Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients. If we failed to get this penalty waived, this business would have closed its doors. more…
Category: Tax News
|
Tags: Attorney, Bookkeeper, Civil Penalty, Connecticut, Connecticut Business Owners, CPA, CT, Form 2848, Form W-2, Form W-3, Income Tax, Income Tax Return, Internal Revenue Service, IRS, IRS Civil Penalty, Payroll Tax Return, Penalty, Penalty Waiver, POA, Power of Attorney, Reasonable Cause, Small Business, Tax Return, Taxpayer |
One Comment
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? more…
Category: Tax News
|
Tags: 401(k) Plan, 529 Plan, Adjusted Gross Income, AGI, Capital Loss, CHET, Connecticut, Connecticut Estimated Income Tax, Connecticut Income Tax, Connecticut Property Tax Credit, CT, Estimated Tax, Form 1040, Form CT-1040ES, Form CT-W4, ira, Municipal, Municipal Bonds, Penalty, SEP, Simplified Employee Pension, Small Business Owner, U. S. Obligations, Withholding |
4 Comments
Traditional IRAs were designed to provide an opportunity for people to save for retirement on a pre-tax, tax-deferred basis. In other words, the money grows without having to pay any taxes currently on the gains.
more…
Category: Tax News
|
Tags: Adjusted Gross IOncome, Age 59-1/2, AGI, Death, Disability, First-Time Home Buyer, Internal Revenue Service, ira, IRS, Levy, Medical Expenses, Ordinary Income, Penalty, Pre-Tax, Retirement, Tax-Deferred |
3 Comments
There are plenty of taxpayers that prepare their own individual returns each year. This is not always a bad thing, but when you make just one small mistake, you may risk owing more to the IRS than when you started. more…
The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business paid for with various revenue raisers. Here's a brief overview of the tax changes in the new law.
more…
Category: Tax News
|
Tags: 401(k) Plan, 403(b) Plan, Cell Phone, Health Insurance, Listed Property, Partnership, Penalty, Rental Property, roth ira, Section 179, Self-Employed, Small Business, Small Business Jobs Act, Sole Proprietorship, Tax Breaks, tax credit, Tax Law |
3 Comments
Subscribe to RSS Feed
