A typical day can quickly take a negative turn just by looking into one's mailbox. The Internal Revenue Service, if it sees an issue with one's tax return, makes contact via mail. The letter received will give one vital information about the potential problem, or the...
Tax Audits
The following things raise your risk of being audited
Filing taxes can be a pain. No one wants to go through this process every year, and no one wants to pay more than they think they should have to. There are certain things some Connecticut residents may do when completing their taxes to help lower their tax liability....
How does the IRS contact people about tax audits?
Have you ever received one or more phone calls supposedly from the Internal Revenue Service? Most of these calls have to do with being past due on tax payments rather than tax audits, but they are scary nonetheless. If you do receive phone calls from someone claiming...
Connecticut residents who wish to appeal tax audits may do so
No one wants to get picked for a tax audit, but it happens. The Internal Revenue Service not only looks for red flags on tax forms that would warrant tax audits, but it also randomly selects Connecticut residents to put through the wringer every year, just because...
Reasons retirees may face tax audits
When one leaves the workforce to retire, one would think that taxes would get easier. Unfortunately, they do not. There are a number of reasons why retirees in Connecticut may face tax audits.The first reason to be discussed is: making too much money. Is there really...
Those picked for tax audits need to know what to expect
Aside from paying taxes, the one thing just about everyone dreads is being picked for an audit. Tax audits, under certain circumstances, can have significant consequences. However, many people who are picked for audits really do not have a lot to worry about. The...
Connecticut residents facing tax audits do have rights
The hope every Connecticut resident has when filing taxes is that they will not hear anything but good news from the Internal Revenue Service. However, months or even years down the line, there are an unfortunate few who receive letters stating they have been selected...
Tax audits Q and A
Connecticut residents who receive word that they are being audited by the Internal Revenue Service may have a lot of questions and concerns. This is completely understandable, as it can be a frightening thing if one has never been through it before. This week's column...
Connecticut residents who do these things may face tax audits
Tax day has once again come and gone. Many Connecticut residents were able to get their returns and -- if applicable -- payments submitted on time. Then there are those who may have needed to file extensions so that they have more time to figure things out. No matter...
Those facing tax audits may want an attorney in their corner
Those who seek professional help during tax season may believe that their tax preparer is the only person they will need to turn to in the event of an audit. While it is the tax preparer's job to defend whatever he or she did, resulting in the audit, there may be...