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The CT OS-114 form is a crucial document for businesses operating in Connecticut, specifically for reporting sales and use tax. This form must be completed electronically and submitted by the last day of the month following the end of the reporting period. It captures various aspects of a business's operations, including gross receipts from sales of goods, leases, rentals, and services. Taxpayers must provide their Connecticut Tax Registration Number and Federal Employer Identification Number, ensuring accurate identification for tax purposes. The form also includes sections for deductions, allowing businesses to account for non-taxable sales, such as food for human consumption or sales to charitable organizations. Understanding the specific tax rates applicable to different categories—like general sales, meals and beverages, and luxury items—is essential for accurate reporting. Additionally, the CT OS-114 requires taxpayers to declare the accuracy of their information under penalty of law, emphasizing the importance of compliance. By following the instructions outlined in Form O-88, businesses can navigate the complexities of the tax return process with greater ease.
Form Sample
Rounding: You must round o cents to
the nearest whole dollar on your return
and schedules.
Column 1 Column 2 Column 3 Column 4
General Sales Meals and Beverages
(Eective 10/1/19. See instructions.)
Luxury Rental of Passenger
Motor Vehicles
6.35% Tax Rate 7.75% Tax Rate
7.35% Tax Rate 9.35% Tax Rate
1.
Gross receipts from
sales of goods ......................................
1.
.00 .00 .00
2.
Gross receipts from
leases and rentals................................
2.
.00 .00 .00
3.
Gross receipts from
labor and services ...............................
3.
.00
4.
Goods purchased by your business
subject to use tax ................................
4.
.00 .00 .00
5.
Leases and rentals by your business
subject to use tax ................................
5.
.00 .00 .00
6.
Services purchased by your business
subject to use tax ................................
6.
.00
7.
Total: Add Lines 1 through 6. ..........
7.
.00 .00 .00 .00
8.
Deductions. See instructions. .............
8.
.00 .00 .00 .00
9.
Subtract Line 8 from Line 7.
If zero or less, enter “0”. ......................
9.
.00 .00 .00 .00
10a.
Amount of tax due:
Multiply Line 9 by Tax Rate. ................
10a.
.00 .00 .00 .00
10.
Total tax due: Add Line 10a, Columns 1, 2, 3, and 4. .............................................................................................
10.
.00
11a.
Plastic Bag Fee: Total Number of Plastic Bags × $ 0.10 =
11a.
.00
11.
For amended return only, enter tax paid on prior return. .............................................................................................
11.
.00
12.
Net amount due: Subtract Line 11 from the sum of Line 10 and Line 11a. ................................................................
12.
.00
13.
Interest + Penalty =
13.
.00
14.
Total amount due: Add Line 12 and Line 13. ...............................................................................................................
14.
.00
Form OS-114
Connecticut Sales and Use Tax Return
Department of Revenue Services
PO Box 5030
Hartford CT 06102-5030
(Rev. 09/20)
OS114 0819W 01 9999
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 elds. Do not use staples.
For period ending Due date
Connecticut Tax Registration Number
(MMDDYYYY)
(MMDDYYYY)
Taxpayer Name
Federal Employer Identication Number
Address (number and street), apartment number, PO Box
Check here if:
Change of address:
Enter last business date:
(MMDDYYYY)
City, town, or post oce State ZIP code Amended return:
Final return:
This return MUST be filed electronically!
DO NOT MAIL paper tax return to DRS.
Sign Here
Keep a
copy of
this return
for your
records.
Taxpayer’s signature Title Date Telephone number
Taxpayer’s email
Paid preparer’s signature Paid preparer’s address Date
This return MUST be filed electronically!
DO NOT MAIL paper tax return to DRS.
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
ne of not more than $5,000, imprisonment for not more than ve 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.
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
Deductions (See instructions, Form O-88.)
Column 1 Column 2 Column 3
General Sales Meals and Beverages
(Eective 10/1/19. See instructions.)
Luxury
6.35% Tax Rate 7.75% Tax Rate
7.35% Tax Rate
15.
