When is a bad debt tax deductible?
- December 12th, 2014
- David Greene
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You can claim a theft loss as a deduction only if there is no chance of recovering any of the amount stolen. The IRS looks at the possibility that
IRS Collection Methods
- December 3rd, 2014
- David Greene
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When you do not pay your taxes, you will receive a friendly letter stating that you have overdue taxes and asking you to pay them in full. This letter usually comes within six months to a year after the due date.
HAPPY THANKSGIVING
- November 28th, 2014
- David Greene
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What does Thanksgiving mean to you? Is it the turkey and dressing, Black Friday, football games or simply getting together with family and friends? It is a combination of all those things for all of us, but,
Reverse Mortgage use in paying delinquent taxes
- November 19th, 2014
- David Greene
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Generally if one has an asset such as a home, the IRS will expect the taxpayer to borrow against it to pay delinquent taxes. In years past,
Tax Hints if you’re headed for divorce
- November 11th, 2014
- David Greene
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There are several things I recommend you do if you think you are headed for divorce, both for future tax audit sake and to make sure all assets are revealed.
Please Vote Today
- November 4th, 2014
- David Greene
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This is election day and a most important day in the year for the future of our country. There are many issues of great importance to be decided, such as taxes, education and the economy. While it is true that most of my clients are behind in their taxes, I know they all love this
When Are Partners Liable For Partnership Taxes
- October 7th, 2014
- David Greene
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The general rule is that a general partner is liable for all debts of the partnership. If you wanted to be shielded from liability, the partnership should have been set up as a partnership with a general
School Expense deductions and credits
- September 30th, 2014
- David Greene
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There are some credits and deductions related to children in school, even up to college level, that can be utilized to reduce your taxes. Student loan interest is deductible as well as tuition and fees
Passing Real Estate after death
- August 26th, 2014
- David Greene
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A married couple owning a home jointly is a very common situation. Unfortunately, many times when the first spouse of the couple passes away, the remaining spouse believes the home
What’s the best way to send tax payments to the IRS?
- August 12th, 2014
- David Greene
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First, if you mail payments, you should always use certified mail to send anything to the IRS. That way you get the green card back, which is proof that they received it. However, there is now a