Can the IRS collect taxes accrued in another state after you move to a different state?
- David Greene
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First, unfortunately there is no question that ones federal tax liability will follow him to another state. The IRS can easily find you by several means, so it is just a matter of time before those nasty letters will be…
Here are some Back to School tax tips.
- David Greene
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Here are some school related tax tips. (1) Although private school tuition is not deductible, the child care component of the tuition is deductible for kids under 13. (2) Also for kids under 13, before and after school care may…
Learn more about the ability to file subsequent Offers in Compromise after rejection.
- David Greene
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Last week I discussed the rejection of an Offer because the income was too high and then the Offer applicant was laid off. I discussed the necessity of having a source of income to file an Offer at any time….
Can you file a second Offer in Compromise after one is rejected?
- David Greene
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You can certainly file a second Offer after one is rejected, but only when there is a change in your circumstances, e.g. lower income or higher necessary living expenses or even loss of assets through no fault of your own. …
Tips for preparing an amended tax return
- David Greene
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Here are some tips for amending your return: (1) use the right form – Form 1040X; (2) since you are amending, also check for unused deductions or credits and be sure you have the correct filing status and number of…
Is a trust only for the very rich?
- David Greene
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A good trust is definitely not only for the very rich. People create trusts for different reasons. The three primary ones are (1) avoidance of probate, (2) asset protection from creditors and (3) the ability to control your assets and…
Can I get my tax refund if I owe back taxes?
- David Greene
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Unfortunately, the IRS will take any refund to which you are otherwise entitled until your delinquent tax is paid in full. Until your tax is paid in full, I suggest that you revisit your W-4 form and possibly adjust it…
Can the IRS seize jointly owned property when only one owner owes taxes?
- David Greene
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The IRS can seize and sell jointly owned property in certain circumstances, even when one of the owners does not owe delinquent taxes. There is a recent case that ended up going to the Seventh Circuit Court of Appeals. In…
The IRS “Dirty Dozen” tax scams.
- David Greene
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Last week we talked about the first half of the IRS Dirty Dozen tax scams. Today I’ll list the last 6. 7. Fake Charities – Scammers pretend to be collecting money for a charity, usually after a disaster. You can…
How do you transfer a piece of property after the probate estate of the owner is closed?
- David Greene
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The only way to transfer real property owned by a deceased person is to go through probate and obtain a Deed of Distribution. If the estate has already been closed, you must file a Petition to reopen the Estate based…