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As toll debate rages on, DOT wants $12.1B over next five years to invest in CT's infrastructure
A new capital plan recently released by the state DOT calls on Connecticut to spend $12.1 billion over the next five years to rebuild its highways and bridges and invest in public transportation.
What Consumer Use Tax Looks Like Post-Wayfair
As the impact of the Supreme Court’s case on Wayfair Inc. continues to play out, some commentary has focused on different aspects of the decision including the fact that in all sales tax states, long-standing laws already compel consumers who...
Few N.Y. Businesses Sign Up for State Program to Bypass Trump Tax Limits
New York Gov. Andrew Cuomo said a program enacted in April would help protect employees from new federal limits on the deductibility of state and local taxes. A state official said 220 businesses had opted into the plan as of Friday, a figure...
Tech Industry Still Wary of EU Digital Tax
Plans for a European Union (EU)-wide digital tax on big technology companies like Google, Amazon and Facebook fell apart this month when several European countries objected to the proposal. The push to adopt an EU-wide digital tax was led...
CTCPA to Oppose Sales Tax on 'Tax Prep and Accounting Services to Consumers' – YOUR Help Needed
As part of its Report 2.0 released to the public on November 27, the Commission on Fiscal Stability and Economic Growth has recommended an extension of the state sales tax to “legal services, tax prep and accounting, consumer only” to...
Security Summit plans National Tax Security Awareness Week, Dec. 3-7; New Twitter handle launched, ‘Dark Web’ webinar planned
With the approach of the holidays and the upcoming tax season, the Internal Revenue Service, state tax agencies and the nation’s tax industry will sponsor a nationwide campaign in December urging people to better protect their sensitive tax...
DRS Guidance: Sales and Use Tax Legislation Effective Dec. 1, 2018
As a result of new sales and use tax legislation enacted by Public Acts 2018,  No. 18-152, §§ 25 , marketplace facilitators are required to collect and remit sales tax on behalf of their marketplace sellers. This new requirement is effective...
Ohio becomes first state to accept bitcoin for tax payments
Starting Monday, businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially.
New tax law allows small businesses to expense more, expands bonus depreciation
The Internal Revenue Service today reminded small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property. Many are now able to write off most depreciable assets in the year...
IRS warns of “Tax Transcript” email scam; dangers to business networks
The Internal Revenue Service and Security Summit partners today warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware. The scam is...

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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.”

Read more>>>