HAPPY NEW YEAR
- December 29th, 2015
- David Greene
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I hope everyone reading this had a very nice Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. Of course the way to make those hopes and resolutions come true is…
MERRY CHRISTMAS
- December 24th, 2015
- David Greene
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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,…
Is an Offer in Compromise ever a solution if the taxpayer has enough funds to pay in full?
- December 8th, 2015
- David Greene
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There is a type of Offer that can be used in certain situations. I am referring to the Offer based on Effective Tax Administration. It is appropriate when the taxpayer has the funds or assets to pay the amount owed,…
What’s the difference between a Power of Attorney and a Conservatorship?
- November 21st, 2015
- David Greene
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As I stated in my last blog these are two legal powers that accomplish the same purpose in two completely different ways. I discussed the Power of Attorney in my last blog and will cover the Conservatorship in this blog….
How to sell co-owned property if one owner does not want to sell.
- October 29th, 2015
- David Greene
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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
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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
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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…