Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
- David Greene
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Each year the IRS compiles its Dirty Dozen tax scams – the worst of the worst. Here they are. 1. First on the list is Identity Theft. We addressed this in May. 2. Phone scams – One type of phone…
Learn about important tax considerations following a spouse’s death.
- David Greene
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There are four important tax considerations one needs to consider following the death of a spouse. First, if you haven’t already filed your income tax return, you can still file a joint tax return for the year in which the…
A warning to small business owners to be careful in claiming business credits.
- David Greene
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A “dirty dozen” scam is currently circulating in which unscrupulous preparers urge the business owner to take improper tax credits, primarily in two areas. The first is the fuel tax credit. This is only allowed for fuel used in off-road…
What are common mistakes made in S-Corporation tax returns?
- David Greene
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Although many Form 1120 S-Corporation tax returns are prepared by paid tax preparers, many also run into audit trouble. Many preparers make mistakes from time to time for various reasons. In fact the IRS just released a study that found…
Is there any truth to the argument that personal income taxes are illegal?
- David Greene
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I get this kind of inquiry every couple of years. The argument is that the IRS only has authority to collect taxes from corporations, not individuals. Over the course of my practice, I have represented several individuals who tried to…
What is the status of tax credits for tax year 2015?
- David Greene
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Will any of the tax credits we had in tax year 2014 still be available for tax year 2015? Yes, I’m happy to say that the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved many of the consumer…
When can a business deduct gifts to Charities?
- David Greene
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Gifts to charities by a business are not alweays deductible, but in some cases they are. The IRS Chief Counsel recently issued an Advice Ruling in which he said that when a business conducts a promotion where it advertises that…