the filing of a final return as allowed by such extension shall bear
interest at the rate of one and one-fourth per cent per month or fraction thereof from the
original due date of such tax to the date of actual payment.
(c) Any taxpayer whose taxable income for federal income tax purposes is adjusted
or corrected for any taxable year or portion thereof by any official of the United States
government, or any agency thereof, in any respect affecting the tax imposed under this
chapter shall, within ninety days after having received written notification of such adjustment or correction, submit to the Commissioner of Revenue Services an affidavit disclosing such changes or adjustments and thereafter shall promptly furnish to the commissioner any information, schedules, records, documents or papers related to such change,
adjustment or correction as he may require. Any taxpayer whose return to the Director
of Internal Revenue has been amended in any respect affecting the tax imposed under
this chapter shall, within ninety days after having filed such amended return, make an
amended return to the commissioner. The time for filing such affidavit or amended
return may be extended by the commissioner upon due cause shown. Notwithstanding
the limitation of time in subsection (d) of section 12-405d, if, upon examination, the
commissioner finds that such taxpayer is liable for the payment of an additional tax, he
shall, within a reasonable time from the receipt of an amended return or affidavit, notify
such taxpayer of the amount of such additional tax, together with interest thereon computed at the rate of one and one-fourth per cent per month or any fraction thereof from
the date when the original tax became due and payable. Within thirty days of the mailing
of such notice, the taxpayer shall pay to the commissioner the amount of such additional
tax and interest. If, upon examination of such amended return or affidavit and related
information, the commissioner finds that the taxpayer has overpaid the tax due the state,
the commissioner shall certify the amount of such overpayment to the Comptroller, and
such amount shall be paid to the taxpayer by the State Treasurer upon order of the
Comptroller.
(Nov. Sp. Sess. P.A. 81-4, S. 9, 32; P.A. 82-325, S. 3, 7; P.A. 84-481, S. 3.)
History: Nov. Sp. Sess. P.A. 81-4 effective January 27, 1982, and applicable to taxable years of estates commencing
on or after January 1, 1982; P.A. 82-325 revised effective date of Nov. Sp. Sess. act but without affecting this section;
P.A. 84-481 made certain technical changes to Subsec. (a) and added Subsecs. (b) and (c) re extension of time for filing
return and re filing of affidavits and amended returns.