TAX LAW ANSWERS

When transferring property to children or in trust for children, do not overlook tax consequences. Tax planning is vital! If you purchased the property much lower than today's fair market value, and therefore, a substantial gain exists upon selling the property, then planning before selling it i...

Hiring the right tax attorney is by far the best way to increase your chances to a favorable result. Let me tell you why. The vast majority, if not all, of IRS agents are looking to secure a payment. Collect taxes! They represent the government’s best interest, and rightly so. They do not advise...

Hiring the right tax attorney is by far the best way to increase your chances to a favorable result. Let me tell you why. The vast majority, if not all, of IRS agents are looking to secure a payment. Collect taxes! They represent the government’s best interest, and rightly so. They do not advise...

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 ...