Home › Tax News ( › Page 31)
Blog Archives

When (and How) to Declare the Sale of Your Primary Residence

Posted in Tax News on August 21, 2012

Recently a new client came to us.  The Internal Revenue Service (“IRS”) was looking for $262,532 in back taxes.  This was from the sale of their home two years ago. Form 1099-S Reporting Requirements Attorneys that handle real estate closings…

Read more

Tagged with: , , , , , , , , , , , , , ,

7 Easy Steps to Manage an Estate in Connecticut

Posted in Estate Planning, Tax News on August 14, 2012

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…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , ,

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…

Read more

Tagged with: , , , , , , , , , , , , , , , , , ,

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…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,

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…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , ,