Connecticut Quarterly Tax and Wage Withholdings Form

What is the Connecticut Quarterly Tax and Wage Withholdings

The Connecticut Quarterly Tax and Wage Withholdings, commonly referred to as CT-941, is a tax form used by employers to report income tax withheld from employees' wages. This form is essential for ensuring compliance with state tax laws and helps the Connecticut Department of Revenue Services track tax payments. Employers must file this form quarterly, detailing the amount of wages paid and the corresponding tax withheld for each employee. Understanding this form is crucial for maintaining accurate payroll records and fulfilling state tax obligations.

Steps to Complete the Connecticut Quarterly Tax and Wage Withholdings

Completing the Connecticut Quarterly Tax and Wage Withholdings form involves several key steps:

1. Gather necessary information, including employee names, Social Security numbers, and total wages paid during the quarter.
2. Calculate the total amount of Connecticut income tax withheld for each employee.
3. Fill out the CT-941 form accurately, ensuring all required fields are completed.
4. Review the form for accuracy and completeness before submission.
5. Submit the form to the Connecticut Department of Revenue Services by the specified deadline.

Filing Deadlines / Important Dates

Employers must adhere to specific deadlines when filing the Connecticut Quarterly Tax and Wage Withholdings. The due dates for filing are as follows:

• For the first quarter (January to March): April 30
• For the second quarter (April to June): July 31
• For the third quarter (July to September): October 31
• For the fourth quarter (October to December): January 31 of the following year

It is essential to file on time to avoid penalties and interest on unpaid taxes.

Legal Use of the Connecticut Quarterly Tax and Wage Withholdings

The Connecticut Quarterly Tax and Wage Withholdings form is legally binding when completed and submitted according to state regulations. Employers are required to maintain accurate records of wages and taxes withheld, as this information may be subject to audits by the Connecticut Department of Revenue Services. Proper use of this form helps ensure compliance with state tax laws and protects employers from potential legal issues related to tax withholding.

Required Documents

To complete the Connecticut Quarterly Tax and Wage Withholdings form, employers should have the following documents ready:

• Employee payroll records detailing wages paid and taxes withheld.
• Employer identification number (EIN) for tax reporting purposes.
• Previous quarter's CT-941 form for reference, if applicable.
• Any relevant tax withholding agreements or adjustments.

Penalties for Non-Compliance

Failure to file the Connecticut Quarterly Tax and Wage Withholdings form on time or to accurately report withheld taxes can result in significant penalties. These may include:

• Late filing penalties, which can accrue daily until the form is submitted.
• Interest on unpaid taxes, which compounds over time.
• Potential audits and additional scrutiny from the Connecticut Department of Revenue Services.

Employers are encouraged to stay informed about their filing responsibilities to avoid these consequences.