Audit -- a word no tax payer wants to hear. Unfortunately, tax audits can happen to anyone, even if they have done nothing wrong. If you find yourself facing a tax audit this year, a Connecticut-based tax attorney may be able to help you get through it.It may only be...
Month: January 2018
Back taxes are tax debt
Numerous individuals in Connecticut and elsewhere have tax debt. It happens. Sometimes, paying the IRS is difficult when one is struggling financially. People pay what they can, but if they do not pay in full, they are said to owe back taxes. It is tax debt that the...
Estate taxes and the law change
Connecticut residents may be left wondering what the new tax law will mean for them. In truth, it may help some but not others. It may be a good thing, or it may be a burden. Everyone's individual situation is different. One area that may be helped by it, though, is...
Tax liens and credit reporting
Connecticut residents who fail to pay their taxes may face some serious consequences. Tax liens, for example, may be initiated, which means the state or federal government can take control of one's property. Tax liens will also be listed on one's credit report, which...
4 types of business records the IRS may request during an audit
As an entrepreneur or otherwise self-employed worker, you may have had to deal with many issues that individuals employed by others may not have had to handle. Many of these aspects may relate to financial areas of your job, as you have likely had to ensure that you...