Best Bankruptcy Lawyers in Danbury, CT

Danbury, CT Bankruptcy FAQs

• Where do I file for bankruptcy in Danbury, Connecticut?

  Danbury residents can file for bankruptcy at the Bridgeport Bankruptcy Court located at the Brien McMahon Federal Building, 915 Lafayette Boulevard, Bridgeport, CT 06604. You may also contact the office at 203-579-5808.

• Where can I get bankruptcy forms in Danbury, Connecticut?

  Danbury residents can obtain bankruptcy forms online through this link: https://www.uscourts.gov/forms/bankruptcy-forms.

• Is there a payment plan for taxpayers who cannot pay taxes outright in Danbury?

  Yes, there is a payment plan for taxpayers in Danbury and across the state of Connecticut. The program is designed for individuals to be able to pay taxes in monthly installments. You may inquire about Tax Payment Plan Options with the Connecticut Department of Revenue at 860-297-4936. It is important to note that to qualify, you should not be in collection status and not under any criminal investigation with the DRS.

• What can you do if you have received a bank levy from the IRS in Danbury?

  Receiving a bank levy from the IRS may affect your financial situation in a big way. If you are a business owner or an individual taxpayer in Danbury, you need to review the notice and set a plan of action within 21 days. You may file an appeal with the Internal Revenue Service in Connecticut stating that the levy would create a financial hardship and that the funds will help you pay for your taxes. You may also seek legal advice from a tax lawyer to review your options.

• What to do if you receive notice of CP2000 in Danbury?

  A CP2000 notice from the IRS is a letter indicating that the automated underreporter system, also known as AUR, has detected a discrepancy in your tax return in Danbury. It is important to note that receiving a CP2000 notice does not mean you will be audited and penalized. You should gather all your records and compare them to the numbers in the notice. Respond in the specified timeframe to avoid further complications and be able to fix the discrepancy.

• During a divorce, will you have to pay taxes for stocks and bonds you invested together with your husband in Danbury?

  Yes, you and your husband will have to pay taxes on the stocks and bonds you have invested during your marriage in Danbury. During the liquidation of the assets, all the proceeds from the sale will incur capital gains tax, which is the difference between the purchase price and the sale price of the investments.

• What possible penalties do you have to face when you commit tax fraud in Danbury?

  If you commit tax fraud in Danbury and throughout the state of Connecticut, you will have to face stiff fines and possible jail time. The IRS will consider both federal prosecution and civil penalties. If convicted of tax fraud, you may face up to $250,000 in fines for criminal tax fraud and about 75% of the unpaid amount for civil tax fraud. Remember that the state of Connecticut can also file a separate case against you and assess its own penalties.