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Legislative Action Alert - Tell Your Legislators TODAY: Do NOT Tax Accounting and Tax Preparation Services
The 2019 Connecticut General Assembly is underway and the possibility of a sales tax on tax preparation and accounting services provided to individuals is growing stronger and stronger with each passing day! It is CRITICAL that you contact your...
Connecticut pays the most in federal taxes and gets the least back in return
Connecticut is ranked first in the nation for paying the most in federal income taxes and getting the least federal dollars in return. That’s the finding of the latest survey by the New York-based Rockefeller Institute of...
Democrats Concerned About IRS Shutdown Plan
The Treasury Department this week released a new contingency plan to deal with the ongoing partial government shutdown, but Democratic lawmakers have doubts about the agency’s ability to handle the upcoming tax-filing season. Treasury’s shutdown...
Middle class taxpayers fuel growing state revenues, boosting reserves
State income tax revenues surged upward again Tuesday, but this time it was the middle class — not the wealthy — behind most of the gains. A new report from analysts projects overall revenues this fiscal year will surpass budgeted...
The government has shut down, but tax season doesn’t stop
Busy season is still expected to start on time, but key IRS functions may not be operational. The potential effects of a prolonged government shutdown could make things interesting for CPA tax practitioners.
IRS Statement - IRS Reopens IVES, Some Fee-based Programs
While the IRS remains closed during the partial government shutdown, the agency recognizes the immediate hardship incurred if information is not available through the Income Verification Express Service (IVES) program as well as by taxpayers who...
Charitable Giving, Business Structure, and Estate Plans Top List of Adjustments Post Tax Reform: Survey of CPA Financial Planners
As 2018 comes to a close, CPAs are working with their clients to harvest losses, bunch charitable contributions and make other year-end financial planning moves to put them in the best possible position for when they file their taxes. However,...
AICPA Sends Recommendations to Treasury and IRS about Proposed GILTI Regulations
The American Institute of CPAs (AICPA) today submitted recommendations to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) regarding proposed regulations to implement Internal Revenue Code section 951A, commonly referred...
The government has shut down, but tax season doesn’t stop
The IRS has confirmed release that filing season will start on time – January 28 - and that it will be issuing refunds.
AICPA Asks for Estimated Tax Penalty Relief
A powerful ally of taxpayers, the American Institute of CPAs (AICPA) has formally asked the IRS to grant relief from certain estimated tax penalties triggered by the Tax Cuts and Jobs Act (TCJA). Generally, individual taxpayers must pay...

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  Connecticut CPA magazine feature
The IRS Disqualified Employment Tax Levy:
Just When the Client Thought It Was Safe to Owe Money Again …

By Lauren M. McNair, Esq. and Eric L. Green, Esq., Green & Sklarz LLC

Your client calls frantic one morning just as you are sitting down to your desk. “Joe, what’s up?” you ask genially as you reach for your coffee.

“The IRS just cleaned out my bank account!” yells Joe.

“What do you mean? We worked out a payment plan a year ago at our Collection Due Process hearing with the settlement officer. I thought you paid that off.”