Can the payroll clerk be charged for the Trust Fund Penalty?
- August 2nd, 2023
- David Greene
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Yes, the IRS can pursue a payroll clerk as a “Responsible Party” for the Trust Fund penalty. I am quite sure that the owners and/or managers of the company would also be contacted and found to be responsible. They probably…
Can tax payments be paid electronically?
- July 17th, 2023
- David Greene
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Yes they can. I would like to state first though, that one should always use certified mail or Priority Mail with tracking to send anything to the IRS. That way you get the green card back, which is proof that…
Pitfalls to avoid in Estate Planning
- July 13th, 2023
- David Greene
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Everyone should review her Estate Plan every two or three years. The beginning of the new year is a good tinme to do that. Here are some pitfalls to avoid. (1) Check your beneficiaries on your trust, will and financial…
Can the IRS make me adjust my withholding amount on my paycheck?
- July 11th, 2023
- David Greene
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Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…
Here are some tips to coinsidser when filing an amended tax return.
- July 7th, 2023
- David Greene
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Keep these tips in mind: (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 dependents; (3) if…
What are some tax advantages for school?
- June 30th, 2023
- 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…
The 2023 Tax Day has now come and gone!
- June 27th, 2023
- David Greene
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Since tax day is now behind us and all of you have hopefully filed your return or an extension, you can now relax for awhile. Therefore, I thought that today I would share a little comic relief. Hope you enjoy….
When is the best time to file an Offer in Compromise?
- June 22nd, 2023
- David Greene
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In general, i.e. in terms of “now” as opposed to several years ago, this is a good time to deal with the IRS. They have generally been more willing to compromise and make better deals for the taxpayers than in…
Does an Offer in Compromise by one ex-spouse absolve the other from the debt?
- June 21st, 2023
- David Greene
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If you and your ex-spouse filed jointly, you both are jointly and severally liable for the entire tax bill. This means that you both owe the entire amount and the IRS can pursue either or both of you for payment…
Can the IRS make me adjust my withholding amount on my paycheck?
- June 20th, 2023
- David Greene
- Comments Off on Can the IRS make me adjust my withholding amount on my paycheck?
Yes, they can but sometimes you should voluntarily make that adjustment yourself. It is a common issue among our clients that they do not have enough taxes withheld from their paycheck. When you work as an employee, you fill out…