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

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

O&L_Logo_Blue.png

All by Robert Lyon

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:

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

Basic, Resolution, State Tax

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

Resolution, Tax Developments

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

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

Jan 21
Jan 21 Recent Connecticut District Court Opinion Highlights Ongoing Controversy Regarding Application of Non-Willful FBAR Penalties:

Jan 12
Jan 12 Understanding CT’s Passthrough Entity Tax - The First SALT Limitation Workaround Sanctioned by the IRS:

Tax Preparation, State Tax, Advanced

Jan 11
Jan 11 Business Expenses Paid via Forgiven PPP Loans Now Fully Deductible -- Second Round of PPP Loans Now Available:

Basic, Tax Preparation

Dec 7
Dec 7 Haven’t Filed a Tax Return in Years? Here's the Correct Way to Get Back Into Compliance:

Basic, Resolution, Tax Preparation

Dec 3
Dec 3 Contesting an IRS Bank Levy

Resolution, Basic

Nov 6
Nov 6 IRS Penalty Relief - Reasonable Cause Penalty Abatement Explained:

Basic, Resolution, International

Nov 3
Nov 3 IRS Announces “Taxpayer Relief Initiative,” Focused on Providing Collection Relief in Response to the Coronavirus Pandemic:

Basic, Resolution

Oct 23
Oct 23 Estimated Taxes Explained

Basic, Resolution, Tax Preparation

Oct 19
Oct 19 IRC §6741(b)(1) - Failure to Obtain Supervisory-Approval Prior to Penalty Assessment Proves Costly, Ongoing Issue for IRS:

Resolution, Advanced

Oct 16
Oct 16 Coronavirus-related Retirement Distributions - An Overview:

Basic, Tax Preparation

Oct 15
Oct 15 Cryptocurrency Crackdown: John McAfee, Expanding IRS Enforcement Initiatives, and the Perils of Unreported Cryptocurrency Transactions

Basic, International, Resolution

Oct 9
Oct 9 Can’t Afford to Pay Your Tax Bill? Why It’s Always Better to File Your Return and Work Out Payment with the IRS:

Basic, Resolution, Tax Preparation

Oct 8
Oct 8 Resolving IRS Tax Liabilities While Living Abroad - Special Considerations:

International, Resolution, Advanced