Posts Tagged ‘Greenville’

If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?

  • November 22nd, 2016
  • David Greene
  • Comments Off on If one forgets to change a beneficiary after divorce, can it be amended after his death for good cause?

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)?

  • November 16th, 2016
  • David Greene
  • Comments Off on Is there any relief from taxes for a late rollover (Part 2)?

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?

  • November 1st, 2016
  • David Greene
  • Comments Off on Is there any relief from taxes for a late IRA or 401K rollover?

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…

Are income taxes really illegal?

  • October 18th, 2016
  • David Greene
  • Comments Off on Are income taxes really illegal?

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.

  • October 11th, 2016
  • David Greene
  • Comments Off on Getting married soon? Check out these tax tips for newlyweds.

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.

  • October 4th, 2016
  • David Greene
  • Comments Off on Here are some tax saving tips for the Home Office.

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?

  • September 28th, 2016
  • David Greene
  • Comments Off on Can a Family Court Order stating only one spouse is liable for taxes stop an IRS levy against the other spouse?

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…

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