Blog Archives

How a Small Partnership Can Get The Failure to File Penalty Waived

Posted in Tax News on May 26, 2013

Face it, no one likes to get letter from the Internal Revenue Service (“IRS”). This is particularly true when you are being assessed a penalty. The IRS has many different penalties. One penalty they have is the failure to file…

Tagged with: Certified Public Accountant, CPA, Failure to File, Failure to File Penalty, Form 2848, General Partnership, Income Tax Penalty, Internal Revenue Service, IRS, Limited Liability Company, LLC, Partners, Partnership, Partnership Tax Return, POA, Power of Attorney, Rev Proc 84-35, Small Partnership, Statue of Limitations, Tax Penalty

Happy Tax Freedom Day 2013 to Connecticut Taxpayers

Posted in Tax News on May 12, 2013

Tax Freedom Day for the country was on April 18, 2013. This is the day when, on average, taxpayers have paid all of their taxes for the year and now begin to keep what they earn. Tax Freedom Day…

Tagged with: 50 Shades of Tax Deductions, American Taxpayer Relief Act, Certified Public Accountant, Connecticut, Connecticut Sales tax, Connecticut Taxpayers, CPA, CT Sales Tax, Federal Deficit, Happy Hour, Income Tax, income tax planning, Property Tax, Sales Tax, Social Security Tax, Tax Foundation, tax freedom day, tax planning

5 Lessons Learned From Tax Season

Posted in Tax News on May 5, 2013

Another Tax Season has come and gone. Here are the 5 Lessons Learned from this Tax Season. 1) Don’t Pass Tax Legislation on December 31 Congress passed the American Taxpayer Relief Act on December 31, 2012. It’s clear that no…

Tagged with: ACA, Affordable Care Act, American Taxpayer Relief Act, April 15th, Certified Public Accountant, Congress, CPA, E-File, Electronic File, extension, Form 1065, Form 8879, Income Tax, income tax extension, Income Tax Forms, Internal Revenue Service, IRS, K-1, limited partnership, Obama Care, Partnership, Partnership Tax Return, Tax Season

Where’s My K-1?

Posted in Tax News on March 10, 2013

This question is asked frequently during tax season. I suspect it will be asked even more this tax season. There will likely be even more delays this year than in past years. Congress passed The American Taxpayer Relief Act…

Tagged with: April 15th, Certified Public Accountant, Congress, Connecticut, CPA, Estate, extension, Form 1040-X, Form 1041, Form 1065, Form 1120S, Form 4868, Form CT-1040-Ext, Income Tax, IRS, K-1, Limited Liability Company, LLC, Partnership, President Obama, Subchapter S Corporation, Tax Season, Trust

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

Posted in Tax News on September 11, 2012

1) Determine if this is an IRS Field, Office or Correspondence Audit With a Field Audit, the audit will be done at your place of business. Most taxpayers requests that the audit be moved and done at your CPA’s office.…

Tagged with: Attorney, Audit, Audit Appeal, Auditors, Books & Records, Certified Public Accountant, Correspondence Audit, CPA, IDR, Income Tax, Income Tax Deductions, Information Document Request, Internal Revenue Service, Internal Revenue Service Audit, IRS, IRS Audit, IRS Auditors, IRS Correspondence, IRS Field Audit, IRS Office Audit, irs penalties, Power of Attorney, Tax Deduction

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

How a Small Partnership Can Get The Failure to File Penalty Waived

5 Lessons Learned From Tax Season

Where’s My K-1?

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

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Branford, CT 203.208.0572 Manchester, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

How a Small Partnership Can Get The Failure to File Penalty Waived

Happy Tax Freedom Day 2013 to Connecticut Taxpayers

5 Lessons Learned From Tax Season

Where’s My K-1?

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Manchester, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885