Missing W-2? Here’s what to do

• David Greene
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An employee should receive his W-2 by January 31.  If you did not, you should take these steps: (1) Contact your employer and verify whether your address is correct and request a resubmission of the W-2.  (2)  If not received in a week, call the IRS and provide the employer’s information, dates of employment and

Records to keep for Charitable Contributions

• David Greene
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First, I’m proud to announce that we now offer tax return preparation services for both delinquent and current taxes.  Call for an appointment.

Any contribution, cash or tangible items, of $250.00 or more must be substantiated by a contemporaneous

When does the IRS forgive Penalties and Interest?

• David Greene
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First, let me wish everyone a Happy Valentines Day.  Many people who owe taxes more than five or six years old find that the interest and penalties are more than the original tax.  This is because penalties keep being added for several years until they max out.  In fact there are more than 170 penalties the IRS can charge.

Reversing the Denial of an EIC or exemption claim

• David Greene
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The denial of a person’s earned income credit and claim of exemption for a minor child affects many people.  It usually arises in the context of recently separated or divorced parents.  Both will claim the exemption and credit and the IRS assumes

When can a child support order be changed?

• David Greene
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Child support is always open for review until the supported child is emancipated. This usually occurs when she turns 18, 19, or graduates from high school, whichever is later.  However under some circumstances, emancipation may occur sooner or later.  Any requested change in child support has to be based on a

Is your tax refund missing?

• David Greene
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This time of year I get several questions about missing tax refunds.  The IRS recently reported that they have about $153 million in undelivered tax refunds.  These are for 99,123 taxpayers.  Some of my readers may be among those.  The failure in delivery was due to faulty addresses.  One good way to avoid this in

Alternatives to an Offer in Compromise

• David Greene
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What are some other options for retiring delinquent tax debt if one does not qualify for an Offer in Compromise?  The first option is an Installment Agreement.  Not everyone qualifies for this, but if the taxpayer does an acceptable monthly payment amount can usually be negotiated with the Revenue

THe Offer in Compromise Program

• David Greene
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The beginning of new year is a good time to look at the Offer in Compromise program.  Many times the IRS is willing to settle for less than the full amount owed. However, this depends on your particular circumstances.  Therefore each case is unique.  The process is called an Offer In Compromise.  It is

Thoughts For The New Year

• David Greene
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I hope everyone had a very nice 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 is to get out and make them happen.  You’ll never get what you truly want by sitting around.  You must take action!  Since this is the start of the New Year, we are thinking about filing taxes.  In that regard I want to remind you that in order to take charitable deductions for cash

Christmas Thoughts

• David Greene
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I would like to share a few thoughts about Christmas.  Christmas is always a special time of year for almost everyone.  However, some Christmases are more special than others.  Your first Christmas with your new spouse and your first