There are a number of nonprofit organizations that operate in Connecticut. In order to achieve nonprofit status, they had to set up their organizations properly and apply for the proper tax status. When it comes to taxes, nonprofits must be careful about how certain...
Month: October 2017
Tax liens serve what purpose?
Connecticut residents who are behind on their taxes may face legal claims from the Internal Revenue Service in an effort to collect. Tax liens are just one way that the IRS can hold assets hostage until tax debts are paid in full. What can be done when tax liens are...
Income tax and the innocent spouse
It is not uncommon for spouses in Connecticut to file their taxes together in a joint return. There are a lot of benefits to doing so. The only problem one might see when filing an income tax return jointly is the liability issue. Thankfully, when one spouse makes a...
Get help with a sales tax mistake
You are a business owner in Connecticut. You are doing the best you can to keep your company afloat all while following the state and federal rules that govern certain aspects of your business. Tax season rolls around and it is not until then that you realize you made...