Tax & Accounting Blog

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 6 – Green Card Test

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 6 – Green Card Test

Foreign nationals who are green card holders are residents for income tax purposes unless they have never actually been physically present in the U.S. in that status. Green card holders are resident aliens from their first day of physical presence in the U.S. in that status or earlier if they became resident aliens under the … Read More

Connecticut Legislative Proposals

Connecticut Legislative Proposals

The Connecticut Department of Revenue Services (DRS) has released its annual list of legislative proposals, which include: – Tying all interest rates, either for under- or overpayment, to the IRC; – Require the collection of sales taxes by cigarette distributors and alcoholic beverage distributors on retail sales; – Allow the commissioner to impose civil penalties … Read More

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky’s ‘Blue Ribbon Commission on Taxation’ is on the Clock

Kentucky Gov. Beshear’s “Blue Ribbon Commission on Taxation” is due to deliver a finalized report of its recommendations for updating the state tax code. The Commission has held 14 hearings during the year, which included testimony from business leaders, tax experts, and other citizens. The Governor has acknowledged that passing a comprehensive tax reform within … Read More