Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
- David Greene
- Comments Off on Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
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…
What Is The Federal Student Tax? Is It A Scam?
- David Greene
- Comments Off on What Is The Federal Student Tax? Is It A Scam?
There is no federal student tax. This is the latest scam using IRS impersonators. They usually threaten criminal prosecution if the student does not immediately wire funds or provide a credit card to them. There are many similar scams operating…
Some Thoughts on the Fourth
- David Greene
- Comments Off on Some Thoughts on the Fourth
Did you have a Grand Fourth of July? I hope you did and I hope you not only celebrated our independence but also remembered all those who have fought and died for our country and those who today are in…
Can gift taxes be paid pver time?
- David Greene
- Comments Off on Can gift taxes be paid pver time?
The overwhelming majority of tax problems originate with unpaid income taxes and deals are made on those every day. However, the IRS does indeed make deals on other kinds of taxes. Payroll, corporate and certain excise taxes are the next…
Learn about important tax considerations following a spouse’s death.
- David Greene
- Comments Off on Learn about important tax considerations following a spouse’s death.
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…
Which is better, an Offer in Compromise or Installment Agreement – Part 2
- David Greene
- Comments Off on Which is better, an Offer in Compromise or Installment Agreement – Part 2
In my last blog I stated that if the taxpayer does not qualify for an Offer in Compromise, then we look at an Installment Agreement that is intended to pay the debt in full. However, sometimes the IRS will accept…
Which is better, an Offer in Compromise or Installment Agreement?
- David Greene
- Comments Off on Which is better, an Offer in Compromise or Installment Agreement?
If you qualify for an Offer In Compromise due to your current financial situation, then it is always better to do the Offer. Often we can offer the IRS a small fraction of the total amount you owe. If the…
Can criminal charges be brought for not paying payroll taxes?
- David Greene
- Comments Off on Can criminal charges be brought for not paying payroll taxes?
A business owner who has not paid the payroll taxes of his employees will usually have the trust fund penalty assessed against him, making him personally liable for the federal taxes withheld. Most trust fund cases are not criminal because…
What are the most important advantages to having a Revocable Trust?
- David Greene
- Comments Off on What are the most important advantages to having a Revocable Trust?
The most often stated advantage to havihng a Revocable Trust is that it will help the family of the deceased avoid probate However, there are certainly other advantages as well. First, a revocable trust can help insure passing of assets…
Can the IRS seize property in a non-liable taxpayer’s name?
- David Greene
- Comments Off on Can the IRS seize property in a non-liable taxpayer’s name?
Yes they can for two reasons. First the Statute of Frauds states that when one transfers property after he has notice of a potential lawsuit or debt, the Court can reverse the transfer as being done to avoid the debt….