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Today’s routine is similar to many other days until you started opening your mail. In today’s mail is a notice that you are being audited by the IRS. Now what do you do? Give your CPA a Power of Attorney.
Hurricane Irene hit the eastern coastline hard this past weekend. In the south, Irene was originally designated as a "Category 3" hurricane. The highest rating and most violent is a Category 5. Irene was subsequently downgraded to a Category 1. It’s very early, but it is estimated that the damage caused by this hurricane could be between $3 and $5 billion. In Connecticut, we were also hit hard by Hurricane Irene. The property damage has been estimated … Continue reading »
The State of Connecticut recently increased the state income tax rates. Oh, and they made them retroactive to the beginning of 2011. Don't you Connecticut income taxpayers just love this?
The Internal Revenue Service has announced that some taxpayers will not be able to file their returns until mid to late February 2011 due to last year's tax changes. The IRS will need to reprogram its processing systems for three provisions that were extended in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 that became law on December 17, 2010.