6 Easy Steps to Open an Estate in Connecticut

Posted in Estate Planning, Tax News on August 5, 2012

1) Go to Probate Court and Get Your Appointment A decedent will list their executor (or executrix) in their will. If the decedent did not name one or did not have a will, the court will appoint someone to…

Tagged with: Connecticut Estate, Connecticut Probate Court, CT DRS, Death Certificate, DRS, Estate, estate tax, Executor, Fiduciary Relationship, Form 1040, Form 1041, Form 56, Form 8822, Form CT-8822, Form SS-4, Income Tax, Probate Court, Tax Indetification Number, Trust

Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

Posted in Tax News on July 29, 2012

This week is Mob Week on AMC. We get to watch classic Mob movies like The Godfather, Scarface and The Untouchables. Unfortunately every week is Mob Week for Connecticut taxpayers. In 2011 the State of Connecticut passed their…

Tagged with: 401(k) Plan, AMC, CHET, Connecticut Estate Tax, Connecticut Income Tax, Connecticut municipal bonds, Connecticut Sales tax, Connecticut Self-Employed, Connecticut Taxpayers, Eddie Lampert, ESL Investments, estate tax, Income Tax, ira, Michael Corleone, Mob Week, Municipal Bonds, Roth 401(k) Plan, roth ira, Scarface, Self-Employed, SIMPLE Plan, Social Security Tax, The Godfather, The Untouchables, Unincorporated Business

7 Easy Ways to Decrease Your Income Tax and Keep More Money

Posted in Tax News on July 24, 2012

1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a…

Tagged with: 401(k) Plan, 529 Plan, Appreciated Property, Bonds, Capital Gains, Charitable Contribution, College Savings 529 Plan, Congress, Connecticut Income Tax, Connecticut Labor Department, Connecticut municipal bonds, Donation, Income Tax, ira, Long Term Capital Gains, Municipal Bonds, Mutual Funds, Ordinary Income, Required Minimum Distribution, retirement plan, RMD, roth conversion, roth ira, Short Term Capital Gains, Stocks, Tax Deduction, Wealth Transfer

3 Easy Ways to Financially Help Your Children or Grandchildren

Posted in Tax News on July 17, 2012

Do your children or grandchildren need some financial assistance? Here are 3 Easy Ways to help them: 1) Make a Loan Parents and grandparents can loan to their child or grandchild. If this is the approach taken, a formal…

Tagged with: AFR, Annual Gift Tax Exclusion, applicable federal rate, car loan, co-sign debt, economy, Estate, Family Loan, Gift, Gift Tax, Gift Tax Return, Higher Education, Income Tax, Internal Revenue Service, IRS, joint & Several, loan agreement, Medical Expense

3 Reasons You Likely Won’t Pay Income Taxes When You Sell Your Home

Posted in Tax News on July 10, 2012

1) You Don’t Have a Capital Gain Due to the housing market, many homeowners no longer have a gain in their home. A gain is the sales price minus the cost basis. The cost basis is generally the purchase…

Tagged with: Books & Records, Capital Gains, Cost Basis, Home, home improvements, housing market, Income Tax, Medicare Tax, Obama Care, Passive Income, primary residence, Residence, Second Home, unearned income, vacation home

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

6 Easy Steps to Open an Estate in Connecticut

7 Easy Ways to Decrease Your Income Tax and Keep More Money

3 Easy Ways to Financially Help Your Children or Grandchildren

3 Reasons You Likely Won’t Pay Income Taxes When You Sell Your Home

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

6 Easy Steps to Open an Estate in Connecticut

Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

7 Easy Ways to Decrease Your Income Tax and Keep More Money

3 Easy Ways to Financially Help Your Children or Grandchildren

3 Reasons You Likely Won’t Pay Income Taxes When You Sell Your Home

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885