Tax & Accounting Blog

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 3 – U.S. Tax Return Obligations for Nonresident Aliens

Foreign Nationals: Resident Alien or Nonresident Alien and Why It Matters: Part 3 – U.S. Tax Return Obligations for Nonresident Aliens

Tax return filing obligations for nonresident aliens depend on the type of income that they have during the tax year – ECI, FDAP income, or both.  Nonresidents with No ECI. Nonresident aliens whose only U.S.-source income is FDAP income on which the correct amount of tax has been withheld (including applicable tax treaty reductions or … Read More

Extensions Granted Due To Hurricane Sandy Remain In Place

Extensions Granted Due To Hurricane Sandy Remain In Place

Connecticut Commissioner of Revenue Services Kevin Sullivan has advised state taxpayers that the previously announced extension of state tax deadlines due to Hurricane Sandy through the end of the business day on November 7, 2012 remains in place. State tax deadlines will not be affected by any Internal Revenue Service (IRS) extensions for federal tax … Read More

Connecticut Governor Issues Another Executive Order Due To Hurricane Sandy

Connecticut Governor Issues Another Executive Order Due To Hurricane Sandy

Due to Hurricane Sandy, Connecticut Governor Dannel Malloy has issued Executive Order 26 dated October 31, 2012, which extends the tax filing deadline from October 31, 2012 to November 15, 2012 for those that pay property taxes on a quarterly basis. Municipalities may not assess interest on the amount due if the payment is received … Read More

Arizona Rejects Permanent Sales Tax Increase

Arizona Rejects Permanent Sales Tax Increase

Voters in Arizona rejected Proposition 204, which would have permanently increased the state sales tax by 1%, and benefited the school systems.  This permanent increase would have effectively replaced the existing 1% temporary sales tax increase, which will expire May 31, 2013. Source: http://azdailysun.com/news/local/state-and-regional/sales-tax-hike-for-schools-defeated/article_3d870892-aeab-53d7-9991-3aeb14d3c893.htmlRead More

Property Tax Deadline Changes in Connecticut Due To Hurricane Sandy

Property Tax Deadline Changes in Connecticut Due To Hurricane Sandy

ONESOURCE November 7, 2012

Due to Hurricane Sandy, Connecticut Governor Dannel Malloy has issued Executive Order 24 dated October 29, 2012, which extends the deadline for filing personal property tax declarations or extensions to file such declarations to November 15, 2012.  Executive Order 24 also extends the deadlines for filing certain property tax exemption applications relating to farm machinery, … Read More