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Crypto-Taxation: Uncle Sam’s Cut of Your Tokens

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

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

Are You Ready To File For Bankruptcy?

Filing for bankruptcy can be a difficult decision, especially if you aren’t sure whether the time to file is now, or later. Surveys suggest that loss of job and medical bill debts are two of the leading reasons why people file for bankruptcy. When both are a factor, it can make financial matters even worse.… 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

Common Misconceptions About Bankruptcy

For people who are dealing with financial troubles, bankruptcy might be an option. If you are having difficulty determining whether or not bankruptcy is the right debt relief option for you, don’t wait to talk to a lawyer who can give you legal advice and guidance. Making the decision to move forward with bankruptcy demands… Continue reading

8 Common IRS Letters and Notices

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

what to do if 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