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Senate and House G.O.P. Reach a Deal on Tax Bill
The agreement on a consensus bill between House and Senate Republicans keeps the party on track for final votes next week on the most sweeping tax rewrite in decades.
Standard Mileage Rates for 2018 Up from Rates for 2017
The Internal Revenue Service issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Gov. Malloy Announces First Meeting of the Newly Formed Commission on Fiscal Stability and Economic Growth
The 14-member group was created as part of the bipartisan state budget that Governor Malloy signed into law on October 31 and will be responsible for developing and recommending policies to achieve state government fiscal stability and promote...
House Republicans Working on IRS Reform
The House Ways and Means Oversight Subcommittee held a hearing Dec. 13 to discuss ways to restructure the IRS.
IRS Provides Additional Relief for Partnerships and Certain Other Entities
The Internal Revenue Service today issued revised guidance extending relief for certain partnerships, real estate mortgage investment conduits (REMICs), and other entities that did not file the required returns by the new due date for tax years...
Standard Mileage Rates for 2018 Up from Rates for 2017
Source: www.irs.gov December 14, 2017 WASHINGTON ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving...
Gov. Malloy Submits Deficit Mitigation Options to Legislature
Governor Dannel P. Malloy today issued a series of deficit mitigation options to the leadership of the Connecticut General Assembly for their review to resolve the approximate $208 million current year deficit.
Consumer Alert: IRS Warns Taxpayers, Tax Pros of New Email Scam Targeting Hotmail Users
Source: www.irs.gov December 13, 2017 The Internal Revenue Service today warned taxpayers and tax professionals of a new email scam targeting Hotmail users that is being used to steal personal and financial information. The phishing email...
Breaking News: House and Senate Republicans have a tax deal, putting a bill on track for final votes next week. It has cuts for businesses and high earners.
BREAKING NEWS House and Senate Republicans have a tax deal, putting a bill on track for final votes next week. It has cuts for businesses and high earners. Wednesday, December 13, 2017 12:12 PM EST House and Senate Republicans have...
CT CPAs Warn of Dire Impact of New Federal Tax Plan
Connecticut's accountants are frustrated that they can give clients only limited advice about a massive federal tax overhaul underway in Congress, and some predict there will be more losers than winners among individual taxpayers in the state.