Connecticut residents who have allegedly committed questionable tax moves may worry about what may be coming their way. The state and federal governments are not afraid to throw people in jail for certain tax crimes. Those facing allegations of committing tax crimes can help themselves by seeking legal counsel as soon as possible.
Falling behind on your debts is never a positive experience. However, if those delinquent debts include federal taxes, you have a right to be concerned. The federal government has authority and power beyond what most creditors have, especially when it comes to collecting what you owe.
With the year quickly coming to a close, most Connecticut residents probably feel it is too late to adjust things that will minimize their tax liability. The simple truth is, that is not true. There is still time to take action and make a few changes that will help one's income tax situation.
When one leaves the workforce to retire, one would think that taxes would get easier. Unfortunately, they do not. There are a number of reasons why retirees in Connecticut may face tax audits.
Did you fail to file a tax return? Maybe you just did not make your full tax payment. Either way, you are one of the numerous Connecticut residents who owes back taxes, and the Internal Revenue Service has tacked on a significant amount in penalties to the amount you owe. What can you do?