Tax Law

Labor & Employment Law – What to consider after losing your job

Posted on by R.Sweeting

So you’ve lost your job.  Now what?  Depending on the circumstances, there are several legal issues to explore before moving on with your career.  Here is a basic summary of five issues to consider: First, file for unemployment as soon as possible so you don’t miss any deadlines.  There is no guarantee that you will… Read more


Assets Protected From Creditors in Connecticut

Posted on by R.Sweeting

            In today’s economy more and more people find themselves having a hard time paying the bills and avoiding late payments.  Still others have a problem with creditors chasing them for unpaid debts.  Now more than ever it is important for you to know what assets are protected from creditors and what are not.                 … Read more


Trustees May Be Liable in their Own Person and Estate for Failure to Comply with IRS Notices of Levy Issued against Trust Beneficiaries

Posted on by J.Maya

United States v. Michel, 08 CV 1313 DRH WDW, 2012 WL 3011124 (E.D.N.Y. July 23, 2012) In a recent case before the United States District Court for the Eastern District of New York, the United States government commenced an action against a trustee in order to collect unpaid federal taxes owed by the trust beneficiary.… Read more


Several Different Legal Theories May Allow Creditors To Reach a Debtor’s Assets Held in Trust

Posted on by J.Maya

United States v. Evseroff, 00-CV-06029 KAM, 2012 WL 1514860 (E.D.N.Y. Apr. 30, 2012) In a recent case before the United States District Court for the Eastern District of New York, the United States government sought to collect delinquent taxes by accessing assets held in a trust established for the benefit of the taxpayer’s children. The… Read more


Complying with the FBAR

If you have a foreign financial account, the federal Bank Secrecy Act may require you to report the foreign bank and financial account (“FBAR”) yearly to the I.R.S. by filing Form TD F-90-22.1.  The purpose of the FBAR is to help the U.S. government investigate persons who may be using foreign financial accounts for illegal… Read more


How to Suvive an IRS Audit.

Taxpayers in general have about 1% chance of being audited by the IRS each year.  You beat the odds and your tax return has been selected for an audit.  What does this mean and what do you do? An IRS tax audit means that the IRS is examining your tax return carefully for the accuracy… Read more