Blog Archives

How to Declare Your State of Residence for Tax Purposes

    Some taxpayers will have more than one home.  For them it’s important to declare their state of residence. There are no specific rules to follow to declare your residence. Establishing residence is actually what your intentions are.


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6 Proven Reasons to Make a Charitable Donation from Your IRA to Save Money

The American Taxpayer Relief Act of 2012 has temporarily extended the ability of certain taxpayers to make charitable donations from their IRA. The Basics Charitably inclined taxpayers over age 70 1/2 can donate up to $100,000 per year from their


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Happy New (Tax) Year…Unlucky ’13?

  The New Year’s celebrations are over. It’s on to 2013. Will this be unlucky 2013 for taxpayers? We wrote earlier how there are 8 Reasons You Will Pay More Taxes in 2013…Guaranteed. We also pointed out Why the Fiscal


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The Last (Really BIG) Tax-Free Gift

Under current federal estate tax law there is an exclusion up to $5.12 million in 2012. Taxable estates above this amount are taxed at 35%. This exclusion is scheduled to decrease to $1 million beginning in 2013. The tax rate


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Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

  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


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