Tax Blog — The Law Offices of O'Connor & Lyon

The Law Offices of O'Connor & Lyon is
a full service law firm specializing in
domestic and international tax matters.

Phone: (203) 290-1672

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Aug 1
Aug 1 Gambling in Connecticut and Taxes

Basic, Tax Preparation, State Tax

Jun 27
Jun 27 Hope for Those with International Informational Penalties

International, Advanced, Tax Developments

Aug 24
Aug 24 IRS Announces Automatic Abatement of Failure-to-File Penalties for Most 2019 and 2020 Returns as Part of its Covid Relief Initiative:

Jun 21
Jun 21 SCOTUS Grants Certiorari In Bittner v. U.S. to Settle Circuit Court Split on Applicability of Non-Willful FBAR Penalties:

May 26
May 26 The IRS Sent Me a 6185 Letter – What Do I Do?

International, Tax Preparation

May 12
May 12 Connecticut Sales Tax For In State and Out of State Businesses

Basic, Tax Preparation

May 5
May 5 Starting a Business in Connecticut Initial Tax Concerns and Planning

Basic, State Tax

Dec 9
Dec 9 CT DRS Using US Customs Data to Threaten Use Tax Audits:

Basic, Resolution, State Tax

Dec 3
Dec 3 Will the Upcoming Build Back Better Tax Law Changes Impact You?

Basic, Tax Preparation, Tax Developments

Nov 1
Nov 1 CT DRS 2021 Tax Amnesty Program is Now Open for Applications Through January 31, 2022

Resolution, Tax Developments

Aug 5
Aug 5 Appellate Court Supports IRS’ Ability to Penalize Foreign Beneficiary and Foreign Trust Owner for Form 3520 and Form 3520-A Filing Failures

International, Tax Developments, Tax Preparation

Aug 2
Aug 2 Biden Administration’s Plan to Strengthen Taxation of High-Income Taxpayers

Basic, Tax Developments, Tax Preparation

Jul 12
Jul 12 CT DRS Announces 2021 Tax Amnesty Program Set to Begin This Fall — First Such Program Since 2018:

Resolution, State Tax, Basic

Jun 28
Jun 28 A Guide to Resolving Tax Debts with the Connecticut DRS:

State Tax, Resolution, Basic

Jun 24
Jun 24 Government Proposal to Give Individual and Business Bank Account and Credit Card Transaction Data to the IRS Annually

Basic, International

Apr 16
Apr 16 Form 1040 Line 7: Capital Gains

A Practical Guide (APG), Basic, Tax Preparation

Mar 18
Mar 18 2020 Personal Federal Tax Deadline Extended to May 17th, 2021

Basic, Tax Preparation

Mar 10
Mar 10 Up to $20,400 of 2020 Unemployment Benefits May Be Nontaxable Due to Recent Changes to Coronavirus Relief Legislation:

Basic, Tax Preparation

Feb 11
Feb 11 How to Prepare for My 2020 Taxes

Basic, Tax Preparation

Jan 29
Jan 29 The Hidden Cost of Failing to File Your 1120-F for Foreign Companies with U.S. Source Income