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Court upholds IRS PTIN fees
The IRS has authority to charge a user fee for preparer taxpayer identification numbers (PTINs) a federal appeals court held on Friday, paving the way for the agency to reinstate the charges for obtaining and renewing a PTIN (Montrois, No....
How to be a great boss during busy season
When the busy tax season is at full throttle, public accountants across the country are racing against time to get their work completed by the tax deadline. With careful planning, a good imagination, hearty helpings of tasty snacks, and a little...
Business Entity Tax Returns Due April 15, 2019
This week, the Connecticut Department of Revenue Services (CTDRS) is mailing Form OP-424, Business Entity Tax Return, to businesses that are registered with CTDRS and are responsible for paying the Business Entity Tax (BET). The $250 BET is due...
Can tax break promises be kept?
Gov. Ned Lamont’s new state budget is less than a week old, but the pressure already is shifting to the General Assembly to protect the tax cuts it passed last year. Seniors, teachers, hospitals, corporations and other groups are pressing...
Governor's Revenue Bill and Revenue Bill Fact Sheet
Governor Lamont's proposed FY 2020 and FY 2021 budget contains several tax items of interest. Read the complete budget bill. Read the Budget Fact Sheet.   This piece details the "significant impacts" and includes a reference to the section of...
Reminder: forms for pass-through entity tax payment recharacterization must be submitted by December 31, 2018
The Connecticut Department of Revenue Services (CTDRS) reminds taxpayers that forms for pass-through entity tax payment recharacterization must be submitted by December 31, 2018.
DRS: Pass-Through Entity Tax Estimated Payment Recharacterization Form Released
As a follow-up to prior DRS guidance and Special Notice 2018(4), Guidance on 2018 Estimated Payments for the Newly Enacted Pass-Through Entity Tax , taxpayers should note that forms for pass-through entity tax estimated payment recharacterization...