The Connecticut Department of Revenue Services has been sending letters to selected taxpayers inviting them to participate in a new Connecticut Corporation Business Tax Resolution Initiative. The Initiative is designed to resolve outstanding corporate tax issues. Although it is targeted to taxpayers currently under audit, the Initiative does not appear to be limited only to such taxpayers. Taxpayers interested in the Initiative must submit a participation form to the Department by July 15, 2014. Closing agreements issued under the program must be signed by October 15, 2014.