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3 Proven Reasons a Connecticut Business Owner Should Elect Subchapter S

Posted in Tax News on September 29, 2013

Business owners of corporations will by default have a “C” Corporation. If they are eligible and they elect, they could be a Subchapter S (“Sub S”) corporation. An eligible Sub S corporation meets the following…

Tagged with: Asset Sale, Business Owner, C Corporation, Connecticut Business Owner, Connecticut Business Owners, double taxation, Estates, Form 2553, Income Tax, Internal Revenue Service, IRS, Medicare Tax, Reasonable Compensation, S Corporation, Shareholders, Social Security Tax, Stock Sale, Sub S, Subchapter S Corporation, Trusts

The Difference Between the FBAR and IRS Form 8938

Posted in Tax News on May 15, 2012

Investors with offshore accounts must be familiar with the filing requirements of the FBAR and IRS Form 8938. FBAR Any U.S person with offshore accounts that had more than $10,000 in them any time during the year must file…

Tagged with: Civil Penalty, Corporation, Electronic File, Estates, FBAR, Foreign Assets, form 8938, Form TD F 90-22.1, Income Tax, Internal Revenue Service, Investors, IRS, Married Filing Jointly, Offshore Accounts, Partnerships, Report of Forreign Bank and Financial Account, Statement of Specified Foreign Asset, Trusts

How to Pay Estimated Income Taxes and Avoid IRS Penalties

Posted in Tax News on October 27, 2011

Taxpayers must pay their taxes “as they go.” For many taxpayers, their income taxes are withheld from their paychecks. For taxpayers that don’t have any withholding, they will need to make estimated tax payments.

Tagged with: Adjusted Gross Income, AGI, Alternative Minimum Tax, AMT, Connecticut, Connecticut Estimated Income Tax, Connecticut State Income Tax, CT, Department of Revenue Service, DRS, Estates, Estimated Tax, Form 1040-ES, Form 1099-R, Form 2210, Form CT-1040-ES, Form W-2, Form W-4, Form W-4P, Hartford, Hartford Connecticut, Hartford CT, Income Tax, Internal Revenue Service, ira, IRS, Itemize Deductions, Itemized Deductions, Penalty, Pension, Retirees, Social Security, Standard Deduction, State Income Tax, Trust, Wages, Withholding

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

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The Difference Between the FBAR and IRS Form 8938

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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

3 Proven Reasons a Connecticut Business Owner Should Elect Subchapter S

The Difference Between the FBAR and IRS Form 8938

How to Pay Estimated Income Taxes and Avoid IRS Penalties

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