The Ct Os 114 form, officially known as the Connecticut Sales and Use Tax Return, is a necessary document for reporting the sales, leases, and rentals of goods, as well as the provision of services subject to tax in Connecticut. It is meticulously designed to ensure that businesses comply with the state's taxation requirements, including various tax rates and specific deductions. All businesses registered with the Connecticut Department of Revenue Services are obliged to file this form electronically, streamlining the tax reporting process. For guidance on how to accurately fill out and file your Ct Os 114 form, click the button below.
For businesses operating within Connecticut, the Ct Os 114 Form, officially known as the Connecticut Sales and Use Tax Return, serves as a critical document required by the Department of Revenue Services. This form is essential for reporting and paying sales and use taxes, encompassing various tax rates depending on the nature of the transaction, such as general sales, meals and beverages, luxury items, and rental of passenger motor vehicles. Businesses must meticulously report gross receipts, deductions, and calculate the taxes due while adhering to the specific tax rates that went into effect on October 1, 2019. The form also addresses the plastic bag fee, amendments, and includes sections for declaring final returns. It is crucial that businesses complete this form with accuracy, as it includes a declaration under penalty of law for the submission of a truthful and correct return. Amidst the detailed instructions provided in Form O-88, the Ct Os 114 mandates electronic filing, underscoring the state’s move towards efficient and environmentally friendly reporting methods. This shift to electronic submissions aligns with contemporary business practices and the Department of Revenue Services’ effort to streamline tax administration. Furthermore, the form captures the need for updated business information, facilitating a seamless communication channel between the state and businesses for any changes in address, ownership, or business status, thereby ensuring that the tax obligations are met accurately and on time.
Department of Revenue Services PO Box 5030
Hartford CT 06102-5030
(Rev. 09/20)
OS114 0819W 01 9999
Form OS-114
Connecticut Sales and Use Tax Return
See Form O-88, INSTRUCTIONS FOR FORM OS-114 CONNECTICUT SALES AND USE TAX RETURN. Type or print. Complete the return in blue or black ink only. Do not use grayed-out fields. Do not use staples.
For period ending
Due date
(MMDDYYYY)
(MMDDYYYY)
Taxpayer Name
This return MUST be filed electronically!
Address (number and street), apartment number, PO Box
DO NOT MAIL paper tax return to DRS.
City, town, or post office
State
ZIP code
Connecticut Tax Registration Number
Federal Employer Identification Number
Check here if:
Change of address:
Enter last business date:
Amended return:
Final return:
Rounding: You must round off cents to
Column 1
Column 2
Column 3
Column 4
General Sales
Meals and Beverages
Luxury
Rental of Passenger
the nearest whole dollar on your return
6.35% Tax Rate
(Effective 10/1/19. See instructions.)
7.75% Tax Rate
Motor Vehicles
and schedules.
7.35% Tax Rate
9.35% Tax Rate
1.
Gross receipts from
.00
sales of goods
2.
leases and rentals
3.
labor and services
4.
Goods purchased by your business
subject to use tax
5.
Leases and rentals by your business
6.
Services purchased by your business
7.
Total: Add Lines 1 through 6
8.
Deductions. See instructions
9.
Subtract Line 8 from Line 7.
If zero or less, enter “0”
10a. Amount of tax due:
10a.
Multiply Line 9 by Tax Rate
10.
Total tax due: Add Line 10a, Columns 1, 2, 3, and 4
11a.
Plastic Bag Fee: Total Number of Plastic Bags
× $ 0.10 =
11a.
11.
For amended return only, enter tax paid on prior return
12.
Net amount due: Subtract Line 11 from the sum of Line 10 and Line 11a
13.
Interest
+ Penalty
=
13.
14.
Total amount due: Add Line 12 and Line 13
Declaration: I declare under the penalty of law that I have examined this return (including any accompanying schedules and statements) and, to the best of my knowledge and belief, it is true, complete, and correct. I understand the penalty for willfully delivering a false return or document to the Department of Revenue Services (DRS) is a fine of not more than $5,000, imprisonment for not more than five years, or both. The declaration of a paid preparer other than the taxpayer is based on all information of which the preparer has any knowledge.
Sign Here
Keep a copy of this return for your records.
Taxpayer’s signatureTitleDateTelephone number
-
Taxpayer’s email
M
D
Y
This return MUST be filed electronically!
Paid preparer’s signature
Paid preparer’s address
Date
DO NOT MAIL paper
tax return to DRS.
M M - D D - Y Y Y Y
Page 2 of 4 (Rev. 09/20)
OS114 0819W 02 9999
See instructions (Form O-88) before completing.
