Owing money to the IRS is not an attractive prospect for anyone here in Danbury or elsewhere. Even so, many people do. The agency now uses private debt collection agencies to collect back taxes or tax debt, and recently instituted a new way to set up multiple payments...
Getting through the probate process when a loved one passes away is challenging enough without having to figure out how much one has to pay Uncle Sam because of that individual's death. It may not seem right, but estate taxes must be paid to the federal government, as...
Families take care of each other, at least most do. Sometimes, this requires offering financial assistance. Lending money to family is not without its consequences. There are even tax consequences of which some Connecticut residents may not be aware.Sometimes, family...
If a company has employees, then the employer must pay certain taxes to the IRS on behalf of each employee. If you are the person within the company responsible for paying these amounts, then you probably fit into the IRS' definition of a "responsible party."In this...
Earlier this year, the couple behind a relatively popular television show was accused of committing tax crimes at both state and federal levels. Recently, the "Chrisley Knows Best" stars were able to settle the tax evasion charges filed by their former home state....
Most Connecticut residents do what they can to lower their tax liability every year. There are a number of ways they can do this that are perfectly legal. Tax avoidance is very different than tax evasion, and it is not a crime.Tax avoidance is where an individual uses...