For the next few months, you will be seeing tax preparation cubicles in the malls and department stores around Danbury. At one time, you may have been tempted to gather your receipts and W-2s and sit down in one of those booths to complete and file your tax return....
Month: February 2018
Don’t let tax debt destroy your business
A former NFL star is learning the hard way that staying on top of paying taxes matters. Two of Kamerion Wimbley's restaurants in another state have been seized by the Department of Revenue for failure to pay taxes. He is not the only one facing the loss of his...
Expats still owe income tax
Many U.S. citizens take job opportunities that move them and their families out of the country. While they may not be earning money on American soil, it does not mean that they are exempt from paying federal income tax. Here are some things Connecticut residents who...
Forget to pay sales tax on your tobacco purchases?
Just about anything can be bought online these days and usually at a cheaper price than what is offered in standard brick-and-mortar establishments. Did you know, though, that some of your online purchases may be subject to Connecticut sales tax even if the seller...
Don’t forget cryptocurrency in your 2017 income tax return
Several new tax laws have gone into effect this year, but they will not apply to one's 2017 tax return. For example, how cryptocurrency -- such as Bitcoin -- is taxed and at what rate will be changing under the new law. For the current tax season, here are some things...
What happened to your home in the divorce affects your taxes
Did you finalize your divorce in 2017? Did you have a marital home to deal with as part of your settlement? How you and your former spouse dealt with the family home during the proceedings impacts your income tax filings this April.Even if you considered the tax...