Seeing a letter from the Internal Revenue Service (IRS) in your mailbox might make your heart skip a beat. Even though you always pay your taxes on time and believe you have paid them in full, a letter from the IRS is often the sign that there has been an issue. If...
Connecticut residents who owe money to the Internal Revenue Service may find that it tries to collect in ways that can be extremely harmful to one's way of life. Tax liens, for example, offer the government the ability to claim an interest in one's property. This...
When Connecticut residents fail to pay their taxes, the government can do a number of things in order to collect the money owed. One of those things is placing a tax lien on one's home or other property. What if someone fails to pay business-related taxes? Yes, tax...
When Connecticut residents do not or are unable to meet their tax obligations, the Internal Revenue Service is not going to take the matter lying down. Placing tax liens on homes is a way for the IRS to ensure it gets paid, eventually. When tax liens are put in place,...
Connecticut residents who fail to pay their taxes can face a number of penalties. Tax liens, for example, allow the government to make claims on property so, in the event the property is sold, the proceeds will go toward one's tax debt. Those who think tax liens are...
This year, a number of Connecticut residents found themselves facing tax bills that they could not afford to pay. Since the deadline to file and pay taxes has come and gone, those who failed to apply for extensions probably have a lot of concerns about what the...
In light of the tax changes that took effect in 2018, are you finding that you owe the government a significant sum this year? If you are, you are not alone. Many Connecticut residents have been shocked to see that, instead of receiving tax refunds, they owe a lot. If...
Connecticut residents who have found themselves in the position of being unable to meet their tax obligations may have found themselves in trouble with the Internal Revenue Service. How exactly? They may have received notice that tax liens have been filed against...
Credit reporting is one way the Internal Revenue Service tries to get Connecticut residents to pay their taxes. When the IRS files tax liens, this information is sent to credit reporting companies and placed on one's credit report, which can do a lot of damage to...
For many, federal taxes are a year-round issue, especially if they are behind on paying what they owe. The pressure of owing back taxes to the federal government can affect many areas of a person's life. Unlike most other creditors, the IRS has powers it can use to...