Connecticut Tax
_ _ _ _ _ _ _ _ _ _ _ _ _
Registration Number
All quarterly and monthly filers must file Form OS-114 and pay its associated taxes electronically. Visit portal.ct.gov/DRS-myconneCT to file your return electronically using myconneCT. Form OS-114 must be filed and paid on or before the last day of the month following the end of the period.
If applicable, provide the following information:
Enter new mailing address:
Enter new physical location (PO Box is not acceptable.):
Enter new trade name:
First return - Enter business start date:
New owners must obtain a new Connecticut Tax Registration Number.
Enter new owner name:
Date sold:
Address:
Deductions (See instructions, Form O-88.)
15.
Sales for resale or sales through a registered marketplace facilitator
- sales of goods
16.
- leases and rentals
17.
- labor and services
18.
All newspapers and subscription sales of magazines and puzzle
magazines
19.
Trucks with GVW rating over 26,000 lbs. or used exclusively for
carriage of interstate freight
21.
Food for human consumption, food sold in vending machines, items
purchased with food stamps
23.
Sale of fuel for motor vehicles
.00.00
24.Sales of electricity, gas, and heating fuel for residential dwellings
25.Sales of electricity - $150 monthly charge per business
26.Sales of electricity, gas, and heating fuel
for manufacturing or agricultural production
For Utility
24.
and Heating Fuel
Companies 25.
Only
26.
27.
Aviation fuel
29.
Tangible personal property to persons issued a Farmer Tax
Exemption Permit
30.
Machinery, its replacement, repair, component and enhancement
parts, materials, tools and fuel for manufacturing
31.
Machinery, materials, tools, and equipment used in commercial
printing process or publishing
32.
Vessels, machinery, materials, tools, and fuel for commercial fishing
Page 3 of 4 (Rev. 09/20)
OS114 0819W 03 9999
_ _ _ _ _ _ _ _ _ _
_ _ _
Registration Number
33.
Out-of-state - sales of goods
34.
Out-of-state - leases and rentals
35.
Out-of-state - labor and services
36.
Motor vehicles or vessels purchased by nonresidents
37.
Prescription medicines and diabetic equipment
38.
Nonprescription drugs and medicines
39.
Sales to charitable or religious organizations - sales of goods
40.
Sales to charitable or religious organizations - leases and rentals
41.
Sales to charitable or religious organizations - labor and services
42.
Sales to federal, Connecticut, or municipal agencies - sales of goods
43.Sales to federal, Connecticut, or municipal agencies - leases and rentals 43.
44.Sales to federal, Connecticut, or municipal agencies - labor and services 44.
45.Items certified for air or water pollution abatement - sales, leases,
and rentals of goods
45.
47.
Nontaxable labor and services
48.
Services between wholly-owned business entities
(See instructions, Form O-88.)
50.
Trade-ins of all like-kind tangible personal property
52.
Taxed goods returned within 90 days at the rate listed above in
Columns 1 or 3
56.
Oxygen, blood plasma, prostheses, etc. - sales, leases, rentals,
or repair services of goods
63.
Funeral expenses
69.
Certain aircraft and repair services, repair or replacement parts
for aircraft
71.
Certain machinery under the Manufacturing Recovery Act of 1992
72.
Machinery, equipment, tools, supplies, and fuel used in the
biotechnology industry
73.
Repair and maintenance services and fabrication labor to vessels
Page 4 of 4 (Rev. 09/20)
OS114 0819W 04 9999
74.
Computer and data processing services at 1%
75.
Renovation and repair services to residential real property
77.
Sales of qualifying items to direct payment permit holders
78.
Sales of college textbooks
79.
Sales tax holiday
82.
Motor vehicles sold to active duty nonresident members of the armed
forces at 4.5% (See instructions, Form O-88.)
83.
For cigarette dealers only: Purchases of cigarettes taxed by a
stamper or distributor
84.Sales of vessels, motors for vessels or trailers used for transporting vessels at 2.99%. Effective October 1, 2019, sales of dyed diesel
marine fuel at 2.99%. (See instructions, Form O-88.)
84.
A.
Other Adjustments - sales of goods
(Describe:
)
B.
Other Adjustments - leases and rentals
C. Other Adjustments - labor and services
C.
(Describe:
Total Deductions:
Enter here and in Column 1, Line 8 on the front of this return
Enter here and in Column 2, Line 8 on the front of this return
Enter here and in Column 3, Line 8 on the front of this return
Filing the Connecticut Sales and Use Tax Return, Form OS-114, is mandatory for quarterly and monthly filers and must be done electronically. This form facilitates the reporting of sales and use tax by the taxpayer under various categories, such as general sales, meals and beverages, luxury goods, and rentals of passenger motor vehicles. It's structured to ensure that all taxable sales and purchases are accounted for correctly. After completing this form, it will calculate the total tax due, including any adjustments for deductions or exemptions specified by Connecticut tax laws. Here's a step-by-step guide on how to fill out this form.
