Can one submit more than one Offer in Compromise?
- January 20th, 2015
- David Greene
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Yes one can certainly file another Offer after one is denied, especially when there is a change in circumstances. However, one should look at another possibility first.
What is a Special Needs Trust?
- January 14th, 2015
- David Greene
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It is a trust that is used to protect the assets of a Special Needs person, such as one who has been severely injured and receives a large settlement for his injuries.
What is the delay in the filing season?
- January 6th, 2015
- David Greene
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The tax return filing season will be delayed this year. You can submit a paper return anytime after January 1. You cannot submit an e-filed return until January 26.
MERRY CHRISTMAS
- December 23rd, 2014
- David Greene
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Today I would like to share a few thoughts with you about Christmas. Christmas is always a special time of year for almost everyone. However, some Christmases are more special than others.
What is the importance of filing your current tax return?
- December 16th, 2014
- David Greene
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The first rule of dealing with the IRS is that all tax returns for the past six years must be filed. The second rule is that you must be current and stay current with all filings and payments after you begin negotiating with the IRS.
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.