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Connecticut Joins Pact on Employee Misclassification Initiative

Posted in Tax News on May 8, 2012

The misclassification of employees as independent contractors, presents a serious issue for affected employees, employers, and to the economy. Misclassified employees are often denied access to critical benefits and protections such as family and medical leave, overtime, minimum wage and…

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Rental Property Owners Get Relief from 1099 Reporting Requirements

Posted in Tax News on November 28, 2011

Originally under the Small Business Jobs Act, those who received rental income from real estate were going to be considered, to be engaged in a business, and were going to be subject to the requirements to issue 1099 information returns. …

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3 Reasons Why Connecticut Should Not Impose a Buyers Tax on Real Estate Purchases

Posted in Tax News on June 2, 2011

  The State of Connecticut Budget proposal includes a conveyance tax on buyers of real estate.  The tax imposed would be 1% of the purchase price on homes purchased above $150,000.  Here are 3 reasons this proposal should not be…

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1099 Reporting Guidelines

Posted in Tax News on December 24, 2009

January 31, 2010 is the deadline to furnish Form 1099-MISC to recipients.  The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. 

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