Working adults in Connecticut have to file a tax return each year with both the federal government and the state. The Internal Revenue Service (IRS) receives and analyzes federal tax returns, while the Connecticut State Department of Revenue Services reviews state...
Most successful professionals and small business owners want to minimize their tax obligations. The appropriate use of write-offs and exemptions can significantly reduce someone's state and federal income tax obligations. However, the creative accounting that people...
Tax fraud includes when a business or individual willfully and intentionally submits false information on a tax return. They do this to avoid tax obligations. Some common kinds of tax fraud include making false deductions, using a false Social Security Number (SSN) or...
Tax fraud is the illegal and intentional act of falsifying your taxes in order to reduce what you pay. The intent is important. Simply making a mistake on your taxes is not the same. Many people make mistakes and will never face criminal charges or serious...
If you’re required to pay federal income tax, and you probably are, it’s critical that you do so with good intentions. Sure, you may make mistakes every now and again, but as long as you have the right intentions you should never find yourself facing criminal charges....
Most Connecticut residents do what they can to lower their tax liability every year. There are a number of ways they can do this that are perfectly legal. Tax avoidance is very different than tax evasion, and it is not a crime.Tax avoidance is where an individual uses...
Tax fraud is something that the state and federal governments will not treat lightly. Those accused of committing this type of tax crime, if ultimately convicted, could face some severe consequences. A Connecticut man just found this out the hard way.A news article...
Taxes -- no one likes them, but just about everyone is subject to them. There are millions of Americans, though, some likely residing here in Connecticut, who are failing to pay taxes either in full or at all. In fact, they are accused of finding ways to cheat the...
Getting taxes done, turned in and paid on time can be extremely stressful for quite a few Connecticut residents. People do their best to make sure they fill out everything right, only take the deductions they believe they qualify for and hope for the best....
Connecticut residents who have allegedly committed questionable tax moves may worry about what may be coming their way. The state and federal governments are not afraid to throw people in jail for certain tax crimes. Those facing allegations of committing tax crimes...