Ray Casella

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Ray practices in all areas of federal, state and local tax law. He has extensive experience representing tax-exempt organizations including schools, private foundations and public charities. Ray regularly deals with federal and state income tax issues, Connecticut sales and use tax issues, federal and state payroll tax issues, and private foundation excise taxes.

Latest Articles

Join Shipman & Goodwin exempt organization tax attorney Ray Casella for this informative webinar discussing the new UBTI rules applicable to employer-provided parking. He will address questions about UBTI including: Why do we have it? How do we comply with it? How do we minimize it? Who should attend: Non-Profit Tax Exempt Organizations When: March 25, 2019 12:00 PM – 1:00 PM EDT Where: Webinar REGISTER NOW! *Please note that this program is scheduled for…
Join Shipman & Goodwin exempt organization tax attorney Ray Casella for this informative webinar discussing the new UBTI rules applicable to employer-provided parking. He will address questions about UBTI including: Why do we have it? How do we comply with it? How do we minimize it? Who should attend: Non-Profit Tax Exempt Organizations When: March 25, 2019, 12:00 PM – 1:00 PM EDT Where: Webinar REGISTER NOW! *Please note that this program is scheduled for…
Shipman & Goodwin exempt organization tax attorney Ray Casella will present an informative webinar and lively discussion where he will answer questions about school tax obligations for employee and teacher parking and the new UBTI rules. The presentation will begin with a short explanation of UBTI, followed by relevant examples from the IRS. Schools will come away with answers to questions about UBTI including: Why do we have it? How do we comply with it?…
Shipman & Goodwin exempt organization tax attorney Ray Casella will present an informative webinar and lively discussion where he will answer questions about school tax obligations for employee and teacher parking and the new UBTI rules. The presentation will begin with a short explanation of UBTI, followed by relevant examples from the IRS. Schools will come away with answers to questions about UBTI including: Why do we have it? How do we comply with it?…
For years now, the Connecticut Department of Revenue Services (DRS), the Connecticut Department of Labor (DOL) and the Internal Revenue Service (IRS) have been targeting Connecticut employers for worker misclassification audits. When a misclassification is discovered, these government entities can share information about employers who have misclassified employees as independent contractors. Thus, when one of these government entities finds a misclassification during an audit, audits from the other governmental entities are likely to arise.…
For years now, the Connecticut Department of Revenue Services (DRS), the Connecticut Department of Labor (DOL) and the Internal Revenue Service (IRS) have been targeting Connecticut employers for worker misclassification audits. When a misclassification is discovered, these government entities can share information about employers who have misclassified employees as independent contractors. Thus, when one of these government entities finds a misclassification during an audit, audits from the other governmental entities are likely to arise. When a…
The IRS recently released two notices to provide guidance for tax-exempt organizations about how to comply with the new provision that they treat employer-provided parking and qualified transportation fringe benefits as unrelated business taxable income (“UBTI”). This unprecedented treatment of expenses as income created substantial uncertainty about how to calculate the UBTI from the parking benefits and how to address the passing of estimated tax payment deadlines. Notice 2018-99 provides guidance on calculating UBTI from…
The IRS recently released two notices to provide guidance for tax-exempt organizations about how to comply with the new provision that they treat employer-provided parking and qualified transportation fringe benefits as unrelated business taxable income (“UBTI”). This unprecedented treatment of expenses as income created substantial uncertainty about how to calculate the UBTI from the parking benefits and how to address the passing of estimated tax payment deadlines. Notice 2018-99 provides guidance on calculating UBTI from…
Although the 2018 legislative session of the Connecticut General Assembly ended with the adoption of bipartisan budget legislation, it was marked by a continued failure to conduct a more holistic review of the state’s sources of expense and revenue.  Such a review was invited by the 2015 report of the State Tax Panel and the more recent report of the Commission on Fiscal Stability and Economic Growth, but there seemed to be little appetite for…
On November 5, 2018 the Internal Revenue Service released proposed regulations addressing the filing requirements related to the Tax Cuts and Jobs Act’s federal excise taxes on an exempt organization’s executive compensation in excess of $1,000,000 and excess parachute payments. The proposed regulations provide that IRS Form 4720, Return of Certain Excise Taxes, is to be used for reporting the excise taxes and that Form 4720 must be filed by the 15th day of the…