Baker Law Firm, P.C.
Contact Us 203-648-4737
24 Delay Street, Suite 1, Danbury, CT 06810

June 2018 Archives

New income tax forms were supposed to be simplified

In 2017, Congress promised a simplified tax-filing process. Instead of multiple pages to fill out, the average person -- whether he or she lives in Connecticut or elsewhere -- would have one small form to complete and send to the Internal Revenue Service. Well, the new income tax forms do not appear to be any easier than the previous ones.

Income tax and the offer in compromise

Connecticut residents who owe a substantial amount in taxes for either the current tax year or as a result of owning back taxes may feel overwhelmed at the thought of trying pay the IRS. If one lacks the funds to pay everything off all at once, it is easy to feel somewhat trapped and defeated. Thankfully, there are options out there to help individuals in just this kind of income tax situation. One great example is an offer in compromise.

Don't let income tax in retirement be your undoing

Planning for retirement is not always easy. How does one know if he or she really ever has enough money put aside? It is hard to know for sure, especially if one fails to consider income tax requirements. There are hidden tax burdens in retirement that numerous Connecticut residents may not know about, and it could be their undoing.

Tax crimes do not pay

A woman in another state is going to prison after being found guilty of preparing and filing false tax returns. The moral of this story is simply this: tax crimes do not pay. Connecticut residents who find themselves facing or potentially facing criminal charges over tax filings could help themselves by seeking legal counsel as soon as possible. 

Tax audits Q and A

Connecticut residents who receive word that they are being audited by the Internal Revenue Service may have a lot of questions and concerns. This is completely understandable, as it can be a frightening thing if one has never been through it before. This week's column will address some common questions people may have about tax audits.

Taxes play a significant role in dividing retirement in a divorce

One of the best things about building a retirement or pension plan is that you don't incur any tax liability as it grows. Of course, you will have to pay taxes once you start drawing on it when you reach retirement age, but in the meantime, you can accumulate as much money as possible for the days when you stop working.

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Our Firm
24 Delay Street, Suite 1
Danbury, CT 06810

Phone: 203-648-4737
Fax: 203-791-1892
Danbury Law Office Map