Other Helpful Information
- Filing and Paying by Mail
- Filing an Amended Return
- Waiver of Penalty
- Rounding Off to Whole Dollars
- Recordkeeping
- Signature
- Paid Preparer Signature
- Power of Attorney
- Fraud Reporting Form or DRS Fraud Hotline: 855-842-1441
- Change of Address
- Copies of My Returns
- Status Letter
If you file by mail, complete this return in blue or black ink only. Do not use staples.
Please note that each form is year specific. To prevent any delay in processing your return, the correct year's form must be submitted to DRS.
Make check payable to: Commissioner of Revenue Services. To ensure payment is applied to your correct account, write the calendar year of the return "Form 207C”, and your Connecticut Tax Registration Number on the front of your check. DRS may submit your check to your bank electronically.
Mail to:
Department of Revenue Services
State of Connecticut
PO Box 2990
Hartford CT 06104-2990
Attachments: Attach the following to this return:
- A list of the insured individuals and/or entities; and
- A copy of the Annual Unaudited Financial Report sent to the Department of Insurance for the applicable tax year.
To file an amended return, login to your myconneCT account and submit an amended Form 207C, Insurance Premiums Tax Return Captive Insurance Companies, using the correct figures and information for the reporting period.
To make a penalty waiver request, complete and submit Form DRS-PW, Request for Waiver of Civil Penalty, to the DRS Operations Bureau/Penalty Waiver through myconneCT, by mail, or fax.
For more information about the penalty waiver process, see Penalty Waiver Request, Offer of Compromise or Protest.
You must round off cents to the nearest whole dollar on your return and schedules. If you do not round, DRS will disregard the cents. Round down to the next lowest dollar all amounts that include 1 through 49 cents. Round up to the next highest dollar all amounts that include 50 through 99 cents. However, if you need to add two or more amounts to compute the amount to enter on a line, include cents and round off only the total.
Example: Add two amounts ($1.29+$3.21) to compute the total ($4.50) to enter on a line. $4.50 is rounded to $5.00 and entered on a line.
Keep a copy of the tax return, worksheets, and records of all items appearing on the return until the statute of limitations expires for that return. Usually, this is three years from the date the return was due or filed, whichever is later.
The treasurer of the company, or a principal officer of the company, must sign Form 207C, Insurance Premiums Tax Return Captive Insurance Companies.
A paid preparer must sign and date Form 207C. Paid preparers must also enter their Social Security Number (SSN) or Preparer Tax Identification Number (PTIN) and their firm’s Federal Employer ID Number (FEIN) in the spaces provided.
To authorize one or more individuals to represent you or your business before the Department of Revenue Services (DRS), use LGL-001, Power of Attorney. This authorization allows your representative(s) to receive and inspect confidential tax information and to act on your behalf in matters before DRS.
Submit LGL-001 electronically by sending it to DRS through a secure web message in myconneCT at portal.ct.gov/DRS-myconneCT. Log in to myconneCT, open the More … menu, locate the Correspondence group and click the Send a Message hyperlink.
Taxpayers can change their address through myconneCT.
- Log in to myconneCT.
- Open the More... menu.
- Locate the Taxpayer Updates group and click the Manage Names & Addresses hyperlink.
- Continue to follow the prompts on the screen.