Tax Tip December 2023 – Clean Vehicle Credits Pay Less at the Dealership
Clean vehicle credits can help car buyers pay less at the dealership Taxpayers who buy a qualifying new or used clean vehicle may be able to transfer their tax credits to the dealer in exchange for a financial benefit – such as a lower cost – starting Jan. 1, 2024. Benefits of transferring the credit […]
Tax Tip November 2023 – Documents Needed to Prepare Your Returns
Tax filers should have all their info before visiting a tax professional. It’s important for taxpayers to gather all their records and get copies of any missing documents before they sit down to prepare their return, and taxpayers who use a professional tax preparer should make sure they have all their information ready before their […]
CTCPA DAY OF GIVING 2023
CTCPA Day of Giving 2023! Back by popular demand! Bring your donations to the CTCPA Day of Giving social and collection drive at the CTCPA office in Rocky Hill on Tuesday, November 28 from 8:00-10:00 a.m. Meet a few of our awesome staff, Kyle Bilodeau, CPA, Lydia Catanzaro, CPA & Thomas Heard (TC) taking the […]
ANNUAL SHRED EVENT 2023!
FREE PAPER SHREDDING EVENT & SUPPORT FOR LOCAL VETERANS Start gathering your shredding! Nicola, Yester & Company will be having their annual paper shredding event Saturday November 4, 2023 from 9:00am – 12:00pm located at 223 Eastern Boulevard, Glastonbury. This is a great opportunity for you to clean out sensitive documentation and have it securely […]
Tax Tip October 2023 – Avoiding Identity Theft Scammers Posing as the IRS
Avoiding identity theft scammers posing as the IRS Imitation may be the sincerest form of flattery, but when scammers pose as the IRS it means trouble for taxpayers. Identity thieves may contact taxpayers through fraudulent calls, emails, texts or social media messages pretending to be the IRS. Here are tips to help taxpayers know […]
Tax Tip September 2023 – Teacher/Educator Expense Deductions
Teachers often buy classroom supplies with their own money. The Educator Expense Deduction helps them get some of that money back. Eligible teachers and administrators can deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren’t reimbursed by their employer, a grant […]
Tax Tip August 2023 – Things Extension Filers Should Know
Things for extension filers to keep in mind as they prepare to file. Many people requested an extension to file their tax return after the usual April deadline. These filers have until Oct. 16, 2023, to complete and file their tax return. The IRS suggests that those who already have the forms and information they […]
Tax Tip of the Month – July 2023
Taxpayers can appeal when they disagree with an IRS decision When taxpayers disagree with the IRS’s decision on their tax situation, they can submit a written request to have the IRS Independent Office of Appeals review the decision. The goal of Appeals is to resolve tax disputes outside of the courtroom in a way that […]
Tax Tip of the Month – June 2023
The IRS alerts taxpayers of suspected identity theft by letter Scammers sometimes use stolen Social Security numbers to file fraudulent tax returns and collect refunds. To prevent this, the IRS scans every tax return for signs of fraud. If the system finds a suspicious tax return, the IRS reviews the return and sends a letter […]