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Articles

Four Months Later, A State Budget Deficit Still Lingers
The state budget is expected to end the year in the red by about $192.7 million.
IRS Security Summit urges tax pros to protect their identification numbers: EFINs, PTINs, CAF numbers
The Internal Revenue Service, state tax agencies and the tax industry today urged tax practitioners to maintain and monitor their Electronic Filing Identification Numbers (EFINs) and Centralized Authorization File (CAF) numbers to help safeguard...
IRS: What to Know About 5071C Letters and the Online Identity Verification Process
The IRS wanted to give you an update on our efforts to determine who filed a suspicious tax return. In some cases, we will send Letter 5071C to certain taxpayers and ask the them to use an online identity verification process. Taxpayers always...
Labor offers harsh critique of CEO-led commission's report
A group of Connecticut labor leaders on Tuesday released a 15-page analysis lambasting the recent recommendations of the Commission on Fiscal Stability and Economic Growth.
Labor Committee passes “workplace fairness” bills
A bill that would raise the state's minimum wage to $15 squeaked out of committee Thursday, along with a slate of other "workplace fairness" bills promoted by Gov. Dannel P. Malloy.
Forbes: The Danger of Not Understanding Blockchain and Its Impacts
The press surrounding the wild ride of Bitcoin’s valuation mostly misses the larger story of blockchain, the transformational technology that underpins Bitcoin. Companies that work to stay ahead of consumer and client expectations appreciate the...
Economic commission co-chairs: ‘It’s about what’s good for Connecticut’
Jim Smith and Robert Patricelli are the co-chairs of the state Commission on Fiscal Stability and Economic Growth. The 14-member panel recently delivered a sweeping series of recommendations designed to help Connecticut tackle huge retirement...
DRS Warning: CT Taxpayers sent phony tax email bills for Amazon, NewEgg purchases
Connecticut taxpayers are warned by the Department of Revenue Services (DRS) not to open, make a payment or reply to email or any other communication claiming to be a tax bill for Amazon and/or NewEgg purchases. The email directs the tax payment...
IRS Lowers 2018 Family HSA Contribution Limit by $50
The 2018 contribution limit for health savings accounts (HSAs) linked to family coverage will be $6,850 - not $6,900, as the IRS had previously announced.
Winter storm extension: Many businesses have extra time to request a 6-month extension
The Internal Revenue Service today granted many businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns.

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