IRS Circular 230 Disclosure:
To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication, unless expressly stated otherwise, was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.
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Click here to read more about your 990 along with information on the sales
The year is quickly coming to a close, but there is still time to take action to reduce your taxes. Tax rates have increased for 2013 and many taxpayers will see an increase in their tax bill. When tax rates go up, the value of planning also increases. In spite of talk of tax simplification, the tax code keeps getting more complex. Find out what you should do here.
Find out some of the new information regarding rolling over an IRA and how a failure to take your required minimum distribution could cost you. Also, find out the new requirements for your Business Entity Tax for the State of Connecticut.
Filing Deadline for FBAR Approaches June 2014
The deadline for filing the 2013 Report of Foreign Bank and Financial Accounts (FBAR) is June 30th. In the past this report was sent in on paper, but this year the form must be efiled with the Financial Crimes and Enforcement Network (FinCEN), a bureau of the U.S. Treasury. The report is now made on Form 114, which is much the same as the prior paper-filed
Form TD F 90-20.1. Read here for more detail
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