Walk-in services at all DRS branch office locations remain suspended. Email DRS at drs@po.state.ct.us. Email the Priority One Taxpayer Assistance Program: DRSPriorityOne_CollectionsAssist@po.state.ct.us. Please check our Frequently Asked Questions page.

AN 96(7)

Estimated Foreign Insurance Tax Payments By Electronic Funds Transfer


PURPOSE: This announcement alerts Foreign Insurance Tax filers of new requirements when using the Electronic Funds Transfers (EFT) payment method.


EFT ELIMINATES USE OF COUPONS: When using EFT to make payments, you are no longer required to mail in a Form CT-207F ESA, ESB, ESC or ESD coupon each quarter. To ensure proper application of your payment, use the EFT tax type code listed below when making payments:

ESTIMATED PAYMENT EFT Tax Type Code Replaces coupon Due Date
first
07101
CT-207F ESA    
March 15
second
07102
CT-207F ESB    
June 15 
third
07103
CT-207F ESC    
Sept. 15 
fourth
07104
CT-207F ESD    
Dec. 15 

WHO CAN USE EFT?: Only taxpayers making Foreign Insurance Tax estimated payments can use EFT. All other payments made with extensions or completed returns MUST be paid by check.


TIMELY FILING OF EFT TAX PAYMENTS: EFT tax payments must be credited to the State of Connecticut's bank account on or before the due date to be considered timely.

Taxpayers using the Automated Clearing House (ACH) Debit method must initiate their transactions no later than 4:30 p.m. Eastern Time on the last banking day prior to the due date. Taxpayers using the ACH Credit method should consult with their financial institution.


EFFECT OF THIS DOCUMENT: An Announcement is a document that alerts taxpayers to important information. Such information may include new administrative policies or procedures of the Department.


RELATED FORMS AND PUBLICATIONS:

IP 93(2.1), Q & A on Paying Taxes By Electronic Funds Transfer
SN 96(5), 1996 Legislative Changes Affecting Payment of Connecticut Taxes By Electronic Funds Transfer


EFFECT ON OTHER DOCUMENTS: None.


PLEASE NOTE THE FOLLOWING NEW INFORMATION ABOUT DRS.

FOR FURTHER INFORMATION: To order forms and publications or for further information, call the Department of Revenue Services at 860-297-5962 (Hartford area or out-of-state) or 1-800-382-9463 (in-state). Forms and publications may be ordered through voice-mail 24-hours a day by choosing Option 3 on your touch tone telephone.

Telecommunications Device for the Deaf (TDD/TT) users only call 860-297-4911 during business hours.


AN 96(7)
Foreign Insurance Tax
Issued: 9/4/96