Crypto-Taxation Cryptocurrency has been making the news recently, with some stratospheric records being set in one week and breathtaking price plunges occurring the next. More and more people are investing and exploring the world of cryptocurrencies. While mainstream adoption of any given currency is still well behind what their advocates would like to see, there… Continue reading
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What Are the Consequences of Not Paying Back Taxes?
Paying taxes can be a stressful situation especially if you’re having difficulty financially or if your tax situation is much more complicated than a simple W-2. Due to these two issues, it’s actually quite common for Americans to get behind on their taxes and have back taxes they own to the IRS. Although it’s very… Continue reading
How a Lawyer Can Help You With Business Taxes
Owning a business is no easy task and whether you’re a single employee selling your services as a freelancer, own a small, specialty boutique with a handful of employees, or are working on building a corporate empire, there are plenty of challenges that come with owning and operating a business. One of these unique challenges… Continue reading
How a Tax Lawyer Can Help You Resolve Your Debt
How a Tax Lawyer Can Help You Resolve Your Debt Facing tax debt of any amount can be stressful and is exacerbated the longer the debt remains unpaid. With consequences ranging from having penalities and interest accrue to having wages and assets garnished and even rare cases where international travel is prohibited/limited, facing tax debt… Continue reading
8 Common IRS Letters and Notices
If you have tax debts, unfiled taxes, you’ve had an audit or you’re expecting one, you may have received a letter or notice from the IRS. Or maybe you’ve received a letter or notice from the IRS, and you want to make sure it’s authentic. The IRS communicates primarily through paper mail, and won’t send… Continue reading
What to Do When Your Business Owes Back Taxes
There are many reasons why you might have missed a year of filing your business tax return. Maybe your business briefly closed and then reopened. Maybe you had a family emergency or a natural disaster struck. Whatever the reason, missing a business tax return means your business owes back taxes. If you’ve missed filing and… Continue reading
CT DRS Sales Tax Audits
Sales tax can be complex for large and small businesses alike. Paying sales tax incorrectly throughout the year, or reporting sales tax incorrectly on your return, can trigger a sales tax audit. The Connecticut State Department of Revenue Services (DRS) tracks business’s sales taxes in CT, and misfiling can mean a CT DRS sales tax… Continue reading
Back Taxes CT: Help with Unfiled Returns and Back Tax Relief
Tax Returns have to be filed, whether they are personal or business returns. It can be a daunting task. Especially when you haven’t filed for several years. We specialize in helping non-filers with IRS and State back tax relief. We represent clients every day who have unfiled returns or who owe back taxes. What’s involved… Continue reading
IRS Tax Audit Help
Help with Your IRS Tax Audit. First, let’s understand the different types of audits: The IRS CP2000 letter, also known as a “Matching” letter. It is a letter that proposes changes, based on information reported to the IRS that is not included with your return. Correspondence Audit. May be more frustrating that office audits. Each time… Continue reading
