There are a few things to consider before you hire an IRS lawyer in New London, CT. Tax attorneys handle many different types of cases, so you should be aware of the differences. Some cases require more investigation, while others can be resolved quickly with an installment agreement. It is also important to know the…
Category: Tax Law
How to Choose a Skilled Tax Debt Attorney In Your Area?
A Skilled tax Debt Attorney can help you get out of debt through several different options. These include installment agreements, lowering interest rates, and insolvency. All three methods have their advantages and disadvantages. Before you choose one, consider the benefits and drawbacks of each option. Below are some tips to choose the right tax debt…
Farming and Fishing Income: Are They taxable?
While the tax benefits of farming may be attractive, there are many pitfalls to avoid. Using a business plan will help you determine whether your income is truly a profit. Also, remember to set up separate bank accounts for your business and to maintain a business plan. This will demonstrate to the IRS that your…
What is Bankruptcy? A Guide for Consumers
When a person files for bankruptcy, creditors are legally allowed to collect a portion of the debt, but not all. A bankruptcy remains on the credit history for seven to ten years, making it impossible to get a mortgage or car loan for some time after filing for it. Bankruptcy laws were designed to give…