Skip to main content
Level 3
February 12, 2025
Solved

1065 and 1120S for CT

  • February 12, 2025
  • 4 replies
  • 18 views

Hello,

What is everyone doing in CT for 1065/1120S CT.. since the form is not going to be availble until end of FEB. Any receommendation on managing the clients? 

This topic has been closed for replies.
Best answer by emynes

Thank you for the update.  Unfortunately, this causes significant hardship to all practitioners who have this filing requirement.  

4 replies

sjrcpa
Level 15
February 12, 2025

Tell clients it is not available in the software yet. File extensions.

The more I know the more I don’t know.
Level 7
February 13, 2025

Hello! Connecticut 1120S/1065 Form Products are currently experiencing longer than usual development times for Connecticut Partnership and S-Corporation tax. This is due to the implementation of significant changes to the state's tax laws affecting these entities. To avoid potential penalties, we recommend filing extensions at the state web page for Connecticut Partnership and S-Corporation returns. We apologize for any inconvenience this delay may cause. 

Level 2
February 13, 2025

When will the update be available on the 1065/1120SI to check the box to elect to file the CT-PET? I have a few hundred businesses to file and cannot afford to put all on extension and not get paid for months???

Does anyone have a specific answer from Proseries on availability of form?

sjrcpa
Level 15
February 13, 2025

See CMund's final word. https://accountants.intuit.com/community/lacerte-tax-discussions/discussion/ct-1065-ct-1120s-not-available-until-march-18th/00/317805

Intuit Ruben is spouting what Intuit told him.

CT has a different story.

The more I know the more I don’t know.
Level 2
February 17, 2025

Proseries just told me that the PET forms will not be available until after March 15th. I was told to file extensions.

As of now, the extension form is not available either.  The forms on the DRS website say they must be filed electronically.  I am trying to contact DRS to see if they will accept manual filling, but all circuits are busy. We don't have login info for our 400 business clients myConnect accounts so we are trying to come up with a plan.

Level 3
February 20, 2025

I received the same information from Intuit.  They are not supporting it.  We're in the same boat.  It is not feasible to file that many extensions through myconneCT and many clients do not want to go on extension.  

The CT-1065/CT-1120SI for composite returns, even if you don't want to elect to file PET, is calculating a negative tax liability on the CT K-1 if there is a loss.

SMH

Level 2
March 10, 2025

Are you able to file the CT-PETs yet?

February 21, 2025

Hello, here's the latest from "Connecticut Composite Income and PTE Form Status Updates in ProSeries

"ProSeries Business will now include support for Form CT-PET in a future release. The development of this form is currently experiencing longer than usual development times due to the implementation of significant changes to the state's tax laws affecting the pass-through entities. To avoid potential penalties, we recommend filing extensions at the state web page for Connecticut partnership and S Corporation returns. Our forms availability website provides expected release dates for this form. We apologize for any inconvenience this delay may cause."

emynesAnswer
Level 3
February 21, 2025

Thank you for the update.  Unfortunately, this causes significant hardship to all practitioners who have this filing requirement.