Perhaps you made a mistake on your taxes last year, triggering an in-depth review. Maybe you were simply randomly selected and what information the Internal Revenue Service (IRS) found made them suspect fraud or other tax-related misconduct. Once you receive notice...
Tax Audits
Do these things on your taxes, and you may be audited
The Internal Revenue Service's audit department is busy, but it is not because most taxpayers' returns contain questionable information. Less than 1% of the population is audited every year, which is a far lower number than it used to be. IRS staffing and funding are...
Being audited? Don’t panic
Being the subject of a tax audit can be an unnerving experience. Panic is the overall feeling people have when they find out they are being audited. However, Connecticut residents can help themselves by remaining calm and seeking assistance to handle the matter as...
How long does the IRS have to start the audit process?
It is no secret that the Internal Revenue Service is extremely short-staffed and has been for some time. It can take agents years to review and identify tax returns that may need to be audited. Thankfully, though, there is a statute of limitations for starting the...
Tax audits: What you can expect
Every year, quite a few Connecticut residents find out the Internal Revenue Service is auditing them. Those who are facing tax audits will receive notification in the mail. Within that notification is a lot of information about what is needed to review one's case and...
Tax audits, things you can do to avoid them
No one wants to get audited. Few people actually do. Those Connecticut residents who are chosen for tax audits may find the experience unnerving, but with help, they can get through it. While audits might be rare, there is no harm in taking a few steps to avoid being...
Tax audits do not have to be faced alone
You do everything you can to make sure your tax filing is on the up and up. You take your time, make sure everything you submit is correct -- at least to the best of your knowledge. You may even hire someone to help you. Despite your best efforts, you received a...
People who do this more likely to face tax audits
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...
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...
Tax audits are not necessarily a bad thing
The word audit can strike fear into the hearts and minds of just about anyone. No one wants to get a letter from the Internal Revenue Service saying they are being audited. The simple truth of the matter is, tax audits are not necessarily a bad thing, and Connecticut...