What is an “injured spouse” in terms of tax relief?
- June 23rd, 2022
- David Greene
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An injured spouse is a taxpayer who is entitled to recover his refund that was kept by the IRS. Any time a married couple files a joint return and the refund is kept due to only one spouse owing prior…
Here are some tips to help lower next year’s taxes.
- June 21st, 2022
- David Greene
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Here are a few suggestions I can give you: (1) The standard dedction has been raised very high, so most people will benefit more by taking the standard deduction. However, itemizing will stil benefit some taxpayers so, if you decide…
How can I protect my information from Identity Theft?
- June 13th, 2022
- David Greene
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This is a very good question. Here are some tips to help you. (1) If asked to go to a web site, check to see if it is a “spoofed” site, i.e. one that purports to be an official site…
Is a mistake on a tax return criminal?
- June 8th, 2022
- David Greene
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If you make a mistake on your tax return, that is not criminal. However, filing a wilfully fraudulent return is criminal and can land you in jail. Here are some things you do not want to do that, if done,…
Can a spouse change his spouse’s will after he/she dies?
- May 23rd, 2022
- David Greene
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First let me remind everyone that each person must have his or her own will. A husband and wife cannot have a joint will. In short, a will cannot be changed or altered by anyone after the maker of the…
What is the “Effective Tax Administration” doctrine?
- May 13th, 2022
- David Greene
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There are three methods under which an Offer In Compromise is considered. The first two are Doubt as to Collectability and Doubt as to Liability. The third (and newest) method under which you can submit an Offer is Effective Tax…
Is a Durable Power of Attorney important?
- May 3rd, 2022
- David Greene
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It is very important! A durable Power of Attorney (POA) is simply legal authorization for someone else to act on one’s behalf. This usually only occurs if the grantor of the POA is incapacitated, but it can be useful in…
Can criminal charges result from the Trust Fund Penalty?
- April 29th, 2022
- David Greene
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A business owner who has not paid the payroll taxes of his employees will have the trust fund penalty assessed against him. Most trust fund cases are not criminal because the IRS recognizes that the employer failed to pay the…
What is the difference in a Health Care POA and a Living Will?
- April 28th, 2022
- David Greene
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I like to think of the Living Will (also known as a Declaration of a Desire for a Natural Death) as the “umbrella” that sits above the Health Care Power of Attorney. If the terms of the Health Care POA…
What to do if you owe on your return but cannot pay.
- April 13th, 2022
- David Greene
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First let me remind everyone that Tax Day is getting very close. The deadline to file is April 18 this year due to a Washington, DC holiday. Also, let me make it clear that you always need to file your…