For those who are Shakespeare historians, the phrase “beware the ides of March” continues to have significance. We hope that the middle of March came and went without any significant issues for our readers. However, for those still struggling to complete their federal...
Tax season alone, whether you’re doing the paperwork for a business or for yourself, can bring a long of anxiety. During this time you collect all your paperwork, sort through the numbers and try to figure what your financial picture looked like last year. This can be...
A revenue procedure recently issued by the Internal Revenue Service may offer a settlement advantage to small business owners who find themselves embroiled in a tax controversy.Specifically, Revenue Procedure 2017-25 sets up an administrative option called the Small...
A liquor store co-owner recently learned the harsh consequences for federal tax evasion the hard way. The 67-year-old man’s conviction for tax evasion and conspiring to defraud the United States has resulted in a 41-month prison sentence. His sentence also includes an...
In order to provide the best advocacy for our clients, our Connecticut tax law firm closely follows proposed changes in state and federal tax law. A recent federal proposal may impact a company’s choice of business structure.Several factors inform the choice of a...