Help For BusinessesMarch 17, 2020
In order to alleviate any financial burden caused by the COVID-19 outbreak, the Connecticut Department of Revenue Services (DRS) announced that the filing deadline for some annual tax returns will be extended, effective immediately.
The deadline for annual tax returns due on or after March 15, 2020, and before June 1, 2020 will be extended by at least 30 days.
The impacted returns and the associated filing dates and payment deadlines are as follows:
- 2019 Form CT-1065/CT-1120 SI Connecticut Pass-Though Entity Tax Return: Filing date extended to April 15, 2020; payment deadline extended to June 15, 2020
- 2019 Form CT-990T Connecticut Unrelated Business Income Tax Return: Filing date extended to June 15, 2020; payment deadline extended to June 15, 2020
- 2019 Form CT-1120 and CT-1120CU Connecticut Corporation Business Return: Filing date extended to June 15, 2020; payment deadline extended to June 15, 2020
The Connecticut DRS also advised that due dates for filing and payment of state income taxes could be adjusted to align with any specific, actionable announcement from the Internal Revenue Service (IRS) regarding due dates for the filing and payment of federal income taxes.
Governor Ned Lamont announced that small businesses and nonprofit organizations in Connecticut that have been negatively impacted by the global COVID-19 outbreak are now eligible for disaster relief loans of up to $2 million from the U.S. Small Business Administration.