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9 Easy Steps for a Mid-Year Tax Review

Posted in Tax News on June 12, 2012

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT. Half of the year is almost over. Don’t wait until the end of the year to do your planning. It’s time for your Mid-Year Tax Review. …

Tagged with: 401(k) Plan, Capital Gains, charitable donatations, Donations, estimated tax payments, Form 1040-ES, Form CT-1040-ES, form ct-w-4, Form W-4, gift tac, Gift Tax Return, Income Tax, income tax planning, Investors, ira, Long Term Capital Gains, Required Minimum Distribution, Retirees, RMD, roth conversion, roth ira, Self-Employed, Withholding

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

Posted in Tax News on April 3, 2012

1) Don’t panic. The returns are due on April 17th this year. This is due to April 15th falling on the weekend and April 16th being a holiday in Washington DC. If you can’t get your return completed and filed…

Tagged with: 401(k) Plan, Connecticut, Connecticut Income Tax, Connecticut Income Tax Return, Connecticut Retailers, Connecticut Sales tax, Connecticut Taxpayer, Connecticut use tax, CT, Dividends, estimated income taxes, Estimated Taxes, extension, FBAR, Foregin Assets, Foregin Bank Account, Form 4868, form 8938, Form CT-1040-Ext, Form TD F 90-22.1, Income Tax, income tax extension, income tax planning, Income Tax Return, Interest, ira, Married Filing Jointly, Married Filing Separately, Offshore Accounts, offshore investments, Ordinary Dividends, Penalties, Retirement, roth ira, Schedule B, tax deductions, tax exte, Tax penalties, tax planning, Withholding

Payroll Tax Cut Temporarily Extended into 2012

Posted in Tax News on January 11, 2012

Congress recently passed and the President signed the Temporary Payroll Tax Cut Continuation Act of 2011.This act temporarily extends the two percentage point payroll tax cut for employees by continuing the reduction of their Social Security tax withholding rate from…

Tagged with: Compensation, Congress, Employee, Employer, Income Tax, Income Taxes, Internal Revenue Service, IRS, Payroll Tax, Payroll Taxes, President, President Obama, Social Security Tax, Tax Withholding, Wages, Withholding

4 Ways to Help Your CPA and Reduce Your Taxes

Posted in Tax News on December 20, 2011

Here are 4 ways to Help Your CPA and Reduce Your Taxes: 1) Have a Year End Planning Meeting with Your CPA This meeting can be in person or over the phone, it really doesn’t matter. The only thing that…

Tagged with: April 15th, Cash Basis, Certified Public Accountant, CPA, Estimated Taxes, Income Tax Return, Income Taxes, LLC, October 15th, Partnership, Schedule K-1, SEP, Simplified Employee Pension, Tax Extension, Tax Organizer, tax planning, Tax Return, Tax Strategy, Withholding, Year End

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

Blog Archives

9 Easy Steps for a Mid-Year Tax Review

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

4 Ways to Help Your CPA and Reduce Your Taxes

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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

9 Easy Steps for a Mid-Year Tax Review

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

Payroll Tax Cut Temporarily Extended into 2012

4 Ways to Help Your CPA and Reduce Your Taxes

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