CTCPA - Connecticut Society of CPAs

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DRS Guidance on Mandatory Pension Withholding
DRS Advises Payers of Pensions, Annuities, and Other Deferred Compensation Payments on “Implementation of Mandatory Withholding” On December 7, 2017, Department of Revenue Service Commission Kevin B. Sullivan issued a memorandum to...
FASB: Small Business Advisory Committee Meeting Recap
The Small Business Advisory Committee (SBAC) met on November 30, 2017.
FATCA IDES Testing Dec. 18 to Jan. 26
The FATCA International Data Exchange Service (IDES) opens for testing from Monday, December 18, 2017 at 8:00 AM EST to Friday, January 26, 2018 at 5:00 PM EST (UTC/GMT -5). The test session will be open to users that have completed IDES...
Get to Know the Taxpayer Bill of Rights
This is the final tip in a two-part summary of the rights granted to all taxpayers. Every taxpayer has rights. The Taxpayer Bill of Rights takes these rights from the tax code and groups them into 10 categories. Taxpayers interacting with the...
Senate Passes Tax Reform Bill
The U.S. Senate passed its version of tax reform, the Tax Cuts and Jobs Act, H.R. 1, early Saturday morning by a vote of 51–49, with all Democrats, both independents, and one Republican voting no. The vote followed two long days of debate and...
CT Mirror: Connecticut's CPAs warn of dire impact of new federal tax plan
Gov. Malloy Announces Launch of State’s ‘Fresh Start’ Tax Initiative
Governor Dannel P. Malloy along with Department of Revenue Services (DRS) Commissioner Kevin Sullivan today announced that DRS is launching the CT Fresh Start program – a voluntary compliance initiative available to both individuals and...
DRS Addresses Taxpayer Confusion About New Retirement Income Withholding
Under new legislation enacted during the regular 2017 session of the Connecticut General Assembly, Connecticut resident taxpayers receiving pension and other retirement income distributions must have taxes withheld. This is not a new tax....
U.S. Senate Passes Tax Reform Bill
The U.S. Senate passed its version of tax reform, the Tax Cuts and Jobs Act, H.R. 1, early Saturday morning by a vote of 51–49, with all Democrats, both independents, and one Republican voting no.
CT News Junkie: Legislative Leaders, Malloy To Meet Mid-Week To Discuss Deficit
Legislative leaders will meet Wednesday with Gov. Dannel P. Malloy in what could be an awkward conversation over how to handle the current deficit.