Manchester, CT 860.646.2465 • Niantic, CT 860.739.5459 • Storrs, CT 860.429.7885
Posts Tagged ‘Form 1040’
Why Some Small Businesses Should NOT be an LLC
The Limited Liability Company (“LLC”) certainly has become a popular form of business entity.
If there is only one member (owner) then setting up these entities has become a breeze.
Just go online, fill out some forms, pay the registration fee and presto, you’re in business.
Just because it’s easy, doesn’t mean you should do it this way.
Why an LLC?
How to Declare a Casualty Loss From Hurricane Sandy
Hurricane Sandy has left her mark. This included power outages, significant property damage and, sadly loss of life.
7 Easy Steps to Manage an Estate in Connecticut
Please review 6 Easy Steps to Open an Estate in Connecticut.
1) Post a Probate Bond
Unless the will specifically indicates a bond is not required, the executor will need to get a Probate Bond. The coverage and insurance premium will be based on the expected size of the estate. The executor may have to front the money to get the bond as the estate checking … Continue reading »
6 Easy Steps to Open an Estate in Connecticut
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 manage the affairs of the estate.
This person will be known as an administrator or adminstratrix. The appointment will allow you to manage … Continue reading »
3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets
1) You have a "Specified Foreign Financial Asset" which exceeds the filing requirements
Financial Assets that are subject to this form are: A Financial Account maintained by a foreign institution and the following assets not held in an account with a foreign institution:
* Stock or security issued by a foreign person
* Financial instrument where the issuer is not a U.S. Person
* And any interest in a foreign … Continue reading »
