Hallisey & D'Agostino, LLP

09/23/2025

https://www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers

IR-2025-94, Sept. 23, 2025 — The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247, to the extent permitted by law.

12/24/2024

BOI reporting injunction lifted; FinCEN extends most BOI deadlines to January 13

On Monday the Fifth Circuit Court of Appeals granted a Justice Department motion to lift an injunction imposed by a district court ruling. Because of this decision, FinCEN announced that the January 1, 2025 reporting deadline is extended to January 13 for most reporting companies.

Read the alert from FinCEN >>

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12/21/2024

IRS announces special payments going this month to 1 million taxpayers who did not claim 2021 Recovery Rebate Credit

The Internal Revenue Service will issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns. The IRS announced the special step Friday after reviewing internal data showing many eligible taxpayers who filed a return but did not claim the credit. The Recovery Rebate Credit is a refundable credit for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments.

No action is needed for eligible taxpayers to receive these payments, which will go out automatically in December and should arrive in most cases by late January 2025. The payments will be automatically direct deposited or sent by paper check; eligible taxpayers will also receive a separate letter notifying them of the payment.

Eligible individuals can claim the Recovery Rebate Credit on their Form 1040 or 1040-SR. These forms can also be used by people who are not normally required to file tax returns but are eligible for the credit.

12/07/2024

https://www.journalofaccountancy.com/news/2024/dec/nationwide-injunction-halts-boi-reporting-for-now.html

Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.

03/28/2023

https://ctnewsjunkie.com/2023/03/23/connecticut-businesses-face-march-30-deadline-to-comply-with-retirement-savings-law/

Thousands of Connecticut businesses were potentially out of compliance with a public retirement savings program on Thursday, just one week before a March 30 deadline to enroll, according to the state Comptroller Sean Scanlon.

04/28/2022

Hallisey & D’Agostino has experienced tremendous growth recently and we anticipate that to accelerate over the next few years. This is an exciting time in the firm’s history and we are looking for talented individuals to grow with us. We are hiring for multiple positions at all levels, each of which offers opportunities for immediate advancement.

For job opportunities, please visit our Indeed page at: https://www.indeed.com/cmp/Hallisey-&-D'Agostino,-LLP

12/14/2021

Critical IRS Alert

The IRS will be sending out two letters to taxpayers in January:
• Letter 6419 - Advance Child Tax Credit Payments
• Letter 6475 - Economic Impact (Stimulus) Payment

It is important that you retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the issuance of refunds.

You can read more at www.ctcpas.org/irsalert.

It is important that your clients retain these letters. Entering incorrect advance child tax credit or economic impact payment amounts will cause delays in tax return processing and the issuance of refunds.

06/15/2021

https://www.cnbc.com/2021/06/14/why-you-may-want-to-opt-out-of-the-monthly-child-tax-credit-payments.html

For some families, it may make more sense to claim the enhanced child tax credit as a lump sum when they file 2021 taxes instead of monthly payments

03/25/2021

Congress Passes PPP Extension Act

The Senate voted 92-7 today to extend the Paycheck Protection Program (PPP) 60 days, until May 31. The House passed the bill 415-3 earlier this month, and it will now go to President Biden for his signature.

The bill also allows the Small Business Administration (SBA) an extra month to process applications after the program closes.

03/23/2021

Connecticut Will Mirror Federal Tax Filing Deadline

We've received confirmation that Connecticut will mirror the federal tax deadline; the DRS is extending the filing and payment deadline for Connecticut individual income tax returns to Monday, May 17, 2021. Currently, calendar year corporation and trust income tax returns are still due April 15, 2021.

We are monitoring all of the developments and will send you any major updates as they arise.

03/17/2021

https://www.cnbc.com/2021/03/17/irs-pushes-april-15-us-tax-deadline-to-may-15.html

The IRS is planning to push back the deadline for the tax filing season about one month, to May 15 from April 15.

02/25/2021

https://www.cnbc.com/2021/02/24/failure-to-report-crypto-on-tax-returns-can-lead-to-trouble-with-irs.html

Taxpayers who had 2020 income or gains from cryptocurrencies — regardless of the transaction — may regret it if they fail to report it on their tax return.