This year, a number of Connecticut residents found themselves facing tax bills that they could not afford to pay. Since the deadline to file and pay taxes has come and gone, those who failed to apply for extensions probably have a lot of concerns about what the...
Month: April 2019
Is it true that few people committing tax crimes go to jail?
Taxes -- no one likes them, but just about everyone is subject to them. There are millions of Americans, though, some likely residing here in Connecticut, who are failing to pay taxes either in full or at all. In fact, they are accused of finding ways to cheat the...
You could get the IRS to put off collecting your back taxes
While no one here in Connecticut, or elsewhere, wants to pay taxes, some people genuinely can't pay them. Their financial situations simply do not allow for it despite the taxpayers' best intentions to honor the debt.If you find yourself in this situation, you may...
Don’t let tax debt bring you down
Every year, there are those in Connecticut who, come tax season, learn that they owe the Internal Revenue Service a significant chunk of change. If they cannot pay it, some may choose to let it slide -- which can have significant consequences and ultimately end up...
How to get through a sales tax audit
Connecticut residents who have to collect taxes on items that they sell may find tax season a bit of a nightmare. Sales tax rules can be complicated and are often changing. This means that, despite one's best efforts, one might be picked for an audit at some point....