Sales for resale
or sales through a registered marketplace facilitator
- sales of goods .............................................................................
15.
.00 .00 .00
16.
Sales for resale or sales through a registered marketplace facilitator
- leases and rentals ...............................................................................
16.
.00 .00
17.
Sales for resale or sales through a registered marketplace facilitator
- labor and services ...............................................................................
17.
.00
18.
All newspapers and subscription sales of magazines and puzzle
maga
zines ...................................................................................
18.
.00
19.
Trucks with GVW rating over 26,000 lbs. or used exclusively for
carriage of interstate freight ..................................................................
19.
.00
21.
Food for human consumption, food sold in vending machines, items
purchased with food stamps .....................................................................
21.
.00 .00
23.
Sale of fuel for motor vehicles ...............................................................
23.
.00
24.
Sales of electricity, gas, and heating fuel
for residential dwellings
24.
.00
25.
Sales of electricity - $150 monthly charge
per business
25.
.00
26.
Sales of electricity, gas, and heating fuel
for manufacturing or
agricultural production
26.
.00
27. Aviation fuel ................................................................................. 27.
.00
29.
Tangible personal property to persons issued a Farmer Tax
Exemption Permit ..................................................................................
29.
.00
30.
Machinery, its replacement, repair, component and enhancement
parts, materials, tools and fuel for manufacturing .................................
30.
.00
31.
Machinery, materials, tools, and equipment used in commercial
printing process or publishing ...............................................................
31.
.00
32.
Vessels, machinery, materials, tools, and fuel for commercial shing
32.
.00
For Utility
and Heating Fuel
Companies
Only
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:
Form OS-114
Page 2 of 4
(Rev.
09/20
)
OS114 0819W 02 9999
If applicable, provide the following information:
Address:
- -
- -
All quarterly and monthly lers must le Form OS-114 and pay its associated taxes electronically. Visit portal.ct.gov/DRS-myconneCT to le your return
electronically using myconneCT. Form OS-114 must be led and paid on or before the last day of the month following the end of the period.
M M - D D - Y Y Y Y
M M - D D - Y Y Y Y
See instructions (Form O-88) before completing.
Connecticut Tax
Registration Number
_ _ _ _ _ _ _ _ _ _ _ _ _
Column 1 Column 2 Column 3
General Sales Meals and Beverages
(Eective 10/1/19. See instructions.)
Luxury
6.35% Tax Rate 7.75% Tax Rate
7.35% Tax Rate
33. Out-of-state - sales of goods ......................................................... 33.
.00 .00 .00
34. Out-of-state - leases and rentals ................................................... 34.
.00 .00
35. Out-of-state - labor and services ................................................... 35.
.00
36.
Motor vehicles or vessels purchased by nonresidents .......................... 36.
.00 .00
37.
Prescription medicines and diabetic equipment .................................... 37.
.00
38.
Nonprescription drugs and medicines ................................................... 38.
.00
39.
Sales to charitable or religious organizations - sales of goods ............. 39.
.00 .00 .00
40.
Sales to charitable or religious organizations - leases and rentals ....... 40.
.00 .00
41.
Sales to charitable or religious organizations - labor and services ....... 41.
.00
42.
Sales to federal, Connecticut, or municipal agencies - sales of goods 42.
.00 .00 .00
43.
Sales to federal, Connecticut, or municipal agencies - leases and rentals 43.
.00 .00
44.
Sales to federal, Connecticut, or municipal agencies - labor and services 44.
.00
45.
Items certied for air or water pollution abatement - sales, leases,
and rentals of goods ..............................................................................
45.
.00
47.
Nontaxable labor and services ..............................................................
47.
.00
48.
Services between wholly-owned business entities
(See instructions, Form O-88.) ..............................................................
48.
.00
50.
Trade-ins of all like-kind tangible personal property ..............................
50.
.00 .00
52.
Taxed goods returned within 90 days at the rate listed above in
Columns 1 or 3 ......................................................................................
52.
.00 .00
56.
