Topics

Audits and Tax Controversies

Department of Labor v. Department of Revenue Services: Employee, Independent Contractor, or BothUpdate on Nonqualified Stock Options and Statutory Limitations on Refunds Claims

Corporate Tax

Governor Ned Lamont's 2025 Budget Contains Significant Proposed Connecticut Tax Law ChangesConnecticut Supreme Court Upholds Property Tax Assessment on Out-of-State Vehicles Connecticut Governor Ned Lamont Proposes $500 Million of Tax Cuts as Part of his 2023 Two-Year, $50.5 Billion Budget

Employee Benefits

Plan Forfeiture Litigation: A Trend to WatchIRS Announces 2025 Plan Limits, With Modest IncreasesIRS Issues Guidance on ROTH Reporting Requirements

Employment/Payroll Taxes

ARPA Extends Certain Paid Leave Tax Credits and FICA Tax Relief for Certain Governmental Employers, Including School Districts

ERISA/Pension and Employee Benefits

Plan Forfeiture Litigation: A Trend to WatchPreviously Exempt Employers May Need to Take Action in 2024 under the MyCTSavings ProgramIRS Announces New Retirement Plan Limits for 2024

Estate and Gift Tax

Historic Connecticut Supreme Court Decision Softens the Burden of Proof in Estate Tax Domicile Disputes–But Significant Questions RemainConnecticut Governor Ned Lamont Proposes $500 Million of Tax Cuts as Part of his 2023 Two-Year, $50.5 Billion Budget2022 Connecticut Tax Developments

Events

Lou Schatz to Present During the CBA's Federal Tax Institute of New England 2022 EventLou Schatz to Present at 2021 NCCPAP Virtual Accounting and Tax SymposiumLou Schatz to Present at the Connecticut Society of CPAs State Tax 360° Conference

Exempt Organizations

Good News for Connecticut “Member” Nonstock CorporationsIRS Finalizes Form 990 Donor-Disclosure Tax RulesConnecticut Nonstock Corporations Temporarily Allowed To Conduct Member Meetings Remotely

Featured Articles

Connecticut Expands Its Sales Tax Free Week and Creates a Year-Round School Supplies Sales Tax ExemptionIRS Notice 2026-40 Provides Transition Guidance for the New Opportunity Zone RegimeHistoric Connecticut Supreme Court Decision Softens the Burden of Proof in Estate Tax Domicile Disputes–But Significant Questions Remain

Federal Tax Relief

What Does Cannabis Rescheduling Mean for Your Taxes and When Will Relief Arrive?   IRS and Connecticut Provide Tax Relief to Taxpayers Impacted by Recent Storms

IRS Programs and Guidance

IRS Launches the Pre-filing Registration Tool for the Inflation Reduction Act of 2022 and CHIPS Act of 2022IRS Issues Guidance on ROTH Reporting RequirementsIRS Launches the Employee Retention Credit Voluntary Disclosure Program

Legislation

Connecticut Expands Its Sales Tax Free Week and Creates a Year-Round School Supplies Sales Tax ExemptionMajor Overhaul of Qualified Opportunity Zones Under the One Big Beautiful Bill Act (OBBBA)Connecticut Repeals Application of the Angel Investor Tax Credit but Allows Deduction of Business Expenses for Cannabis Businesses

Litigation

Historic Connecticut Supreme Court Decision Softens the Burden of Proof in Estate Tax Domicile Disputes–But Significant Questions RemainSecond Circuit Rejects Connecticut’s Charitable Deduction SALT Cap Workaround Connecticut Supreme Court Upholds Property Tax Assessment on Out-of-State Vehicles 

Manufacturing

New Opportunities Under Connecticut's Expanded Tax Credits for Manufacturers

Miscellaneous Taxes

2022 Connecticut Tax Developments2021 Connecticut Tax Developments2020 Connecticut Tax Developments

Municipal Tax

New Connecticut Uniform Solar Capacity Tax

Opportunity Zones

IRS Notice 2026-40 Provides Transition Guidance for the New Opportunity Zone Regime2021 Connecticut Tax DevelopmentsIncentives for Qualified Data Centers to Locate in the State

Pass-Through Entity Tax

Big Changes Coming to Connecticut's Passthrough Entity TaxConnecticut Governor Ned Lamont Proposes $500 Million of Tax Cuts as Part of his 2023 Two-Year, $50.5 Billion BudgetLou Schatz to Present at 2021 NCCPAP Virtual Accounting and Tax Symposium

Personal Income Tax

Governor Ned Lamont's 2025 Budget Contains Significant Proposed Connecticut Tax Law ChangesConnecticut Governor Ned Lamont Proposes $500 Million of Tax Cuts as Part of his 2023 Two-Year, $50.5 Billion Budget2022 Connecticut Tax Developments

Property Tax

Proposed Bill Repealing Connecticut Motor Vehicle Tax Fails to Gain Traction 

Publications

2022 Connecticut Tax DevelopmentsNew Opportunities Under Connecticut's Expanded Tax Credits for Manufacturers2021 Connecticut Tax Developments

Residency/Domicile

Historic Connecticut Supreme Court Decision Softens the Burden of Proof in Estate Tax Domicile Disputes–But Significant Questions Remain2021 Connecticut Tax Developments2020 Connecticut Tax Developments

Sales and Use Tax

Connecticut Expands Its Sales Tax Free Week and Creates a Year-Round School Supplies Sales Tax Exemption2022 Connecticut Tax DevelopmentsLou Schatz to Present at 2021 NCCPAP Virtual Accounting and Tax Symposium

SALT

Connecticut Expands Its Sales Tax Free Week and Creates a Year-Round School Supplies Sales Tax ExemptionSecond Circuit Rejects Connecticut’s Charitable Deduction SALT Cap Workaround 

State Tax Relief

IRS and Connecticut Provide Tax Relief to Taxpayers Impacted by Recent Storms

Tax Credits

Major Overhaul of Qualified Opportunity Zones Under the One Big Beautiful Bill Act (OBBBA)Governor Ned Lamont's 2025 Budget Contains Significant Proposed Connecticut Tax Law ChangesNew Rule on Clean Energy Tax Credits Direct Pay Could Benefit Public Universities and Public Schools

Tax Planning

Major Overhaul of Qualified Opportunity Zones Under the One Big Beautiful Bill Act (OBBBA)Connecticut Launches Tax Amnesty ProgramLou Schatz to Present at the Connecticut Society of CPAs State Tax 360° Conference

Uncategorized

Second Circuit Rejects Connecticut’s Charitable Deduction SALT Cap Workaround New Rule on Clean Energy Tax Credits Direct Pay Could Benefit Public Universities and Public Schools2022 Connecticut Tax Developments

Withholding

ARPA Extends Certain Paid Leave Tax Credits and FICA Tax Relief for Certain Governmental Employers, Including School DistrictsNotice 2020-65 Payroll Tax Deferral: FAQ for EmployersRevised Form CT-W4P Provides Clarity Regarding Withholding for Pension, 401(k), IRA and Annuity Distributions