TAX LAW ANSWERS

Taxpayers that receive a Final Notice of Intent to Levy must understand that the IRS will have the authority to Levy, Garnish, etc. once the 30 days expires. Call me to file an Appeal and stop collections while we find a suitable resolution, including potentially compromising your tax debt.

On January 1, 2020, Connecticut will enter the Asset Protection community. For years Connecticut residents were forced to protect assets in other states or foreign countries. With these new rules, Connecticut residents have the option to create Asset Protect Trusts right here in their home state...

We have offices in Rocky Hill, Southington, and Bridgeport. Most of our services are over the phone but we are always happy to meet face-to-face. Call me!

Before agreeing to an audit, make sure you address innocent spouse considerations. If your business was audited, and your spouse had nothing to do with the business, then why not consider removing him or her from the audit determination? You should! There's no reason the IRS should have the abili...

Before the IRS levies or garnishes your assets or wages, it must send you a Final Notice of Intent to Levy. This notice is usually mailed to your via certified mail. This notice provides you with the right to Appeal, which will stop them from collection actions until you are afforded the right t...

The tax laws generally provide 3 options to resolve a tax debt. The 3 options are Offer in Compromise, where you settle the amount due for a lower amount. An installment agreement, allowing you to pay the balance due over time. And, finally, Currently Non Collectible, where the IRS agrees not to ...

Some of you may naturally be concerned with the IRS filing a tax lien to secure its debt. As long as you are eligible to streamline an installment agreement and agree to have the payment debited from your bank account, the IRS will NOT file a tax lien. In order to be eligible your balance must b...

The United Supreme Court ruled that North Carolina does not have the authority to tax a trust or beneficiary where the only connection to the state is the beneficiary’s residency.

More precisely, the Court held that the presence of in-state beneficiaries alone does not empower a State to tax tr...

We filed an Offer in Compromise along with the necessary checks to the IRS. The IRS cashed the checks but returned the offer. After countless hours discussing the matter, the Offer in Compromise department asked us to mail in the Offer for a second time. They cashed our checks and so asked us to ...