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Important Filing Update from the Connecticut Department of Revenue Services
Form CT-W-3 and federal Form W-2 must be submitted by employers to the Connecticut DRS by January 31, 2016. The Connecticut DRS requires all withholding forms to be filed electronically. However, the Commissioner realizes that the electronic...
It's Official: 2016 Filing Season Opens Jan. 19
Now that President Obama has signed into law legislation that extends a bevy of tax incentives for businesses and individuals, the IRS officially announced on Monday that tax-filing season will open as scheduled on Jan. 19, 2016.  The tax...
2016 Standard Mileage Rates for Business, Medical, Moving Announced
The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Federal Tax Issues Associated with ‘Crowdfunding’
"Crowdfunding,” which generally refers to the practice of gathering online contributions for a project from a large group of financial backers, began primarily as a way for artists and other creative types to raise funds for their...
New Early Interaction Initiative Will Help Employers Stay Current with Their Payroll Taxes
The Internal Revenue Service has launched a new initiative designed to more quickly identify employers who are falling behind on their payroll or employment taxes and then help them get caught up on their payment and reporting responsibilities....
IRS Criminal Investigation Releases Fiscal Year 2015 Annual Report
The Internal Revenue Service today announced the release of its IRS Criminal Investigation (CI) annual report , reflecting significant accomplishments and enforcement actions taken in fiscal year 2015. Focusing on tax-related identity theft,...
IRS, States, Industry Partners Provide Update on Collaborative Fight Against Tax-Related Identity Theft
On March 19, 2015, IRS Commissioner John Koskinen convened an unprecedented Security Summit with public and private tax administration leaders to discuss common challenges and ways to combat tax-related identity theft. IRS officials, the chief...
Surf and Shop Safely: DRS Commissioner Says Awareness Important in Preventing Identity Theft
The abundance of smart phones and ease of online shopping are moving consumers away from traditional brick and mortar stores, but Commissioner of Revenue Services Kevin B. Sullivan suggested consumers take precautions before and while shopping...
Safe Harbor for Purchases of De Minimis Tangible Property Will Be Raised
The IRS announced on Tuesday that it will raise the deductible amount for purchases of tangible property by taxpayers without applicable financial statements (AFSs) to $2,500 per item, an increase from $500 ( Notice 2015-82 ). The IRS made the...
DRS Commissioner Joins National Anti-Fraud Effort
Connecticut State Tax Commissioner Kevin Sullivan today joined the Internal Revenue Service (IRS), other state tax officials and representatives of major tax preparation businesses to focus on a new, coordinated nationwide effort to fight tax...

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