Divorce is a complex process of dividing assets. Whether you reside in Connecticut or elsewhere, the problem with dividing certain assets is the income tax issues that are likely to follow if they are not divided the right way. A tax attorney may be able to assist you...
Month: August 2018
When the IRS threatens wage garnishment
Among the many government agencies, the IRS may be the one people vilify most. After all, when a large percentage of your paycheck disappears before you even earn it, it's difficult not to have hard feelings about it. While you know the good things that are...
New Jersey income tax: What is estimated tax, who has to pay it?
Connecticut residents who receive income throughout the year, regardless of its source, have to pay taxes on that income. In some instances, taxes are withheld before money is deposited into one's bank account, but there are individuals who do not have taxes withheld....
Connecticut grocer will go to prison for tax crimes
A man in Connecticut was recently sentenced for embezzling money from his business and failing to pay taxes. As a result of his actions, he will be spending some time behind bars. Tax crimes are not treated lightly, as is evidenced in this case.According to a recent...
Is the IRS willing to negotiate when it comes to back taxes?
When it comes to collecting taxes, the Internal Revenue Services just wants to get paid. This department is somewhat understanding that people may struggle to pay their taxes, but they will not let people get by without paying them forever. Connecticut residents who...
Paul Manafort’s tax evasion trial moving forward
Connecticut residents who pay attention to the news have probably read an awful lot about Paul Manafort. He was the campaign chairman for President Donald Trump who is accused of bank fraud and tax evasion. Both are serious crimes with significant consequences if...
The IRS may seize your home or business, but should it?
The two things that just about everyone in the United States fears are death and taxes, and many people spend years attempting to avoid them, bargain with them and make deals for a little bit more time. When it comes to owing federal taxes, most people end up making...