CPA Practice

JANUARY 24, 2024

(TNS) The IRS announced Monday that tax relief for individuals and businesses in flood-stricken parts of Connecticut would be made available. IRS officials announced the agency would extend its April 15 filing deadline for those taxpayers, who now have until June 17, 2024 to submit tax returns and make tax payments.

Connecticut 72

Connecticut Tax tax return income tax 72

Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

income tax 88

income tax Tax tax return Connecticut 88

CPA Practice

FEBRUARY 15, 2024

Also, individual states may or may not conform their state tax deadlines to the extended federal tax deadlines. Here’s a list of states with IRS tax deadline extensions for 2023 federal income tax returns (normally filed in early 2024) and other details you need to know if you’re in an impacted area.

Rhode Island 102

Rhode Island West Virginia Tennessee Connecticut 102

CPA Practice

NOVEMBER 29, 2023

In light of the developments associated with efforts to the increasing digitalization of our economy – which has profound effects on sales taxability, income tax sourcing, and the application of Public Law 86-272, the panel covers the inconsistent interpretations of tangible person Property. So, Now What Do We Do?

New York 52

New York Tax Connecticut New Jersey 52

ThomsonReuters

FEBRUARY 9, 2022

The DOL also has a list of potential FUTA credit reduction states for tax year 2022, which includes California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania, and the U.S. Department of Labor (DOL) announces the list of FUTA credit reduction states each November. Virgin Islands.

payroll 98

payroll California Connecticut Tax 98

CTP

FEBRUARY 29, 2024

Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income.

Gambling 105

Gambling Tax Account accountant 105

ThomsonReuters

JANUARY 16, 2024

The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. How is the EITC changing?

Tax 52

Tax income tax tax planning payroll 52