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...
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...
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...
Connecticut residents who make a lot of big purchases throughout the year may wonder if they can use that to their advantage come tax time. The answer is, maybe. It may be possible to deduct sales tax and reduce the amount of taxes one owes. How does that work?Every...