Happy New Year
- January 3rd, 2017
- David Greene
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I hope all of my readers had a very nice Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. To begin, I want to tell all my readers that the 2017…
Business owners: Beware of a new filing deadline for 2017.
- December 28th, 2016
- David Greene
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Most small business owners and sole proprietors who have employees file their own employment and other tax returns. This article is especially for you. In the past employers have been required to issue W-2 forms to their employees by January…
Merry Christmas
- December 20th, 2016
- David Greene
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What does Christmas mean to you? To me it means many happy memories of Christmas past and the anticipation of Christmases present and future spent with my family. My father loved the Christmas season; it was his favorite. He instilled…
What steps can you take to lower your taxes in 2017?
- December 14th, 2016
- David Greene
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There are several questions you can ask yourself when preparing for tax season. (1) For every personal expense you pay, ask “How can I legally deduct this?” If unsure, pass it along to your tax preparer. (2) If you own…
What kind of return does an LLC file?
- December 9th, 2016
- David Greene
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An LLC can file its taxes in one of two ways. When the LLC is formed, the members choose how the LLC is to be taxed. It can be taxed either as an S-Corporation or as a Partnership. In the…
Can the IRS force the recipient of a gift to pay the gift tax when the donor does not?
- December 6th, 2016
- David Greene
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When the donor of a large gift does not pay the gift tax owed, the IRS can seek to have the tax paid by the donee. This usually occurs in the situation where the donor has died without paying the…
How important is a title search when buying property?
- November 30th, 2016
- David Greene
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It is my legal opinion that one should never buy property without a title search. Even though your friend may be sincere in believing that his title is clear, there are several ways that he could be passing title to…
If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?
- November 22nd, 2016
- David Greene
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Unfortunately beneficiary designations cannot be amended after the death of the policy or account holder, even if it is clear he did not intend for the listed beneficiary to receive the benefits. The Supreme Court has heard several similar cases…
Is there any relief from taxes for a late rollover (Part 2)?
- November 16th, 2016
- David Greene
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In my earlier blog I answered that there are new procedures that can be used to get relief if certain criteria are met. They are: (1) An error was made by the financial institution, (2) The distribution check was misplaced…
My thoughts on the election.
- November 8th, 2016
- 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,the economy and international affairs. While it is true…