People sometimes fail to pay their taxes. It happens. Sometimes, it is an honest mistake, and other times it is a deliberate act. Can Connecticut residents accused of tax crimes -- such as failing to pay -- expect jail time?No two tax crimes cases are created equal....
Month: December 2017
New federal income tax brackets set for 2018
Many lawmakers in Washington D.C. are celebrating after passing a new tax law that will take effect in 2018. What does this new law mean for Connecticut residents? How exactly did the federal income tax brackets change?Filing income taxes has been complicated and...
Working with IRS to pay off tax debt
Connecticut residents who are one or more years behind on paying their taxes may find themselves in quite the bind. With Uncle Sam calling and wanting money now, but not enough money in the bank, figuring out how to handle the situation can be challenging. Thankfully,...
Connecticut tax crimes: filing bogus returns doesn’t pay
When tax season rolls around, it can be tempting to be a little dishonest in the hopes of avoiding paying an arm and a leg in taxes. However, lying on tax returns or filing bogus returns are tax crimes. Those in Connecticut and elsewhere who are caught doing either of...
Are you sure you shouldn’t be paying payroll taxes?
As a business owner here in Connecticut, you may have people working for you. How you classify them determines whether you owe payroll taxes. If you improperly classify an employee as a contractor and fail to make payroll tax payments, you could end up on the IRS's...