Do you owe the Internal Revenue Service more money than you can pay at present? If you do, you are not alone. Numerous Connecticut residents find themselves in this position every year. Thankfully, you may be able to seek an Offer in Compromise in order to resolve the...
Month: September 2019
Have a tax problem? Don’t ignore it; take swift action
After filing personal taxes, the Connecticut Department of Revenue and the Internal Revenue Service have several years in which they can look for issues with one's filing and seek more money. When an unexpected tax bill arrives in the mail, it can be rather stressful....
Actions you could face penalties for from the IRS
Paying taxes is something that most Connecticut residents know they have to do but would rather not do. Even so, you and those individuals do what you can to comply with the law.Unfortunately, mistakes happen. The IRS may understand this, but this does not mean it...
Don’t forget to pay taxes on CVC transactions
Convertible virtual currencies have been around for a while now, and there are likely numerous Connecticut residents who have some in their financial portfolios. In 2014, the Internal Revenue Service released a statement saying all CVC-related transactions need to be...
What to do if the IRS comes calling
A typical day can quickly take a negative turn just by looking into one's mailbox. The Internal Revenue Service, if it sees an issue with one's tax return, makes contact via mail. The letter received will give one vital information about the potential problem, or the...