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...
Tax Audits
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...
What to do if the IRS comes calling
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...
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...