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Accounting Today: Connecticut issues guidance on pass-through tax credit
The Connecticut Department of Revenue Services released guidance this week on the recently enacted Pass-Through Entity Tax Credit, which state lawmakers approved this spring as a way to get around limits in the new federal tax law on state and...
DRS Issues Guidance Regarding the Passthrough Entity Tax Credit
This preliminary guidance is intended to provide information to partners about the credit available under the Pass-Through Entity Tax (“PE Tax”). This guidance may be updated as needed to answer additional questions.
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...
View Louis Bucari's 'Hot Topics with the DRS' Slides
Connecticut Department of Revenue Services Legal Counsel Louis Bucari talked "Hot Topics with the DRS" to a packed house at the June 21 Easton CONNection - and was gracious enough to allow us to share his slides with our members. Louis addressed...
DRS Issues Guidance Regarding the Calculation of the Pass-Through Entity Tax
The Department of Revenue Services (DRS) recently issued Guidance Regarding the Calculation of the Pass-Through Entity Tax , the result of new federal (Tax Cuts and Jobs Act of 2017) and state (Public Act 18-49) legislation. At the suggestion...
DRS, CTCPA, and CBA Liaison Dinner Meeting - June 26: Get answers directly from DRS staff
The evening will include open dinner discussions with DRS representatives at each table and a Q&A session after dinner.
DRS Issues Guidance Regarding Treatment of Bonus Depreciation for Connecticut Income Tax Purposes
The Department of Revenue Services (DRS) recently issued guidance on treatment and decoupling of bonus depreciation for Connecticut income tax purposes, the result of new federal (Tax Cuts and Jobs Act of 2017) and state ( Public Act 18-49 )...
DRS Update: 2018 Estimated Connecticut Pass-Through Entity Tax Payment Coupon and Additional Resources
We know many of you are struggling with the impending pass-through entity tax deadline. Your questions helped inform the DRS implementation guidance issued last week, but a number of unanswered questions remained, particularly regarding payment....
DRS Issues Implementation Guidance on 2018 Estimated Payments for the Newly Enacted Pass-Through Entity Tax
On May 31, 2018, Governor Malloy signed Public Act 18-49 , An Act Concerning an Affected Business Entity Tax, Various Provisions Related to Certain Business Deductions, the Estate and Gift Tax Imposition Thresholds, the Tax Treatment of Certain...