Tax Archives - Innovative CPA Group

9 11, 2022

Avoid Tax Penalties with Timely Tax Payments
Avoid Tax Penalties with Timely Tax Payments

Employees, Individual, Tax, Tax Return

Avoid Tax Penalties with Timely Tax Payments

Isabel Pagliazzo2022-11-09T17:52:01+00:00November 9th, 2022|Employees, Individual, Tax, Tax Return|

For most taxpayers, during October, tax season is a distant thought. Although, Quarter 4 is a great time for taxpayers to review their withholding [...]

28 09, 2022

Clean Vehicle Tax Credits: 2022 Inflation Act
Clean Vehicle Tax Credits: 2022 Inflation Act

Business, Individual, Tax, Tax Credit

Clean Vehicle Tax Credits: 2022 Inflation Act

Isabel Pagliazzo2022-10-06T15:32:33+00:00September 28th, 2022|Business, Individual, Tax, Tax Credit|

The 2022 Inflation Reduction Act (IRA) includes extension and modification to clean vehicle tax credits. The credit for the purchase of new clean vehicles (which [...]

21 09, 2022

Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program
Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program

Business, Connecticut, Tax, Tax Credit

Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program

Isabel Pagliazzo2022-10-06T15:46:19+00:00September 21st, 2022|Business, Connecticut, Tax, Tax Credit|

The Connecticut Neighborhood Assistance Act Tax Credit Program is designed to encourage a push in funding for municipal and tax-exempt organizations by providing a [...]

17 08, 2022

Truckers Heavy Highway Vehicle Use Tax Filing Deadline August 31, 2022
Truckers Heavy Highway Vehicle Use Tax Filing Deadline August 31, 2022

Business, Financial Reporting, Tax, Tax Return

Truckers Heavy Highway Vehicle Use Tax Filing Deadline August 31, 2022

Isabel Pagliazzo2022-10-06T16:41:32+00:00August 17th, 2022|Business, Financial Reporting, Tax, Tax Return|

Those who have registered or are required to register large trucks and buses need to file Form 2290, Heavy Highway Vehicle Use Tax Return, [...]

20 07, 2022

Generation Skipping Trusts Explained
Generation Skipping Trusts Explained

Estates and Trusts, Individual, Tax

Generation Skipping Trusts Explained

Isabel Pagliazzo2022-10-06T16:59:05+00:00July 20th, 2022|Estates and Trusts, Individual, Tax|

A generation-skipping trust (GST) is an irrevocable trust with designated beneficiaries who are, at least, 37.5 years younger than the grantor and may, or [...]

13 07, 2022

The Tax Rules of Renting Out a Vacation Property
The Tax Rules of Renting Out a Vacation Property

Deductions, Individual, Real Estate, Tax

The Tax Rules of Renting Out a Vacation Property

Isabel Pagliazzo2022-10-06T17:09:38+00:00July 13th, 2022|Deductions, Individual, Real Estate, Tax|

Many vacation homeowners tend to rent out their homes for part of the summer. If this is your first-year renting, or maybe you’re looking [...]

29 06, 2022

Lifetime Gifting – Annual Exclusion
Lifetime Gifting – Annual Exclusion

Deductions, Individual, Tax

Lifetime Gifting – Annual Exclusion

Isabel Pagliazzo2022-10-06T17:11:22+00:00June 29th, 2022|Deductions, Individual, Tax|

Gifting assets to someone during your lifetime can be an effective estate planning strategy. Lifetime gifting can provide your beneficiaries with immediate use of [...]

16 02, 2022