What to do if you receive a certified letter from the IRS
- David Greene
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Many people are afraid to pick up a certified letter from the Post Office and are afraid to open it. However, you cannot help yourself by failing to act. Here is some advice on what to do when you receive…
How long does it take for an Offer in Compromise to be approved or rejected?
- David Greene
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Let me make one thing clear, dealing with the IRS is not like dealing with your neighbor down the street or a local business. It will not be resolved in a matter of a few weeks or even months, especially…
I want to be sure my tax return is prepared correctly this. Do you have any tips for choosing a good one?
- David Greene
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That is a very good question. Tax time will be here before you know it. I have more than a few clients each year who are audited and when I review their returns I can see where the tax preparer…
Here are some necessary components often omitted or wrongfully used in do-it-yourself wills
- David Greene
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(1) you need two witnesses, (2) A Notary Public must notarize the testator’s signature, (3) Neither the witnesses nor the Notary can be a beneficiary of the will, (4) A will should always be typed on a computer to avoid…
Some signs to indicate you should consider a Trust
- David Greene
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You should consider creating a Trust in the following situations: You are married and have children; You desire to pass certain assets to grandchildren, but not immediately after your death; You are contemplating divorce; You want to avoid probate; You…
Six reasons to have a trust instead of a will
- David Greene
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There are many reasons why one should consider having a Family Trust. Six of these are: The Trustor will avoid probate with a properly funded trust. The Court does not notify creditors since the decedent’s case does not go to…
Can one refinance a home that has a tax lien?
- David Greene
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Thank you for your question. I have several clients currently with the same problem. If you have enough equity in your home to completely pay the delinquent taxes, the IRS will discharge the lien upon payment of the taxes out…
What documents does the IRS require to be submitted with an Offer In Compromise?
- David Greene
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The Offer In Compromise program is a voluntary program that is offered to taxpayers who are delinquent in their taxes. Not everyone qualifies, but if you think you do and want to make an Offer you must disclose some private…
When does a taxpayer have to pay Estimated taxes?
- David Greene
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I cannot answer that without knowing how much you owe because the answer depends on how much you owe on your current year’s tax return. However, here are five general tips to help you decide if you should be paying…
Is Income Tax illegal?
- David Greene
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I get inquiries about this matter every year around April 15. First let me state that the collection of income tax by the federal government is legal pursuant to the Constitution and federal statutes. We might not like how much…