This year, the normal April 15 tax deadline falls on Washington D.C.'s Emancipation Day which means that taxpayers have a few extra days to file and pay their taxes by the April 18 deadline. For many taxpayers, three extra days won't be a sufficient amount of time to...
For business owners, understanding and navigating the numerous tax rules and regulations can be challenging. This is often particularly true when it comes to employment taxes. Legally, employers must deduct certain taxes from their employees’ paychecks including those...
In our last blog, we discussed some of the red flags that may trigger a tax audit. While most Americans would likely admit that they fear being audited, many aren’t familiar with the actual process.It's important to know that not all IRS audits are alike. In general...
As Connecticut residents continue to roll through tax season and prepare to file both individual and, if applicable, business-related tax documents; some may have this dreaded five-letter word on their minds—audit. Obviously, not one wants or plans to be audited and...