Many people feel an immediate sense of dread or panic when they receive notice letters from the Internal Revenue Service (IRS) in their mailboxes. After all, the IRS generally only communicates with people about issues related to their federal income taxes. A small...
Facing a tax audit by the IRS can be a daunting experience, but understanding the process and knowing how to prepare can help alleviate some of the stress that you may be feeling. An IRS tax audit seeks to verify that all of the income and deductions that you have...
Complex divorces often involve a range of assets including investments, business holdings and real estate. Spouses may have enjoyed a comfortable standard of living throughout the marriage, which can impact expectations for both parties during the divorce process....
Taxes are an unavoidable obligation for most individuals. People generally pay taxes on their income and their personal holdings, including real estate. Some of those taxes are federal, and some of them are due to the state of Connecticut or local municipal...
Those who owe back taxes to the Internal Revenue Service (IRS) are often anxious to resolve the matter. The IRS can take action against a taxpayer's personal property or their income. Other times, the IRS can convince federal authorities to pursue criminal charges...
Working adults in Connecticut have to file a tax return each year with both the federal government and the state. The Internal Revenue Service (IRS) receives and analyzes federal tax returns, while the Connecticut State Department of Revenue Services reviews state...
The Internal Revenue Service (IRS) largely depends on taxpayers to report their own income accurately. People are generally expected to report their income to the IRS, make accurate personal statements regarding their family circumstances and pay what they believe...
Income tax audits can seem intimidating. They involve a thorough review of financial information and tax returns by a tax authority to ensure that all the reported income, expenses and credits are accurate and comply with tax laws. It's a topic that many people dread,...
Once you put the emotions of a divorce aside, a lot of what’s left to handle is purely financial. If you don’t have any real assets or investments, it might be fairly easy. If you do, however, the divorce process can get exceedingly complex. Couples sometimes forget...
You may have outstanding tax debt with the Internal Revenue Service (IRS). If you’re struggling to resolve it, then the IRS may pursue collective activities. The IRS will formally notify you about what collective activity they intend to take if you have unpaid tax...