Oxygen, blood plasma, prostheses, etc. - sales, leases, rentals,
or repair services of goods ....................................................................
56.
.00
63.
Funeral expenses ..................................................................................
63.
.00
69.
Certain aircraft and repair services, repair or replacement parts
for aircraft ..............................................................................................
69.
.00
71.
Certain machinery under the Manufacturing Recovery Act of 1992
(See instructions, Form O-88.) .................................................................
71.
.00
72.
Machinery, equipment, tools, supplies, and fuel used in the
biotechnology industry ..........................................................................
72.
.00
73.
Repair and maintenance services and fabrication labor to vessels ......
73.
.00
Form OS-114
Page 3 of 4
(Rev.
09/20
)
OS114 0819W 03 9999
See instructions (Form O-88) before completing.
Connecticut Tax
Registration Number
_ _ _ _ _ _ _ _ _ _ _ _ _
Column 1 Column 2 Column 3
General Sales Meals and Beverages
(Eective 10/1/19. See instructions.)
Luxury
6.35% Tax Rate 7.75% Tax Rate
7.35% Tax Rate
74.
Computer and data processing services at 1%
(See instructions, Form O-88.) ..............................................................
74.
.00
75.
Renovation and repair services to residential real property ..................
75.
.00
77.
Sales of qualifying items to direct payment permit holders ...................
77.
.00 .00
78.
Sales of college textbooks .....................................................................
78.
.00
79.
Sales tax holiday ...................................................................................
79.
.00
82.
Motor vehicles sold to active duty nonresident members of the armed
forces at 4.5% (See instructions, Form O-88.) ......................................
82.
.00 .00
83.
For cigarette dealers only: Purchases of cigarettes taxed by a
stamper or distributor. ............................................................................
83.
.00
84.
Sales of vessels, motors for vessels or trailers used for transporting
vessels at 2.99%. Eective October 1, 2019, sales of dyed diesel
marine fuel at 2.99%. (See instructions, Form O-88.)
84.
.00
A.
Other Adjustments - sales of goods ........................................................
A.
.00 .00 .00
(Describe:
)
B.
Other Adjustments - leases and rentals ...................................................
B.
.00 .00
(Describe:
)
C.
Other Adjustments - labor and services ..................................................
C.
.00
(Describe:
)
Total Deductions:
Enter here and in Column 1, Line 8 on the front of this return. ................
.00
Enter here and in Column 2, Line 8 on the front of this return. ...............................................................
.00
Enter here and in Column 3, Line 8 on the front of this return. ................................................................................................................
.00
See instructions (Form O-88) before completing.
Connecticut Tax
Registration Number
_ _ _ _ _ _ _ _ _ _ _ _ _
Form OS-114
Page 4 of 4
(Rev.
09/20
)
OS114 0819W 04 9999
Document Specifications
| Fact Name | Details |
|---|---|
| Form Title | Connecticut Sales and Use Tax Return (Form OS-114) |
| Filing Requirement | This return must be filed electronically. Paper returns are not accepted. |
| Due Date | The return is due on the last day of the month following the end of the reporting period. |
| Tax Rates | Various tax rates apply: 6.35% for general sales, 7.75% for meals and beverages, and 9.35% for luxury items. |
| Governing Law | Connecticut General Statutes, Title 12, Chapter 219 governs the sales and use tax in Connecticut. |
Steps to Filling Out Ct Os 114
Filling out the CT OS-114 form is a crucial step for businesses in Connecticut to report their sales and use tax. After completing the form, it must be filed electronically, ensuring compliance with state regulations. Below are the steps to guide you through the process of filling out the form accurately.
- Begin by entering the period ending date and the due date in the specified format (MMDDYYYY).
- Fill in your taxpayer name and address, including the apartment number or PO Box, city, state, and ZIP code.
- Provide your Connecticut Tax Registration Number and Federal Employer Identification Number.
- If applicable, check the appropriate boxes for change of address, amended return, final return, or enter the last business date.
