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Tax Relief in Connecticut

Connecticut MapAfter filing a tax return, many people in Connecticut discover that they owe thousands of dollars to the government that they can’t afford to pay. If they are unable to quickly pay off their back taxes, the government can garnish wages, seize bank accounts or put a tax lien on their property.

When this happens to someone who has never had tax debt before, this can be a very stressful and confusing time. In these situations, it’s important that the person gets professional help that can assist them with any federal, state or local taxes they have outstanding. Tax relief companies are businesses that specialize in helping people who have large amounts of tax debt.

Another service that tax relief companies offer is to remove any additional penalties that are levied. When someone doesn’t immediately pay off their tax debt, the government may issue additional charges that add onto the total payment owed the government. If the tax relief company can prove that there is a reasonable explanation for why taxes weren’t paid on-time, federal and state tax authorities may waive the penalties and save hundreds to thousands of dollars.

Whether you are living and working in Connecticut or in another neighboring state, a tax relief company can be the professional help you need to get through a tough tax situation. An experienced company can help you make smart decisions after considering all of the possible options that few of us are even familiar with. Getting tax relief from a company familiar with Connecticut laws is the best bet to effectively and efficiently resolve any back tax issues.

 

Connecticut boat dealers seeing effects of tax cut

A cut in Connecticut's sales tax on marine vessels, set for July 1, already has begun to provide a much-needed boost to Connecticut's boating industry, according to boat sellers. Kathleen Burns, executive director of the Connecticut Marine Trades ...

Published:  Wed, 16 May 2018 14:26:00 GMT



Fitch: Connecticut should not expect tax revenue boon from sports betting

Legalized sports gambling could be in the cards for Connecticut, but it will not likely create a jackpot of tax revenue for the state, said one of the country's major credit rating companies. Tax revenue generated from sports gaming is expected to be ...

Published:  Sun, 20 May 2018 04:00:00 GMT



Eversource rate hike request prompts letter from CT senator

"Connecticut consumers are living with a slower growing economy ... Blumenthal also pointed out that Eversource has greatly benefited from a dramatic drop in the federal tax rate as a result of Congressional action last December.

Published:  Mon, 21 May 2018 08:12:00 GMT



Legislative Changes to the Connecticut Income Tax

On May 9, 2018, the Connecticut legislature unanimously passed the "Act Concerning Connecticut's Response to Federal Tax Reform" (the "Act" ). The Act includes a series of Connecticut income changes that either diminish the impact that the ...

Published:  Thu, 17 May 2018 15:20:00 GMT



Old Lyme taxes up less than 1 percent

The Board of Finance later on Monday night set the tax rate for next year at 21.91 mills ... the town hired a specialized attorney and a new third-party administrator, PASI, a Connecticut-based company, to ensure compliance, Reemsnyder said.

Published:  Mon, 21 May 2018 19:16:00 GMT



Feds OK all 72 CT "˜opportunity zones'

Connecticut has won federal approval of its 72 "opportunity zones'' (OZs) statewide, making them eligible to lure tax-favored private investment to improve housing and jobs in the neediest areas, authorities say. Gov. Dannel P. Malloy on Friday announced ...

Published:  Fri, 18 May 2018 13:22:00 GMT



How to Minimize Social Security Taxes

The states that tax Social Security income include Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia. [See: 13 States Without Pension or Social Security Taxes.]

Published:  Mon, 21 May 2018 09:44:00 GMT



Future Of Connecticut

The news can't get any worse for Connecticut -- or maybe it could ... I was talking with a friend of mine in town about the car tax increasing 28 percent, and he said, "It's not all that much in dollar terms." He is right. But this is the state of a ...

Published:  Mon, 21 May 2018 11:12:00 GMT



Task force to study tax impact of nonprofits on local area

Norwich - How does the taxation of nonprofits affect communities in southeastern Connecticut Can the rules regarding tax-exemption be made more predictable for nonprofits A new task force is being formed to consider these and other questions after ...

Published:  Sun, 20 May 2018 14:31:00 GMT



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