State Tax

News

IRS Statement and Instructions Regarding Recent CCH Software Outage
The IRS has been working closely with CCH to ease the impact on taxpayers caused by their recent software outage. The IRS encourages these taxpayers with a May 15 deadline to file on time, if possible. Taxpayers who cannot file on time are...
Finance Committee Passes Bill To Take Bonding Authority Away From Governor
On one hand, Democrats on the Finance, Revenue and Bonding Committee sought to adhere to Gov. Ned Lamont’s “debt diet”, and moments later they passed legislation that would take away his control of the Bond Commission. The committee voted 46-4...
Finance Package Offers A Mixed Bag of Tax Hikes
The Finance, Revenue, and Bonding Committee is proposing increasing revenues by $1.01 billion in 2020 and $1.33 billion in 2021, but the tax package the committee is hoping to adopt Wednesday doesn’t accept all of Gov. Ned Lamont’s...
Major Victory: Proposed Sales Tax on Accounting and Tax Services
I've got great news for you this morning! Last night, the Finance Committee voted to approve a revenue package that offered significant changes to Governor Ned Lamont's budget proposal - and a sales tax on tax and accounting services is NOT in...
For those who missed the tax-filing deadline, IRS says file now to avoid bigger bill
While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. The Internal Revenue Service encourages them to file now, even if they can’t pay to avoid potential...
Done with taxes this year? Use 2018 return to get 2019 withholding right
Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, they can use their recently finished 2018 return and the...
Michael Knight quoted in Accounting Today article "The end of a multi-state nightmare for mobile clients?"
Michael J. Knight of Knight Rolleri Sheppard CPAs, LLC with offices in Fairfield and Greenwich was quoted in the  Accounting Today The end of a multi-state nightmare for mobile clients?" on April 23. Michael Knight, a partner at Fairfield County,...
IRS announces multi-year plan to update, modernize IT systems; Effort focused on improved taxpayer services, expanded cybersecurity and taxpayer data protections
The Internal Revenue Service released today a six-year plan to modernize the agency’s Information Technology systems and improve a variety of taxpayer services critical to the nation’s tax system. The plan outlines a bold strategy to enable...
An Investment Expert's Advice on Income Tax Planning
Income tax planning is a year-round and continuous evaluation for your clients. Although their tax returns are not due until April 15, without extensions, it is important to make sure you assist them throughout the year. A little extra help will...
Tony Cirone Quoted in Connecticut Post piece "Pass the SALT - It's Tax Day"
Tony Cirone, partner at CironeFriedberg (with offices in Bethel, Bridgeport, and Stamford), was quoted in the Connecticut Post article "Pass the SALT. It's Tax Day." Read the full article.

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Education

On-Demand: Understanding Connecticut's New Pass-Through Entity Tax

CPE Credits: 2
Learn from members of the CTCPA State Taxation Committee in this two-hour session recorded on August 28, 2018. The session focuses on the practical implications of the new tax on your clients, including a review of the administrative guidance issued by the Connecticut Department of Revenue Services and potential planning opportunities. Our expert panel includes Attorney Alan Lieberman from Shipman and Goodwin, Tony Switajewski from BlumShapiro, Patrick Duffany from CohnReznick, and Matthew Dayton from the Department of Revenue Services.

Check back soon for more programs.

   

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