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...
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...
Falling behind on your taxes is not difficult. Each year, you complete your tax forms and find you owe even more than the year before. You may try adjusting your withholding as much as you can and still be able to pay your bills, but your debt to the IRS keeps...
When you first started your own company, you may not have anticipated its growth. Now, rather than running a solo operation, you have employees who work for you. While that may make you feel important and proud because it means that your company has grown and seen at...
Dealing with the IRS is rarely an enjoyable experience. After all, you may owe them a sizable portion of your earnings each year, and if you fail to pay it, you face some harsh penalties. Additionally, you may have to handle inflexible tax laws, the chance of an audit...
Like other Connecticut residents, you may be wondering how to fund your retirement. You may decide to participate in your employer's 401(k), which uses pre-tax dollars to fund. This means that you will owe taxes on withdrawals when you reach the qualified age. In...
While no one here in Connecticut, or elsewhere, wants to pay taxes, some people genuinely can't pay them. Their financial situations simply do not allow for it despite the taxpayers' best intentions to honor the debt.If you find yourself in this situation, you may...
Going through a divorce can result in many major changes in your life. While you may look forward to at least some of those changes if your marriage was difficult and unhappy, you may also find yourself trying to get a handle on how to carry out certain tasks as a...
You may be among the many in Connecticut and across the country who hoped the recent changes in the tax law would benefit you. If you count on a refund for bills, vacation or to stash away as savings, you may have wondered if the new tax laws would give your refund a...
It's hard to imagine anyone in Connecticut not knowing about the partial government shutdown. If you are one of the lucky ones that it doesn't affect directly, then you may not pay much attention to it other than what you see in your news feed or in a...