Can a Family Court Order stop the IRS from collecting delinquent taxes?
- David Greene
- Comments Off on Can a Family Court Order stop the IRS from collecting delinquent taxes?
Unfortunately, the answer to your question is no. Since the IRS is a federal agency, it is not bound by a state Family Court order. I assume you and he filed joint returns for the years in question. Therefore, you are…
HAPPY NEW YEAR
- David Greene
- Comments Off on HAPPY NEW YEAR
I hope all of my readers had a very joyous Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. Of course, the way to make those hopes and resolutions come true…
Can the IRS seize property in a non-liable taxpayer’s name?
- David Greene
- Comments Off on Can the IRS seize property in a non-liable taxpayer’s name?
Yes they can for two reasons. First the Statute of Frauds states that when one transfers property after he has notice of a potential lawsuit or debt, the Court can reverse the transfer as being done to avoid the debt….
Does a Personal Injury settlement have to be counted as an asset in an Offer in Compromise?
- David Greene
- Comments Off on Does a Personal Injury settlement have to be counted as an asset in an Offer in Compromise?
Let’s look at the situation where, except for the settlement, you would be eligible for an Offer In Compromise based on doubt as to collectibility. In any Offer in Compromise, the IRS will require that you count the settlement as an…
What should you do when you receive a certified letter from the IRS?
- David Greene
- Comments Off on What should you do when you receive a certified letter from the IRS?
Many people are afraid to pick up a certified letter from the Post Office and are afraid to open it. However, you cannot help yourself by failing to act. Here is some advice on what to do when you receive…
Can one make one Offer In Compromise to cover both individual and payroll taxes? Part 2.
- David Greene
- Comments Off on Can one make one Offer In Compromise to cover both individual and payroll taxes? Part 2.
Last time I answered this question for the situation where the company is unincorporated. This week we look at a small corporation where one or two people own all the stock. This analysis will usually also apply to an LLC…
HAPPY THANKSGIVING
- David Greene
- Comments Off on HAPPY THANKSGIVING
My staff and I want to take this opportunity to wish for each of you a very happy and joyous Thanksgiving and I want to thank you for being my clients, my readers and my friends. Instead of dwelling on…
Can one make one Offer In Compromise to cover both personal taxes and payroll taxes?
- David Greene
- Comments Off on Can one make one Offer In Compromise to cover both personal taxes and payroll taxes?
Thank you for your question. I need more information to answer the question fully, but I will answer it for different scenarios in this week’s and a later column. The first situation is if your company is a sole proprietorship…
Why Should I bother to vote?
- David Greene
- Comments Off on Why Should I bother to vote?
I posted this four years ago and have received several requests to repeat it, so here it is. I obviously made up today’s question since it is Election Day. However, it really is a good question that we all should…
Do employers get credit for providing benefits to employees?
- David Greene
- Comments Off on Do employers get credit for providing benefits to employees?
Typically when an employer pays for things such as insurance for their employees, this amount is considered to be a business expense. Additionally, this year the IRS announced that eligible employers who provide paid family and medical leave to their…