As a Connecticut business owner, one of the surest ways to find trouble with the IRS is through mistakes in payroll deductions. Laws regarding the deduction and payment of taxes from employee paychecks is complicated and easy to misinterpret. However, some employers...
As a business owner here in Connecticut, you may have people working for you. How you classify them determines whether you owe payroll taxes. If you improperly classify an employee as a contractor and fail to make payroll tax payments, you could end up on the IRS's...
There was a lot of talk about tax reform during the presidential campaign. Now that the Trump administration is well into the second half of its first year, it's a good idea to review what changes may come.The administration has not revealed a concrete plan regarding...
When the Internal Revenue Service sends you a Notice of Deficiency, there may be multiple years at issue.For example, Portfolio Recovery Associates Inc., a debt collection company, recently announced it had reached a settlement agreement with the IRS over Notices of...
Tax litigation is a broad term, referring to a dispute with tax authorities at the federal, state, local or even foreign level. The term encompasses both civil and criminal tax matters. It is also the last resort for many taxpayers, utilized only after administrative...
Most legal claims are subject to deadlines, called statutes of limitations. In practical terms, that means that a plaintiff cannot bring a lawsuit after the applicable period of time has expired.The Internal Revenue Service is also bound by various limitations...
If you disagree with a tax assessment or position taken by the Connecticut Department of Revenue Services, the agency’s website states that a taxpayer may file a written protest. However, the process is often more complicated.For starters, a distinction must be made...
A company may understand the rationale for keeping good records regarding its payroll taxes. Under federal law, any withholdings from employee paychecks should be kept separate, and not spent on other company expenses, before they are submitted to the...
In our last post, we discussed a lawsuit brought against the IRS by two former corporate executives, claiming that questionable IRS tactics had cost them their job. A federal court ruled that the IRS, as an agency, was immune from claims of alleged deceit toward the...
For those who are Shakespeare historians, the phrase “beware the ides of March” continues to have significance. We hope that the middle of March came and went without any significant issues for our readers. However, for those still struggling to complete their federal...