Posts Tagged ‘IRS’

MERRY CHRISTMAS

  • December 24th, 2015
  • David Greene
  • Comments Off on MERRY CHRISTMAS

Dear Readers, For this Christmas week edition of my blog, I would like to pay honor to this most wonderful season of the year. My favorite cartoon character is Snoopy from the Peanuts cartoon. He went on many imaginary adventures,…

How to sell co-owned property if one owner does not want to sell.

  • October 29th, 2015
  • David Greene
  • Comments Off on How to sell co-owned property if one owner does not want to sell.

The law provides a way out of this common dilemma that usually arises following an inheritance by several siblings. One or more want to sell and get the money while the others want to keep the property. It is called…

When does one have to pay gift tax?

  • October 12th, 2015
  • David Greene
  • Comments Off on When does one have to pay gift tax?

One who is the recipient of a monetary gift does not pay the gift tax on the money received. The donor pays the tax. However, anyone can give a monetary gift of up to $14,000 per year without having to…

What if the IRS tries to collect taxes you do not owe.

  • September 23rd, 2015
  • David Greene
  • Comments Off on What if the IRS tries to collect taxes you do not owe.

If you receive collection letters stating that you owe taxes for years that you do not think you owe, you need to proceed under the approach to compromising tax liability known as the “Doubt As To Liability” doctrine. As the…

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