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How to prepare CT B-230 2022-2024 Form

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About CT B-230 2024 Form

CT B-230 2024 Form is a tax form specific to the state of Connecticut. It is used to report and pay the Business Entity Tax (BET) for businesses operating in Connecticut. The BET is a tax on entities that are classified as Limited Liability Companies (LLCs), Limited Partnerships (LPs), Limited Liability Partnerships (LLPs), and S Corporations. The purpose of the CT B-230 2024 Form is to calculate and remit the tax owed based on the business entity's net worth or capital base. The tax rate may vary depending on the entity's classification and their net worth or capital base. Businesses in Connecticut that fall under the category of LLCs, LPs, LLPs, and S Corporations are required to file this form if their net worth or capital base exceeds the threshold set by the state. It is important for businesses to comply with this tax requirement to avoid penalties and maintain good standing with the state's tax authorities.

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