CT Department of Revenue Services (DRS), CT Fresh Start, recently sent out audit letters on municipal bond interest. DRS identified possible audit candidates. It is urgent that you figure your municipal bond interest correctly on prior year returns.
Municipal bond interest from obligations issued by states other than Connecticut is subject to CT tax and must be added to income on the CT return.
Barlow Tax Solutions offers a personalized approach to make sure that your prior year returns are corrected, and that audit risk is reduced.
We can help you gather tax information, even from prior years. At Barlow Tax Solutions, we specialize in this exact matter, and can help you with your CT Fresh Start letter. And if you owe money, we can help you resolve this, too! To learn more about how Barlow Tax Solutions can help you with this and other tax issues, please visit our How It Works page.