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Recently, we were able to get a $49,000 IRS civil penalty waived for one of our Connecticut business clients. If we failed to get this penalty waived, this business would have closed its doors.
With the Federal Estate Tax Exclusion of $5 million, many commentators have suggested estate planning is dead. I think this deserves a closer look.
If you are audited by the IRS, the audit will either be a field, office or correspondence audit. You should not represent yourself in an audit; you should hire a CPA, Tax Attorney or Tax Preparer to represent you. Remember…the IRS…
Most taxpayers should not represent themselves in an IRS audit. Most taxpayers should have their CPA or tax preparer represent them. If they hire their CPA, they should not accompany them to the audit. Why? They might be tempted to…
Recently my son turned 18. In Connecticut this is considered the age of majority. In other words, he can make his own decisions. Well, that’s what the law says. However, he’s still living under my roof, so he’s got to…
