Effect to ex-wife of ex-husband making an Offer in Compromise when liability was joint
- March 29th, 2011
- David Greene
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If a husband is ordered to pay all delinquent taxes by Family Court Order as part of a divorce and then makes an Offer in Compromise with the IRS to settle the debt for a portion of the total, is the wife still liable for the remainder? If the returns were filed jointly, then the answer is “yes.”
Can you face criminal charges for failing to pay payroll tax?
- March 22nd, 2011
- David Greene
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When a business owner who collects payroll taxes from her employees does not submit them to the IRS that person will have the trust fund penalty assessed against her. The Trust Fund Penalty is the amount of taxes withheld from the employee’s paycheck. Most trust fund cases are not criminal because
AMNESTY PERIOD FOR ILLEGAL OFFSHORE ACCOUNTS
- March 15th, 2011
- David Greene
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An illegal offshore account is a bank account in a foreign country in which an American citizen places money that has not been taxed and he does not report that the account exists on his tax return. Several years ago the IRS began a voluntary disclosure program that allowed taxpayers to disclose these
Taxpayer Advocate is Overwhelmed!
- March 10th, 2011
- David Greene
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Faced with an historic deficit, the federal government has taken an aggressive stance on tax collection. It’s clear every day when you read the news: more money allocated to enforcement, more audits and criminal charges against celebrities as well as neighbors. But a new study from the Treasury Inspector General for Tax Administration found this aggressive enforcement has come with an unwelcome, unfair side effect.
Representing Clients Who Live Out Of State
- March 1st, 2011
- David Greene
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Many potential clients want to know if I can help them solve their IRS problem even though they live in another state The answer is “yes.” The IRS is a federal agency and I can represent anyone who is subject to paying federal taxes, no matter where that person lives. When I talk with an IRS revenue
Delinquent Taxes in an Estate
- February 22nd, 2011
- David Greene
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What are the obligations of the Personal Representative (formerly called an Executor) of an estate when the decedent owed delinquent taxes? The duty of any Personal Representative is to gather the assets of the estate, pay bills of the last illness and ongoing bills, pay creditors who properly file their claims and distribute the assets to the heirs.
Will The IRS Forgive Interest Or Penalties?
- February 15th, 2011
- David Greene
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Many people tell me that they could pay their back taxes over time if they didn’t have to pay the interest and penalties. In general the answer is “no”, but is this sometimes possible to avoid the penalties and interest? The answer depends on the type of deal you make with the IRS.
Dealing With Unfiled TaxReturns
- February 9th, 2011
- David Greene
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Many people fail to file a tax return for one reason or another. Then the next year they are afraid to file since they missed a year. This escalates until several years have passed without filing. How to they get back in the system?
Offer in Compromise based on Effective Tax Administration
- January 25th, 2011
- David Greene
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Today I want to talk about an Offer in Compromise based on “Effective Tax Administration.” This is used when a person most likely has access to enough assets to pay the delinquent tax, but for certain reasons and extenuating circumstances, the IRS will choose not to collect the entire amount. The
Offer in Compromise based on Doubt as to Liability
- January 18th, 2011
- David Greene
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Today I want to discuss the Offer In Compromise based on doubt as to liability. This means you do not believe you owe the tax the IRS is charging you. In this case you do not have to submit any financial information. However, you do have to give a detailed explanation why you are not liable for the tax and