Tangible Property Regulations

In 2014 many taxpayers had to adopt the tangible property regulations (TPR) either by filing Form 3115 (or multiple 3115 Forms) or if they were considered a small taxpayer through the simplified procedure allowed by Revenue Procedure 2015-20.  In any event now the TPR's are here and your capital expenditures must be carefully considered as to the proper treatment for tax purposes.  We can help you with that analysis, so be sure to discuss this with us if you have any questions.  Also remember if you have a capitalization policy in place at the beginning of the year with a threshold of $500 or less the IRS will allow you to expense all purchases under that safe harbor amount with a few exceptions.

Please contact our team if you have any questions.

Connecticut filing update

There are some things you should know if you file payroll or sales taxes in Connecticut or if you are required to file Form OP-424.

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What is the status of my refund

We get asked "when will I get my refund?" and "how can I check on the status of my refund?"

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Happy Holidays

We wish you all a very Happy New Year.

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BPPC Attends New England Practice Management Conference

On November 20-22, 2013, members of the BPPC leadership team attended the New England Practice Management Conference held at Mohegan Sun.

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52nd Annual Tax Institute - Western New England University

On November 13, 2013, Dan Kane was a presenter at the Western New England University 52nd Annual Tax Institute Program.

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Quaboag Hills Chamber Golf Tournament

Being a community partner is an important part of the Burkhart, Pizzanelli, P.C. culture. 

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Treasury and IRS Recognize Same-Sex Marriages for Tax Purposes

The Treasury Department and IRS have ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.

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Health Care Reform

The New Health Care Reform rules are confusing and over the next several months we will try to help you understand and comply with those rules. 

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