After submission, the Department of Revenue Services will process your sales and use tax return. It's essential to note any due dates to avoid potential late fees and interest charges. Regularly check your account on the myconneCT portal for updates on your filing status, any additional documents you might need to submit, and notifications from the Department of Revenue Services.
What is the Form OS-114?
Form OS-114, known as the Connecticut Sales and Use Tax Return, is a document businesses in Connecticut use to report and pay sales and use taxes to the Department of Revenue Services (DRS). It covers different tax rates applicable to various categories like general sales, meals and beverages, luxury items, and rental of passenger motor vehicles. It includes sections for gross receipts, deductions, tax calculations, and other adjustments.
Who needs to file the Form OS-114?
Any business operating in Connecticut that sells goods or services subject to sales and use tax needs to file Form OS-114. This includes businesses selling meals, beverages, luxury items, and those involved in the rental of passenger motor vehicles.
Can Form OS-114 be filed on paper?
No, Form OS-114 must be filed electronically. The Connecticut Department of Revenue Services requires that all filings and payments associated with this form be done online through myconneCT, their secure tax filing portal.
When is Form OS-114 due?
Form OS-114 is due on or before the last day of the month following the end of the filing period. For instance, for sales made in January (which is part of the first quarterly period), the form should be submitted by the end of February.
What happens if I submit Form OS-114 late?
Filing Form OS-114 late can result in penalties and interest charges. The Department of Revenue Services calculates these charges based on the amount of unpaid tax and the length of the delay in payment.
How do I correct an error on a previously filed Form OS-114?
If you need to correct errors on a previously filed Form OS-114, you must file an amended return. Check the designated box for an amended return on the form and include the corrected information. Be sure to fill out the section indicating the tax paid on the prior return, if applicable.
What are some common deductions available on Form OS-114?
Common deductions on Form OS-114 include sales for resale, sales to government agencies, sales of prescription medicines, and sales to charitable organizations. There are also deductions for specific items like food for human consumption, renewable energy equipment, and machinery used in manufacturing.
How do I report and calculate the use tax on purchases for my business?
Use tax on purchases made by your business, where sales tax was not charged at the time of purchase, should be reported in Line 4 of Form OS-114. Calculate the tax due by applying the appropriate use tax rate to the total cost of taxable goods and services purchased for use in Connecticut.
When completing the Connecticut Sales and Use Tax Return (Form OS-114), individuals often encounter various pitfalls that can lead to errors in their filing. One common mistake is the failure to file electronically, despite clear instructions that the form must not be mailed in paper format to the Department of Revenue Services. This oversight can result in processing delays and potential penalties.
Another error involves the incorrect use of ink; the form specifies that entries must be made in blue or black ink only. Utilizing other colors, or pencil, which can be easily altered, may lead to the rejection of the form or the need for resubmission, further delaying the processing time.
Individuals sometimes use the grayed-out fields, despite instructions to the contrary. These fields are typically disabled for a reason, such as being calculated fields or not applicable to the majority of filers. Using them can cause confusion and errors in the calculation of tax liabilities.
Staples are commonly used out of habit or for convenience, but the instructions explicitly state not to use staples. This requirement is likely due to the processing methods used by the department, where staples can cause damage to the documents or the machinery.
A significant number of filers forget to round off cents to the nearest whole dollar as required. This rounding is crucial for the standardization of tax calculations and to simplify the processing of returns. Neglecting this step can lead to miscalculation of the total tax due.
Frequently, there's a misunderstanding or oversight in the calculation of tax due across the different tax rates applicable to general sales, meals and beverages, luxury items, and rentals of passenger motor vehicles. Each category has its own rate, and confusion or errors in applying these rates can result in either underpayment or overpayment of taxes.
Another stumbling block is the failure to properly document deductions. The form allows for various deductions, such as sales for resale or items exempt from tax. Misreporting or failing to claim these deductions accurately can inflate the tax liability unnecessarily.
The plastic bag fee is another area where mistakes are frequently made. This fee applies to certain types of bags provided to customers, and it must be calculated separately from other taxes. Overlooking this line item or calculating the fee incorrectly can affect the total amount due.
Lastly, the declaration section at the end of the form is sometimes left unsigned or improperly completed. This oversight can invalidate the submission, as the signature is a declaration of the accuracy and truthfulness of the information provided. Ensuring that this section is correctly filled out is essential for the valid submission of the tax return.
