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Articles

Senate Bills Would Repeal Fringe Benefits Provision
Lawmakers are increasingly aware of the need to fix a provision in the new tax law that requires tax-exempt organizations to pay taxes on employee parking and transportation benefits.  Read more...    (Source: ASAE)
30 million people are not withholding enough for taxes - How to tell if you’re one of them
The GAO says 21 percent of taxpayers – or about 30 million people – aren’t withholding enough taxes from their pay this year.
State-by-State Tax Legislation in Response to Federal Tax Reform
The Tax Cuts and Jobs Act, the major tax reform law passed into law at the end of 2017, has had many affects on taxpayers, particularly regarding the deductiblity of property and local taxes, but also in other areas. As a result, many states have...
Just Added: Live AND Livestream "Understanding the New Pass-Through Entity Tax" Program
Join us from 8:30 to 10:30 a.m. on Tuesday, August 28 for this two-hour session and learn from members of the CTCPA State Taxation Committee about this new legislation. The session will focus on the practical implications of the new tax on your...
Tax Security 101: Security Summit outlines ‘Security Six’ basic safeguards for tax professionals’ computers and email
The Internal Revenue Service and the Security Summit partners outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data. The “Security Six” protections fall...
Gov. Malloy, AG Jepsen: Connecticut Joins Lawsuit to Protect State Taxpayers from Drastic Cut in State and Local Tax Deduction
Governor Dannel P. Malloy and Attorney General George Jepsen today announced that Connecticut has joined a lawsuit to protect the state and its taxpayers from Washington’s drastic curtailment of the State and Local Tax (SALT) deduction.
Connecticut Joins Lawsuit Challenging Federal Tax Law
Connecticut joined three other states Tuesday and filed a federal lawsuit against U.S. Treasury Secretary Steven Mnuchin and the U.S. Internal Revenue Service over the new $10,000 cap on the federal tax deduction for state and local taxes....
Study: CT workers’ comp. reforms showing results
A change to Connecticut law has led to lower workers compensation payments for outpatient surgeries, according to a recent study by the Workers Compensation Research Institute.
More than 2 million ITINs to expire this year; Renew soon to avoid refund delays
With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the Internal Revenue Service today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund...
IRS Working on a New Form 1040 for Tax Season
As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season. The new 1040 – about half the size of the current version -- would replace...

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