Business Use Tax Have you recently received a letter for your business from the Connecticut Department of Revenue Services (DRS), CT Fresh Start, regarding Business Use Tax? These letters are a precautionary step that DRS is using to alert you to the fact that your business has been flagged and is at a higher risk… Continue reading
Blog
Municipal Bond Interest, CT Fresh Start Letter
CT Department of Revenue Services (DRS), CT Fresh Start, recently sent out audit letters on municipal bond interest. DRS identified possible audit candidates. It is urgent that you figure your municipal bond interest correctly on prior year returns. Municipal bond interest from obligations issued by states other than Connecticut is subject to CT tax and… Continue reading
Unfiled Returns, CT Fresh Start letter
CT Department of Revenue Services (DRS), CT Fresh Start, recently sent out letters looking for unfiled returns. DRS identified possible audit candidates. It is urgent that you file any outstanding returns. When was the last time you filed a tax return? If the answer isn’t within the past 12 months, your tax returns aren’t current.… Continue reading