Completing the Connecticut Sales and Use Tax Return (Form OS-114) is a critical task for businesses operating within the state. It is a key document that ensures compliance with tax regulations, but several other forms and documents often accompany it during the filing process. Understanding these documents can simplify the filing experience and help ensure that businesses meet all legal requirements efficiently.
Together, these forms and documents form a comprehensive suite of tools that businesses in Connecticut need for tax registration, preparation, and compliance. Proper utilization of each document ensures that businesses can navigate the intricacies of state tax regulations with confidence, ensuring they remain in good standing with tax obligations and avoid potentially costly penalties.
The Ct Os 114 form, known as the Connecticut Sales and Use Tax Return, shares similarities with several other tax-related documents. One such document includes the Federal 1040 form used for individual income tax returns. Like the Ct Os 114, the 1040 form requires taxpayers to report their income, calculate the amount owed or the refund due, and submit it by a specific deadline. Both forms serve as essential tools for compliance with tax laws, ensuring that individuals or businesses accurately report their earnings and pay the necessary taxes.
Another document that bears resemblance to the Ct Os 114 form is the sales and use tax forms used by other states. For example, New York's ST-100 Sales and Use Tax Return functions similarly, requiring businesses to report their sales, calculate taxes due based on various tax rates for different types of goods and services, and remit the amount to the state's department of revenue or taxation. Both forms play a crucial role in the administration of state sales and use taxes, although the specific tax rates and rules may vary from state to state.
The Business Personal Property Tax Return, often seen in many states, also parallels the Ct Os 114 in its purpose and structure. It is designed for businesses to report the value of their personal property (equipment, furniture, etc.) and calculate the tax due. While it focuses on different tax bases (value of personal property vs. sales transactions), both require detailed reporting and calculation of taxes owed to the state.
The Employer's Quarterly Federal Tax Return, known as Form 941, is another document sharing a conceptual purpose with the Ct Os 114. Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees' paychecks, in addition to paying the employer's portion of social security or Medicare tax. The similarity lies in their periodic nature, necessitating regular submissions (quarterly for Form 941) and calculations of taxes owed.
The State Unemployment Tax Act (SUTA) returns, which businesses file with state unemployment insurance agencies, resemble the Ct Os 114 form in their focus on periodic tax obligations. These documents require employers to report wages paid to employees and calculate unemployment insurance taxes due. Although SUTA returns concentrate on payroll rather than sales, both forms ensure businesses contribute their fair share to state-funded programs.
Gross Receipts Tax (GRT) returns in states that impose them, like New Mexico, share commonalities with the Ct Os 114. The GRT return requires businesses to report their total revenue and calculate the taxes owed based on their gross receipts, without deductions for costs of goods sold or other expenses. Both GRT and sales and use tax forms like the Ct Os 114 necessitate businesses to report their operating earnings for tax purposes.
The Value Added Tax (VAT) returns found in many countries outside the United States exhibit similarities to the Ct Os 114 form. VAT returns require businesses to report the tax they collect from customers on the government's behalf and the tax they pay on their purchases, with the latter often deductible against their own tax obligations. Both VAT and sales and use tax forms like Ct Os 114 involve meticulous record-keeping and calculation of taxes owed on sales transactions, albeit in different tax regimes.
Lastly, the Excise Tax Returns, used for reporting taxes on specific goods like alcohol, tobacco, and fuel, share the premise of specialized tax reporting seen in the Ct Os 114. These returns require entities to report quantities sold or produced and calculate due taxes based on rates specific to each product category. Both forms facilitate the taxation of particular goods and services, albeit with the Ct Os 114 form having a broader application on general sales and use tax.
When completing the Connecticut Sales and Use Tax Return Form OS-114, it is crucial to adhere to specific guidelines to ensure accuracy and compliance. The following are essential do's and don'ts:
Understanding the Ct OS-114 form, the Connecticut Sales and Use Tax Return, is crucial for businesses operating within the state. However, several misconceptions can lead to mistakes in filing. Here, we clarify some common misunderstandings:
Thoroughly understanding and accurately completing the Ct OS-114 form is imperative for businesses to adhere to Connecticut's sales and use tax laws. Misconceptions can lead to errors, underpayment, or overpayment, potentially resulting in penalties or additional scrutiny from the DRS.
When filing the Ct OS 114 form, it's imperative to remember these key points to ensure accuracy and compliance:
Bearing these guidelines in mind can greatly facilitate the process of filing a Connecticut Sales and Use Tax Return, ensuring that it is done correctly and efficiently.
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