Whether you're a sole practitioner or run a large tax firm, the AICPA's "Tax Practitioner's Marketing Toolkit" is filled with client letters and surveys, presentations, brochures, and more! Show your clients that you're a tax pro - download your resources today. (Note: You must be an AICPA member to download the toolkit.
 
Lamont tells CT to expect lean spending, sales tax expansion
In a lead-up to his first budget next week, Gov. Ned Lamont asked Connecticut residents Monday to brace for a lean spending plan that overhauls service delivery, restructures pension debt and broadens the sales tax.
IRS provides a safe harbor method of accounting for passenger automobiles that qualify for the 100-percent additional first year depreciation
The Treasury Department and the Internal Revenue Service issued guidance today that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first year...
National Taxpayer Advocate delivers annual report to Congress: Addresses impact of shutdown; urges more funding for IT modernization
National Taxpayer Advocate Nina E. Olson today released her 2018 Annual Report to Congress, describing challenges the IRS is facing as a result of the recent government shutdown and recommending that Congress provide the IRS with additional...
IRS Identity Protection PIN Update
The IRS has expanded eligibility for its IP PIN test program to taxpayers in the top 10 locations where identity thefts are reported to the Federal Trade Commission. The locations are the original three test sites (Washington, D.C., Florida and...
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
IRS Activities Following the Shutdown
The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the IRS resumes operations, there are some important pieces of...
AICPA Letter to Treasury and IRS Highlights Challenges of Government Shutdown on Taxpayers and Practitioners
As this year’s tax filing season approaches, the AICPA and the CTCPA are receiving questions from members about the impact of the government shutdown on the IRS.
With few options, Lamont considers taxing groceries
Gov. Ned Lamont wants to end Connecticut’s cycle of budget deficits, deliver property-tax relief and amass a fiscal bulwark against the next recession. But to do it, he may push wary legislators to extend the sales tax for the first time to...
IRS Update on Shutdown Impact on Tax Court Cases; Important Information for Taxpayers, Tax Professionals with Pending Cases
The United States Tax Court’s website ( www.ustaxcourt.gov ) announced that the Tax Court shut down operations on Friday, December 28, 2018, at 11:59 p.m. and will remain closed until further notice.  The IRS reminds taxpayers and tax...
AICPA Letter to Treasury and IRS Highlights Challenges of Government Shutdown on Taxpayers and Practitioners
As this year’s tax filing season approaches, the AICPA the Connecticut Society of CPAs are receiving questions from members about the impact of the government shutdown on the IRS. Continuing the profession’s long-standing role as a...

More >

  Connecticut CPA magazine feature
The IRS Disqualified Employment Tax Levy:
Just When the Client Thought It Was Safe to Owe Money Again …

By Lauren M. McNair, Esq. and Eric L. Green, Esq., Green & Sklarz LLC

Your client calls frantic one morning just as you are sitting down to your desk. “Joe, what’s up?” you ask genially as you reach for your coffee.

“The IRS just cleaned out my bank account!” yells Joe.

“What do you mean? We worked out a payment plan a year ago at our Collection Due Process hearing with the settlement officer. I thought you paid that off.”

Read more>>>