How important is a title search when buying property?
- 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?
- 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)?
- 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…
Is there any relief from taxes for a late IRA or 401K rollover?
- David Greene
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The general rule is that if you take a distribution, it must be rolled over into another qualified plan within 60 days to avoid taxation and the 10% penalty. There has always been a “hardship” waiver for certain events causing…
Will refusing delivery of a certified letter from the IRS defeat their attempt at service?
- David Greene
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Unfortunately the tactic you propose will not work. In state court, I must serve a defendant either in person or through certified mail restricted delivery. If by mail, the defendant must sign the receipt or the service is not valid. …
Are income taxes really illegal?
- David Greene
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Many people hear the urban legends or talk to scam artists who say that income taxes are illegal and then ask me if that is true. Most of these usually happen around April 15. I have been getting some of…
Getting married soon? Check out these tax tips for newlyweds.
- David Greene
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Here are some tips to keep in mind if you are planning on getting married. (1) if one spouse takes the other’s name, the one with the name change must report the change to the Social Security Administration on Form…
Here are some tax saving tips for the Home Office.
- David Greene
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There are definitely some tax advantages to the home office deduction if it is set up correctly. Here are some pointers to help you get the most benefit: (1) the space must be exclusively and regularly used as the principal…
Can a Family Court Order stating only one spouse is liable for taxes stop an IRS levy against the other spouse?
- David Greene
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Unfortunately, a Family Court Order stating only one spouse is liable for taxes cannot stop the IRS from taking action by levy or otherwise against the other spouse if both signed the tax return.. Since the IRS is a federal…
What does the IRS mean by “Currently Not Collectible” status?
- David Greene
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There is an IRS program called Currently Not Collectible Status. To qualify for that status you do not need to be destitute with no assets and no job. You do need to be in such a position that all or…