You may have outstanding tax debt with the Internal Revenue Service (IRS). If you’re struggling to resolve it, then the IRS may pursue collective activities. The IRS will formally notify you about what collective activity they intend to take if you have unpaid tax...
If you’re looking at a tax bill that you cannot afford at the moment, one potential option is to ask the IRS to agree to an installment plan. Essentially, they give you an extended time frame and you must make installment payments on a set schedule until the debt is...
When it comes to taxes, not all states are created equal. Some have higher tax rates than others, which can greatly affect residents' economic positions. Connecticut residents in particular carry a significant tax burden, as tax rates here are some of the worst in the...
There are plenty of reasons why some Connecticut residents will be unable to have their taxes completed and filed by this year's deadline, which is fast approaching. The Internal Revenue Service allows those who require extra time to prepare and file their tax returns...
If you are behind on paying your taxes, as many Connecticut residents are, and you have not taken any steps to work with the Internal Revenue Service to rectify the situation, certain actions may be taken against you in an effort to collect the money owed. One such...
Not being able to pay one's taxes can cause a person to experience a lot of stress. Connecticut residents with tax debt may put off filing and paying for years because they fear the consequences of failing to pay on time and in full. For anyone who is struggling to...
There are numerous Connecticut residents who, for various reasons, are behind on paying their taxes. Letting tax debt go for too long will only increase how much one owes in the end, thanks to penalties and fees that the Internal Revenue Service will tack on. Dealing...
Being unable to pay one's tax bill can be defeating. A lot of Connecticut residents are struggling financially right now, and the last thing they need is to have penalties and fees attached to tax bills that are already outrageous. Thankfully, those who do end up...
Numerous Connecticut residents struggle to pay their taxes every year. If they let their tax debt grow year after year without making any payments, the Internal Revenue Service may issue a levy to collect. What does a levy do, and can one stop it?A levy is a legal...
While the year 2020 may still be in its early stages, tax season will be here in the blink of an eye. Many Connecticut residents are already fast at work getting their taxes completed, and some are finding that they owe the Internal Revenue Service more than they can...