Blog Archives

3 Proven Reasons Young Investors Should Fund a Roth IRA and Roth 401(k) to Save

Posted in Tax News on July 14, 2013

Time As the Rolling Stones said, “Time is on my side.” And so it is with younger investors, time is clearly on their side. The benefit to a Roth IRA or Roth 401(k) plan is that if all of the…

Tagged with: 401(k) Plan, Catch-Up Provision, Employer Match, Income Tax, ira, Rolling Stones, Roth 401(k) Plan, roth ira, Self-Employed, Tax Bracket, Tax Penalty, Tax-Free, Wages

3 Easy Steps For Mid-Year Tax Planning

Posted in Tax News on June 30, 2013

Half the year is in the books. Many people are playing golf, going to the beach or having a barbeque. It is also the time however to have your Mid-Year Tax Planning. Here are 3 Easy Steps to make this…

Tagged with: 401(k) Plan, Estimated Taxes, Form 1040-ES, Form CT-1040-ES, form ct-w-4, Form W-4, Income Tax, Income Tax Penalty, ira, Retired, roth conversion, roth ira, Self-Employed, Short Term Capital Gains, Stock Options, Tax Penalty

When to Borrow Against Your 401(k) Plan

Posted in Tax News on June 23, 2013

While you don’t necessarily want to borrow against your 401(k) plan, there might be some situations when you would consider it. 401(k) Plan Loans The Internal Revenue Service (“IRS”) allows employers to allow employees to borrow against their 401(k) plan.…

Tagged with: 10% Penalty, 401 (K) Plan Loan, 401(k) Plan, College, Employee, Employer, Income Tax, Income Tax Deductions, interest rates, Internal Revenue Service, IRS, mortgage, Payroll Tax Deduction, Plan Document, Prime Rate, Refinancing, Tax Deduction, Tax Penalty

Why You Need Form W-9 Now to Complete Form 1099 Later

Posted in Tax News on June 16, 2013

1099 Filing Requirements Businesses have a responsibility to file Form 1099-MISC to all unincorporated businesses that they pay more than $600 to annually. An unincorporated business is a sole-proprietorship, partnership or a Limited Liability Company (“LLC”). In addition to having…

Tagged with: 1099, Attorney, Backup Withholding, D/B/A, Doing Business As, Form 1099, Form 1099-MISC, Form W-9, Income Tax, Independent Contractor, Internal Revenue Service, IRS, Legal Services, Limited Liability Company, LLC, Medical Payments, Partnership, Sole Proprietorship, Subcontractor, Tax ID#, Tax Identification Number, TIN, Trade Name

How to File Your FBAR and Sleep (Well) at Night

Posted in Tax News on June 2, 2013

The Report of Foreign Bank and Financial Accounts (“FBAR”) Form TD F 90-22.1 is used to report an interest in foreign financial accounts. Who Must File Any U.S. person with a financial interest or signature authority must file an FBAR…

Tagged with: Corporations, Estate, FBAR, Foreign Bank Account, form 8938, Form TD F 90-22.1, Income Tax, Income Tax Forms, IRS, Limited Liability Company, LLC, Offshore Voluntary Disclosure Initiative, OVDI, Partnership, Tax Amnesty, Tax Penalty, Trust, U.S. Treasury

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

3 Proven Reasons Young Investors Should Fund a Roth IRA and Roth 401(k) to Save

3 Easy Steps For Mid-Year Tax Planning

When to Borrow Against Your 401(k) Plan

Why You Need Form W-9 Now to Complete Form 1099 Later

How to File Your FBAR and Sleep (Well) at Night

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Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

3 Proven Reasons Young Investors Should Fund a Roth IRA and Roth 401(k) to Save

3 Easy Steps For Mid-Year Tax Planning

When to Borrow Against Your 401(k) Plan

Why You Need Form W-9 Now to Complete Form 1099 Later

How to File Your FBAR and Sleep (Well) at Night

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885