Most people in Connecticut will never be audited. In 2019, only .45% of all taxpayers, nationally, faced tax audits. The Internal Revenue Service simply lacks the resources to go over every single taxpayer's tax returns in detail. However, people who do this one thing...
No one in Connecticut or elsewhere wants to have to pay more in taxes than he or she has to. People do not want to feel that they are the only ones paying their fair share, so they look for ways to minimize their tax obligations. Unfortunately, in doing so, some end...
January is quickly coming to a close, and many Connecticut residents are gathering all the necessary paperwork they need to get their taxes filed. While they are doing their part as tax season gets underway, so are scammers. More tax scams than usual pop up between...
Like most Connecticut residents, you probably never expect the IRS to audit you. You file your taxes on time, try to follow the rules and arrange to pay what you owe, if anything. More than likely, you will go your whole life without facing a tax audit, but then...
Thanks to a lack of funding, the Internal Revenue Service has been falling short on its duties. The IRS has been expected to operate with the fewest number of employees possible, and its agents have been unable to keep up with taxpayers. How has this been hurting...
It's a new year, and that means the state of Connecticut has new laws that have gone into effect. For instance, changes were made to sales tax laws. These adjustments could hurt some people if they fail to pay or collect sales tax properly. What are these...