- In the gross receipts section, enter the total amounts for sales of goods, leases and rentals, and labor and services in the corresponding columns.
- List goods purchased by your business subject to use tax, leases and rentals subject to use tax, and services purchased subject to use tax.
- Add the totals from Lines 1 through 6 and enter the sum in Line 7.
- If you have any deductions, enter them in Line 8.
- Subtract Line 8 from Line 7 and enter the result in Line 9. If the result is zero or less, enter “0”.
- Calculate the amount of tax due by multiplying Line 9 by the appropriate tax rate and enter it in Line 10a.
- Add Line 10a from all columns to get the total tax due in Line 10.
- Calculate the plastic bag fee based on the total number of plastic bags used and enter it in Line 11a.
- If this is an amended return, enter the tax paid on the prior return in Line 11.
- Calculate the net amount due by subtracting Line 11 from the sum of Line 10 and Line 11a, and enter it in Line 12.
- Include any interest and penalties in Line 13, then add Line 12 and Line 13 to get the total amount due in Line 14.
- Sign and date the form, providing your title and telephone number. If you used a paid preparer, include their signature and address.
More About Ct Os 114
What is the Ct Os 114 form?
The Ct Os 114 form is the Connecticut Sales and Use Tax Return. It is used by businesses to report and pay sales and use tax to the Connecticut Department of Revenue Services (DRS). The form must be completed electronically and is due on the last day of the month following the end of the reporting period.
Who needs to file the Ct Os 114 form?
Any business that sells goods or provides taxable services in Connecticut is required to file this form. This includes retailers, service providers, and any business that leases or rents property. If your business has a Connecticut Tax Registration Number, you must file this return.
How should I complete the Ct Os 114 form?
Complete the form using blue or black ink. You must type or print clearly. Do not use grayed-out fields, and avoid stapling any documents. Round off cents to the nearest whole dollar. Ensure all required fields are filled out accurately to avoid delays in processing.
What are the tax rates associated with the Ct Os 114 form?
The tax rates vary based on the type of goods or services. General sales are taxed at 6.35%, meals and beverages at 7.75%, luxury items at 9.35%, and the rental of passenger motor vehicles at 7.35%. Make sure to apply the correct rate based on your sales.
What is the due date for filing the Ct Os 114 form?
The form must be filed and the associated taxes paid by the last day of the month following the end of the reporting period. For example, if you are reporting for the month of January, the form is due by February 28th.
Can I file the Ct Os 114 form on paper?
No, the Ct Os 114 form must be filed electronically. The Department of Revenue Services does not accept paper returns for this form. You can file electronically through the myconneCT portal.
What should I do if I need to amend my Ct Os 114 form?
If you need to amend your return, check the box for "Amended return" on the form. Fill out the amended information accurately and submit it electronically. Be sure to include any necessary documentation related to the changes.
What happens if I do not file the Ct Os 114 form on time?
Failure to file the Ct Os 114 form on time can result in penalties and interest on the amount due. The penalties can be substantial, so it is important to file your return by the due date to avoid these additional costs.
Where can I find more information about the Ct Os 114 form?
For more details, you can refer to the instructions for Form O-88, which provide guidance on completing the Ct Os 114 form. You can also visit the Connecticut Department of Revenue Services website for additional resources and support.
Common mistakes
-
Incorrect Filing Method: Many individuals mistakenly attempt to mail the OS-114 form. This form must be filed electronically. Ignoring this requirement can lead to delays and potential penalties.
-
Using Grayed-Out Fields: Some people fill out grayed-out fields on the form. These fields are not applicable and should be left blank. Filling them in can cause confusion and errors in processing.
-
Inaccurate Tax Rates: Taxpayers often miscalculate the tax due by using incorrect tax rates. Each type of sale has a specific tax rate, and failing to apply the right one can result in underpayment or overpayment.
-
Rounding Errors: Rounding off amounts incorrectly is a common mistake. All amounts must be rounded to the nearest whole dollar. Inaccurate rounding can affect the total tax due.
