Blog Archives

Don't Look Now…Tax Rates are Headed Up!

The Bush era tax cuts are expiring.  Here are some of the key tax rates for 2010 and 2011: 2010                 2011 Ordinary Income                                   35%                 39.6% Long Term Capital Gains                       15%                 20% Qualifying Dividends                             15%                 39.6% Estate Tax                                              0%                 55% Unless Congress decides


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Happy 75th Birthday to the Social Security Administration

Blow out the candles and cut the cake, the Social Security Administration (“SSA”) is celebrating its 75th birthday! I recently attended a presentation by one of the Social Security representatives.  If you get a chance to attend one of these sessions,


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Four Reasons to Review Your Withholding and Estimated Tax Payments Now

The first half of the year is in the books.  It’s time to take a look at your withholding and estimated tax payments.  Why is this important?  To avoid any potential penalty for underpayment of estimated taxes. 


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Why Every Week is "Shark Week" for the Self-Employed in Connecticut

This is “Shark Week” on the Discovery Channel.  We are (not so gently) reminded not to swim with the sharks. For the self-employed in Connecticut, every week is “Shark Week”.  A self-employed person is someone who runs their business as


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Why You Should Not Represent Yourself in an IRS Audit

Most taxpayers should not represent themselves in an IRS audit.  Most taxpayers should have their CPA or tax preparer represent them.  If they hire their CPA, they should not accompany them to the audit.  Why?  They might be tempted to


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