June 2010 Estimated Tax Reminder

The second estimated tax payment for 2010 is due on 6/15/2010. Both state and federal taxes are due on the same day. Most states and the IRS are no longer sending out paper estimated tax forms. 

A fillable Form 1040-ES for your federal taxes is available here:  www.irs.gov/pub/irs-pdf/f1040es.pdf

The CT 1040-es can be downloaded from: www.ct.gov/drs/lib/drs/forms/2010forms/ct-1040es.pdf

2009 Home Buyer Tax Credit – expect Delays

2008 gave us the Home Buyer Tax credit for first time home owners. And you know when a new tax credit comes along, fraud can’t be far behind. Reducing fraud and expanding the Home Buyer Tax credit was part of the Worker, Homeownership, and Business Assistance Act of 2009 back in November. And to support new law, [...]

Invesco Funds Payments

Recently checks were mailed to former shareholders of Invesco funds.

If you are an eligible investor, you may have received a distribution payment from a Fair Fund established by the U.S. Securities and Exchange Commission (“SEC”).

INVESTMENTS HELD [...]

2010 IRS Mileage Rates

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The new rates for business, medical and [...]

Expanded Home Buyers Tax Credit

Here are the top 10 things the IRS wants you to know about the expanded credit and the qualifications you must meet in order to qualify for it. 

You must buy – or enter into a binding contract to buy a principal residence – on or before April 30, 2010.
If you enter into a binding contract [...]