What are the sales and use taxes filing requirements?
Generally, sales and use tax returns are filed on a quarterly basis. The quarterly periods and due dates are: Periods: Due Dates: January 1 – March 31 April 30 April 1 – June 30 July 31 July 1 – September 30 October 31 October 1- December 31 January 31 If a seller’s sales and use taxes liability exceeds $4,000 per year, the seller must file monthly returns that are due on or before the last day of the following month. A seller may request permission to file on an annual basis if his or her sales and use tax liability is less than $1,000 per year. 27. What are the estimated income tax requirements for farmers? The required annual payment for farmers is the lesser of: • 66 2/3% of the income tax shown on your current years Connecticut income tax return; or • 100% of the income tax shown on your prior years Connecticut income tax return, if you filed a Connecticut income tax return for the prior year that covered a 12-month period. If, on or before March 1 following the end of the taxable
