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Tax Archives - DelCotto Law Group

Financial Crisis Just Ahead

Baby Boomers’ $66.7 Billion Debt Means the Student Loan Crisis is No Longer a Millennial Issue

By: Laura Day DelCotto, Esq.

I have written before in our blog on my perceptions of the coming “retirement crisis” facing Kentucky.  As taxpayers, we may finally be given a miniature step towards transparency if Senate Bill 3—a bill to disclose Kentucky legislators’ retirement benefits—passes.   However […]

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Personal Liability on Trust Fund Taxes

September 1, 2015
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Employers are obligated under the Internal Revenue Code (“IRC”) to withhold federal income and social security taxes from the wages of their employees, and to hold such taxes in trust for the United States. See 26 U.S.C. §§ 3102, 3402, 7501. These withheld sums, often referred to […]

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Taxes, Tax Increase, Kentucky, Frankfort, General Electric

Death Spiral: The Taxes Conundrum

June 16, 2015
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Death Spiral: The Taxes Conundrum

By: Laura Day DelCotto, Esq.

Connecticut just raised taxes…. Again.  The state’s two- year $40.3 billion budget includes a projected $1.5 billion increase in tax revenues. The top individual tax rate increased from 6.7% to 6.99%.  A “temporary […]

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Tax time

Does Bankruptcy Cover Tax Debt?

January 13, 2015
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By Jamie L. Harris

Does bankruptcy cover tax debt? This is a very common question.

If you are facing tax debt and have been unable to get a payment agreement with the taxing authorities or have defaulted under an existing payment agreement, Chapter 13 bankruptcy may […]

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