Connecticut Revenue Department Issues Policy Statement on Requests for Civil Penalty Waivers

The Connecticut Department of Revenue Services (DRS) May 21 issued guidance on DRS standards for deciding whether to waive a civil penalty. The guidance generally applies to penalties imposed on late payment or filing of individual income, corporate income, sales and use, property, excise, gift, trust income, and estate tax returns. The guidance includes: 1) the procedure to request a penalty waiver; 2) the time limit for requests; 3) factors considered during the determination; 4) the approval of penalty waivers above $5,000; and 5) penalties that can’t be waived. [Conn. Dep’t of Revenue Servs., Requests for Waiver of Civil Penalties, ...