Baker Law Firm, P.C.
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24 Delay Street, Suite 1, Danbury, CT 06810

July 2018 Archives

A few facts about estate taxes

Losing a loved one is not an easy thing to go through. When a loved one passes away, it is normal to have questions while handling his or her final affairs. One thing that those who are left to close out estates in the state of Connecticut need to make sure that they consider is estate taxes. If they don't, there can be significant consequences.

Connecticut income tax: Tax exempt does not mean no tax filing

There a number of organizations in Connecticut and elsewhere that are considered tax-exempt. This means they do not have to meet the same tax standards as everyone else. While they may not have to pay income tax, this does not mean that they do not have to submit a tax filing every year. They do and failing to declare and disclose tax information can have significant consequences.

Tax liens are not the only way the IRS gets its money

For many, federal taxes are a year-round issue, especially if they are behind on paying what they owe. The pressure of owing back taxes to the federal government can affect many areas of a person's life. Unlike most other creditors, the IRS has powers it can use to recover the debt, such as garnishing wages and placing tax liens on property. The agency is now putting into action its new powers granted by a recently-enacted law.

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Danbury, CT 06810

Phone: 203-648-4737
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