Blog Archives

4 Reasons NOT to Wait for Your K-1

Posted in Firm News, Tax News on January 6, 2023

Subchapter S corporations (“Sub S”), partnerships, limited liability companies (“LLC’s”) and estates and trusts issue form K-1s. This form documents the stockholders, partners, members or beneficiaries share of their profit or loss from the entity. Don’t wait for this form…

Tagged with: Amended K-1, April 15th, Beneficiary, Certified Public Accountant, CPA, Estate, extension, Form 1040, Form 1099, Form 2848, Income Tax, Income Tax Penalty, K-1, Limited Liability Company, limited partnership, LLC, Member, Partner, Partnership, Penalty, Stockholder, Sub S, Subchapter S, Subchapter S Corporation, Tax Extension, Tax Penalty, Trust

How to File a Personal Property Tax Declaration in Connecticut

Posted in Small Business, Tax News on October 2, 2018

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2018. Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of…

Tagged with: Audit, Connecticut, Connecticut Business Owner, Cost Basis, CT, Depreciation, Depreciation Schedule, Fixed Assets, Machinery, Penalty, Personal Property Tax Declaration, Real Estate, Real Property, Tax Elections, Tax Revenue, Town Assessor, Vehicle

4 Easy Steps to Prepare Your Connecticut Personal Property Tax Declaration

Posted in Tax News on October 14, 2013

For Connecticut business owners their 2013 personal property tax declaration report is due by November 1, 2013. A report must be filed in each town that the business owns personal property. Unlike real estate and vehicles, personal property is self-reported. …

Tagged with: Assessment, capital lease, Certified Public Accountant, Connecticut, Connecticut Business, CPA, Depreciation, Depreciation Schedule, extension, Fixed Assets, Good Cause, Lease Agreement, Penalty, Personal Property Tax Declaration, Real Estate, Rental Real Estate, Tax Extension, Tax Penalty, Town Assessor

4 Reasons to Get IRS Form W-9

Posted in Tax News on August 28, 2012

1) Two Simple Questions That Taxpayers Will Need to Answer Carefully This Year Two simple questions were added to the income tax returns last year. These were: “Did you make any payments in 2011 that would require you to…

Tagged with: Attorney, Back up withholding, Congress, Corporation, Form 1065, Form 1099, Form 1120, Form W-9, Income Tax, Internal Revenue Service, IRS, Limited Liablity Company, LLC, Partnership, Penalty, Reasonable Cause, Schedule C, schedule E, Sole Proprietorship, Tax Gap, Tax Identification Number, Tax Penalty, Unincorporated Business

How (and When) to File an Income Tax Extension

Posted in Tax News on April 10, 2012

Due Date The federal income tax returns are normally due on April 15th. This year, the 15th falls on a Sunday, so the due date should be Monday the 15th. However, Monday the 16th is Emancipation Day so the due…

Tagged with: April 15, April 17, Connecticut, Connecticut Income Tax Extension, Connecticut Taxpayer, CT, extension, Form 4868, Form CT-1040-Ext, form k-1, Income Tax, income tax extension, Income Tax Penalty, Income Taxes, Individual Retirement Arrangement, Interest, Internal Revenue Service, Investments, ira, IRS, October 15th, Penalty, roth ira, SEP, Simplified Employee Pension, Tax Extension, Tax Penalty

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

4 Reasons NOT to Wait for Your K-1

How to File a Personal Property Tax Declaration in Connecticut

4 Easy Steps to Prepare Your Connecticut Personal Property Tax Declaration

4 Reasons to Get IRS Form W-9

How (and When) to File an Income Tax Extension

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

4 Reasons NOT to Wait for Your K-1

How to File a Personal Property Tax Declaration in Connecticut

4 Easy Steps to Prepare Your Connecticut Personal Property Tax Declaration

4 Reasons to Get IRS Form W-9

How (and When) to File an Income Tax Extension

Search

Links

Latest News

Categories

Get Free Tax Tips

Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885