-
Missing Signatures: Some individuals forget to sign the declaration section of the form. A missing signature renders the return invalid and can lead to penalties.
-
Ignoring Deductions: Failing to account for eligible deductions is a frequent error. Taxpayers should review the instructions carefully to ensure they claim all applicable deductions to minimize their tax liability.
Documents used along the form
The Connecticut Sales and Use Tax Return, known as Form OS-114, is an essential document for businesses operating in Connecticut. It is crucial for reporting sales and use taxes owed to the state. Along with this form, several other documents are often required to ensure compliance with state tax regulations. Below is a list of these accompanying forms and documents.
- Form O-88: This form provides detailed instructions for completing Form OS-114. It outlines the necessary steps for accurately reporting sales and use tax, including the calculation of tax rates and allowable deductions.
- Form CT-1040: The Connecticut Individual Income Tax Return is used by individuals to report their income and calculate their personal income tax. Business owners may need this form if they report business income on their personal tax returns.
- Form CT-1065: This form is for partnerships in Connecticut. It is used to report income, gains, losses, and deductions from the partnership's operations, which may affect the sales tax calculations.
- Form CT-1120: Corporations use this form to file their corporate business tax returns. It is essential for businesses structured as corporations to ensure compliance with state tax laws.
- Form ST-1: This is the Sales and Use Tax Resale Certificate. Businesses use it to purchase goods without paying sales tax, provided those goods are intended for resale.
- Form ST-5: This form is the Exempt Use Certificate. It allows certain exempt organizations to purchase goods without paying sales tax, applicable to specific qualifying purchases.
- Form ST-4: The Sales Tax Exempt Certificate is used by non-profit organizations to purchase items without incurring sales tax, provided they qualify under state law.
- Form CT-945: This form is used to report and pay federal income tax withheld from nonpayroll payments, which may be relevant for businesses that have employees or contractors.
Each of these forms plays a vital role in the overall tax compliance process for businesses in Connecticut. Understanding their purpose and how they interrelate with Form OS-114 can help ensure that all required information is submitted accurately and on time.
Similar forms
The Form CT-1040 is similar to the CT OS-114 in that both are tax forms used by individuals and businesses in Connecticut. The CT-1040 is the state income tax return for residents, while the CT OS-114 focuses on sales and use tax. Both forms require detailed information about income or sales, and they must be filed electronically. Additionally, both forms include sections for deductions and credits, which can reduce the overall tax liability. The requirement to round off cents to the nearest whole dollar is also a common feature, ensuring consistency in reporting.
The CT-1065 form is another document that shares similarities with the CT OS-114. This form is used by partnerships to report income, gains, losses, and deductions. Like the CT OS-114, it requires accurate reporting of financial information and must be filed electronically. Both forms emphasize the importance of providing correct information under penalty of law, highlighting the serious nature of tax compliance. Each form also includes a declaration section where the taxpayer affirms the accuracy of the information provided.
The CT-1120 form is the corporate income tax return for businesses in Connecticut. It is similar to the CT OS-114 in that it requires businesses to report their financial activities to the state. Both forms must be filed electronically and include sections for deductions and tax calculations. The CT-1120 also has specific tax rates that apply, much like the varying rates found in the CT OS-114 for different types of sales. Additionally, both forms require a declaration of truthfulness from the taxpayer or preparer.
The CT-941 form is a quarterly tax return used by employers to report employee wages and withholdings. Similar to the CT OS-114, it requires detailed financial information and must be filed electronically. Both forms include sections for calculating tax amounts due, and they emphasize compliance with state tax laws. Employers must ensure accuracy in reporting to avoid penalties, much like businesses filing the CT OS-114 for sales tax purposes.
The CT-990T form is used by tax-exempt organizations to report unrelated business income. This form is similar to the CT OS-114 in that both require the reporting of specific financial activities to the state. Each form must be filed electronically, and both include sections for calculating tax liabilities. The CT-990T also includes a declaration of truthfulness, reinforcing the importance of accurate reporting, akin to the CT OS-114’s declaration section.
