The Latest News
- Refund delays, stimulus check errors foreshadow rough tax season
- Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
- Connecticut DRS Proposed Legislative Package Released
- View the Agency Legislative Proposal for the 2021 Session
- Some teleworkers could be hit with surprise tax bills
- CPAs may find themselves spending a lot of time educating taxpayers about the state tax implications of working from home and other locations during the pandemic.
A new survey conducted for the AICPA by The Harris Poll found that 55% of...
- 2020-Specific Plans for CPAs Still Exist
- With passage of the CARES Act, Congress suspended all required minimum distributions (RMDs) from retirement accounts for 2020. They did this over several months as they refined the rules, and are allowing those distributions taken by Aug. 31 to...
- Boughton to Join Lamont Administration as Tax Commissioner
- Republican Mark Boughton, serving his 10th term as mayor of Danbury, will become the commissioner of the Department of Revenue Services, Daily Ructions can report. Governor Ned Lamont, a Democrat, is expected to make the announcement Friday....
- IRS National Tax Security Awareness Week: 2021 online tax preparation products to offer multi-factor authentication for taxpayers, tax pros
- The Internal Revenue Service, state tax agencies and the tax industry today marked the second day of National Tax Security Awareness Week by announcing an improved feature that will be available on all 2021 online tax preparation...
- It’s a tough year for year-end tax planning
- Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA’s Personal Financial Planning Section.
Advisers face the challenge of helping clients plan...
- Revenue Collections Improve, But Officials Remain Cautious
- Legislative and executive branch budget analysts say Connecticut has recovered 40% of the revenue it was expected to lose in April.
The part of the state income tax which includes capital gains and other investment earnings came in much...
- What Small Business Owners Need To Know About Taxes And Selling Online In The Covid-19 Era
- Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics.
For small business owners forced to close their doors for...
- DRS Demos New myconneCT Website to CTCPA Members Prior to Launch
- Prior to the launch of the Department of Revenue Services' new myconneCT web portal, CTCPA members got a sneak peek! DRS Commissioner John Biello and Communications Director Jim Polites walked members through the new website and answered member...
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