Every year, numerous Connecticut residents find themselves unable to pay their taxes. If you find yourself in this position, there are various ways you can pay off your tax debt without doing too much damage to your pocketbook. One way is through installment...
Month: December 2019
Claiming part-year residency could get you audited
It's no secret that he tax rate in Connecticut is high. It makes sense that those who choose to live part of the year in another state would want to limit how much they have to pay in taxes here, so they claim part-year residency. The problem with that is doing so may...
Are you sure it’s the IRS on the other end of the line?
As the end of the year approaches, many Connecticut residents are considering what their tax situation will look like when it comes time to file their federal income tax returns. As such, it may be a good time to review how the IRS contacts individuals who have tax...
The ins and outs of tax-free exchanges
Most Connecticut residents are always on the lookout for ways to lower their tax liabilities. No one wants to pay Uncle Sam more than they have to, so it is understandable. Unfortunately, there are only so many ways that one can do this without raising any questions...
What to expect if accused of tax evasion
Being investigated by the Internal Revenue Service can be quite intimidating. This is particularly true if one stands accused of committing a crime -- such as tax evasion. What can Connecticut residents expect if they find out they are being investigated for tax...