October 2018

The CT DRS Has Published the 2018 Estimated Tax Recharacterization Forms

Late last week, the DRS released Form CT-1065/CT-1120SI RR, Pass-Through Entity Tax 2018 Income Tax Estimated Payment Recharacterization Request (RR). This form follows Special Notice 2018(4), Guidance on 2018 Estimated Payments for the Newly Enacted Pass-Through Entity Tax. Per the DRS, to make a recharacterization request, the member must complete Form CT-1065/CT-1120SI RR and submit the request form to the […]

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The IRS Issues Long-Awaited Guidance on Business Meals and Entertainment Deductions

Hello Everyone, Bravo!  The Internal Revenue Service released initial guidance Wednesday on the business expense deduction for meals and entertainment in the wake of the Tax Cuts and Jobs Act, which was supposed to eliminate deductions for expenses pertaining to activities generally considered entertainment, amusement or recreation.  The guidance rescues the meals deduction, and confirms

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