State Charges Glastonbury Man $626 Tax On Business He Closed In 2011 (Or Did He?)

by Categorized: Taxes Date:

(MCT)

(MCT)


This weekend’s Bottom Line column:

Robert Mazzawy of South Glastonbury figured streamlined tax-reporting would be among the benefits of converting his consulting business from an S-corporation to a limited-liability company in 2011.

Mazzawy says he filed dissolution papers for the S-corporation with the Secretary of the State’s office. He also registered his new business, the LLC, with the state Department of Revenue Services.

On the DRS form, REG-1, Mazzawy affirmed the change in organization type and entered the tax registration number of his old business, assuming he was, in fact, closing out that number and business.
Yet a few weeks ago, during an unrelated call to DRS, he was told he owed two years of entity tax on the closed S-corporation totaling, with interest, $626.

More . . . .

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