Most Americans are resigned to pay what they owe to the Internal Revenue Service, and they do so without complaint. This is because most of us understand that tax revenue keeps the country running.But imagine that you are a small business owner and that your profits...
Month: October 2014
When will the Connecticut DRS consider waiving a tax penalty?
The Connecticut Department of Revenue Services expects taxpayers to be diligent about filing their taxes in full and on time. Unfortunately, individuals, businesses, estates and other taxpayers miss the deadline sometimes, and that can mean a hefty late-filing...
It can be dangerous to assume IRS motives when being audited
The Internal Revenue Service has never been a popular agency among Americans. After all, it’s difficult to like a highly bureaucratic agency that always seems to be after your money. But, for the most part, the IRS is viewed as a necessary annoyance. Over the past few...
Tax court judge rules in favor of artist accused of underpaying IRS
Many Americans dream of being an artist – a painter, an actor, a musician, a poet or any other medium that allows for creative expression. The problem with this career path, however, is that few artists are successful enough to make a profit, much less a...
Tax preparer sentenced to 4 years for millions in tax fraud
A frequent complaint about American tax codes is that they are too complicated for the average person to understand. This is why so many Americans choose to hire a professional or company to prepare their tax returns. Working with a professional saves time and often...