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Supreme Court's Internet Sales Tax Ruling Is Billion-Dollar Boon for States
The U.S. Supreme Court says states are allowed to collect sales taxes from online retailers that don’t have a have a physical presence in their borders. By a 5-4 vote in the case South Dakota v. Wayfair, the majority overturned the court's 1992...
Ruling enables CT to capture millions in taxes from online sales
The U.S. Supreme Court's decision Thursday opening the door for states to capture sales tax receipts for online and other remote transactions could help Connecticut capture more than $100 million annually in new revenues.
View Louis Bucari's 'Hot Topics with the DRS' Slides
Connecticut Department of Revenue Services Legal Counsel Louis Bucari talked "Hot Topics with the DRS" to a packed house at the June 21 Easton CONNection - and was gracious enough to allow us to share his slides with our members. Louis addressed...
Republicans Continue Campaign Against Connecticut's 'Death Tax'
The only two things certain in life are death and taxes, but the 2018 governor’s race has combined the issues into a battle over death taxes. With the primaries less than two months away, virtually all Republican candidates are calling for...
DRS Issues Guidance Regarding the Calculation of the Pass-Through Entity Tax
The Department of Revenue Services (DRS) recently issued Guidance Regarding the Calculation of the Pass-Through Entity Tax , the result of new federal (Tax Cuts and Jobs Act of 2017) and state (Public Act 18-49) legislation. At the suggestion...
DRS, CTCPA, and CBA Liaison Dinner Meeting - June 26: Get answers directly from DRS staff
The evening will include open dinner discussions with DRS representatives at each table and a Q&A session after dinner.
DRS Issues Guidance Regarding Treatment of Bonus Depreciation for Connecticut Income Tax Purposes
The Department of Revenue Services (DRS) recently issued guidance on treatment and decoupling of bonus depreciation for Connecticut income tax purposes, the result of new federal (Tax Cuts and Jobs Act of 2017) and state ( Public Act 18-49 )...
Need for IRS Guidance on New Pass-Through Deduction A Top Member Concern
When will the Internal Revenue Service (IRS) issue guidance on new Internal Revenue Code section 199A? That’s the number one question on CPAs’ minds related to the Tax Cuts and Jobs Act.
DRS Update: 2018 Estimated Connecticut Pass-Through Entity Tax Payment Coupon and Additional Resources
We know many of you are struggling with the impending pass-through entity tax deadline. Your questions helped inform the DRS implementation guidance issued last week, but a number of unanswered questions remained, particularly regarding payment....
Draft 2019 Form W-4 and instructions posted
The IRS issued a draft version of the 2019 Form W-4, Employee’s Withholding Allowance Certificate, and instructions for the form, in an attempt to further simplify the task of determining income tax withholding for individual taxpayers after the...

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  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.”