The CT-1041 form is the fiduciary income tax return for estates and trusts in Connecticut. Like the CT OS-114, it requires detailed financial reporting and must be filed electronically. Both forms necessitate accurate calculations of tax due and provide sections for deductions. The CT-1041 emphasizes compliance with state tax laws, similar to the strict requirements found in the CT OS-114 for businesses reporting sales and use tax.
The CT-1096 form is used for reporting information returns and is similar to the CT OS-114 in that both require electronic filing and accurate reporting. The CT-1096 focuses on information related to payments made to non-employees, while the CT OS-114 focuses on sales and use tax. Both forms require a declaration of accuracy, highlighting the importance of truthful reporting in tax matters.
The CT-1120SI form is the small business income tax return in Connecticut. It shares similarities with the CT OS-114 as both forms require businesses to report financial activities and must be filed electronically. Each form includes sections for calculating tax liabilities and deductions. The CT-1120SI also emphasizes compliance with state tax laws, similar to the CT OS-114’s focus on sales tax compliance.
The CT-8862 form is used to claim the Earned Income Credit after a disallowance. It is similar to the CT OS-114 in that both forms require accurate reporting and must be filed electronically. The CT-8862 focuses on tax credits, while the CT OS-114 focuses on sales and use tax. Both forms include declarations affirming the accuracy of the information provided, underscoring the importance of compliance with tax regulations.
Dos and Don'ts
Filling out the Connecticut Sales and Use Tax Return, Form OS-114, can be a straightforward process if you follow some essential guidelines. Here are nine things you should and shouldn’t do to ensure your form is completed accurately.
- Do complete the form electronically as required.
- Do use blue or black ink if you are filling it out by hand.
- Do round off cents to the nearest whole dollar on your return.
- Do keep a copy of your completed return for your records.
- Do ensure that all required fields are filled in completely.
- Don't mail a paper tax return to the Department of Revenue Services (DRS).
- Don't use grayed-out fields on the form.
- Don't staple any documents or the form itself.
- Don't forget to sign and date the form before submission.
Misconceptions
Misconception 1: The CT OS-114 form can be filed on paper.
Many people believe they can submit the CT OS-114 form by mail. However, this form must be filed electronically. The Department of Revenue Services (DRS) does not accept paper returns for this form.
Misconception 2: All businesses can use the same tax rates.
Some individuals think that a single tax rate applies to all businesses. In reality, different tax rates apply to various categories, such as general sales, meals and beverages, and luxury items. It is important to refer to the specific rates listed on the form.
Misconception 3: The due date for filing is the same for all periods.
People often assume that the due date for filing the CT OS-114 form is constant. In fact, the due date varies depending on the filing period. The form must be submitted by the last day of the month following the end of the reporting period.
Misconception 4: You can skip rounding off cents.
Some individuals think that rounding off cents is optional. However, the form requires you to round off cents to the nearest whole dollar. This applies to all calculations on the return.
Misconception 5: The form does not require a declaration.
Many people overlook the importance of the declaration section on the form. A signed declaration is necessary to confirm that the information provided is true and complete. Failing to do so can result in penalties.
Key takeaways
Filling out and using the Ct OS-114 form is a crucial task for businesses in Connecticut. Here are some key takeaways to keep in mind:
- Electronic Filing Required: The Ct OS-114 form must be filed electronically. Do not attempt to mail a paper return to the Department of Revenue Services (DRS).
- Use Proper Ink: When completing the form, use blue or black ink only. Avoid using grayed-out fields.
- Round Off Cents: Round off cents to the nearest whole dollar when reporting amounts on your return.
- Deadline Awareness: Submit the form by the last day of the month following the end of the reporting period.
- Keep Records: Retain a copy of the completed form for your records. This is important for future reference and compliance.
- Accurate Information: Ensure all information, including taxpayer name, address, and tax registration number, is accurate and complete.
- Understand Deductions: Familiarize yourself with allowable deductions. Refer to the instructions for details on what qualifies.