Does the July 15 extension apply to other types of tax payments?
- April 9th, 2020
- David Greene
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The extension to July 15 for filing and paying federal and state income taxes only applies to income taxes. As of the writing of this answer, this extension does not apply to filing and paying payroll taxes, making installment agreement…
The PEOPLE FIRST INITIATIVE from the IRS
- April 3rd, 2020
- David Greene
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In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative. The highlights are as follows: If you are in an existing Installment Agreement, payments due between…
SYNOPSIS OF THE CARES ACT
- April 3rd, 2020
- David Greene
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The Coronavirus Aid, Relied and Economic Security (CARES) Act offers wide ranging financial relief for individuals and small business alike, but many details of how the act will be administered are still being decided. Some of the main areas of…
Can one file a separate Offer in Compromise if separated from the spouse?
- April 2nd, 2020
- David Greene
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The answer is that a couple can each an Offer if they are separated; however, you can still file a joint Offer if you cooperate. To do that all of the assets, income and expenses of both parties would be…
Does the new July 15 deadline for paying your federal taxes also apply to filing your 2019 return? What about South Carolina taxes?
- March 19th, 2020
- David Greene
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The IRS has just announced that the payment deadline for all income taxes due on April 15 has now been extended to July 15. Please note that this is an extension for paying only, NOT FILING. You must still file…
Which people get in tax trouble the most?
- March 12th, 2020
- David Greene
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I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently. Self employed people tend to find themselves…
Refusing an IRS certified letter will not defeat service of the Notice.
- February 27th, 2020
- David Greene
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The refusal of a certified Notice of Levy or other letter from the IRS does not mean the IRS has failed to serve you. In state court, I must serve a defendant either in person or through certified mail restricted…
How to deal with a missing W-2.
- February 18th, 2020
- David Greene
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You should have received your W-2 by January 31. If you did not, you should take these steps: (1) Contact your former employer and verify whether your address is correct and request a resubmission of the W-2. (2) If not…
Are IRS interest and penalty charges ever forgiven?
- February 11th, 2020
- David Greene
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Thank you for your question. Many people who owe taxes more than five or six years old find that the interest and penalties are more than the original tax. This is because penalties keep being added for several years. In…
Can I use my unreimbursed employee mileage expense as a deduction in 2020?
- February 4th, 2020
- David Greene
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Unfortunately, you can no longer use mileage on the job as an unreimbursed business expense when you itemize deductions. In my practice I have found that, most of the time, those expenses were disallowed in an audit because the taxpayer…