Posts Tagged ‘delinquent taxes’

Can a taxpayer submit more than one Offer in Compromise?

  • February 9th, 2021
  • David Greene
  • Comments Off on Can a taxpayer submit more than one Offer in Compromise?

Yes, one can certainly file a second Offer after a rejection, especially when there is a change in your circumstances.  However, we should look at another possibility first.  When an Offer is rejected, you have 30 days from the date of…

Can one ever settle with the IRS for less that he owes?

  • January 19th, 2021
  • David Greene
  • Comments Off on Can one ever settle with the IRS for less that he owes?

I get this question is some form at least once a week.  I have not answered it in awhile, so here is my answer.  The beginning of the new year is a good time to answer this.  Many times the…

HAVE YOU MADE YOUR NEW YEAR RESOLUTIONS?

  • January 13th, 2021
  • David Greene
  • Comments Off on HAVE YOU MADE YOUR NEW YEAR RESOLUTIONS?

Well, Christmas is over and we have rung in the New Year.  During this past week many people made New Year resolutions.  Did you make any?  Most of these deal with either working on a healthier and better body or…

New Year Thoughts

  • December 29th, 2020
  • David Greene
  • Comments Off on New Year Thoughts

As most of you know, the majority of my practice is dealing with IRS problems and Estate Planning.  Today I want to pass along some thoughts about both of those areas. Even as the COVID-19 pandemic rages on, our problems…

Will IRS taxes follow you if you move to another state?

  • December 22nd, 2020
  • David Greene
  • Comments Off on Will IRS taxes follow you if you move to another state?

I have been asked this question before. First there is no question that your federal tax liability will follow you when you move to another state.  The IRS can easily find you by several means, such as your W-2, so…

How long is the Statute of Limitations for collection of taxes?

  • October 20th, 2020
  • David Greene
  • Comments Off on How long is the Statute of Limitations for collection of taxes?

I have been asked this question countless times.  There is a ten year statute of limitations on collection of taxes.  This means the IRS has ten years to collect taxes from the time the tax return is filed and assessed,…

When a military member files a late return, is she penalized?

  • September 30th, 2020
  • David Greene
  • Comments Off on When a military member files a late return, is she penalized?

The answer to this question depends on where the she is actively serving. If she is serving in the US or in a non-combat zone, there is no special relief for late filing. She will be charged the usual late…

What is my process for resolving delinquent taxes for clients?

  • September 23rd, 2020
  • David Greene
  • Comments Off on What is my process for resolving delinquent taxes for clients?

Since each case is unique to its own set of facts, I can only discuss general guidelines of our process.  When one retains me, he will sign a Form 2848 Limited Power of Attorney that allows me to represent him…

Is there a penalty for a tax return filed late that shows a refund?

  • September 15th, 2020
  • David Greene
  • Comments Off on Is there a penalty for a tax return filed late that shows a refund?

Fortunately, the answer is “No.”  If you are due a refund on your taxes and file the return after the filing deadline (July 15 this year), the IRS will not charge you a late filing penalty.  This is because you…

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