How late can a taxpayer file a return and still get his refund?
- David Greene
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Last week we talked about a lost refund. This question presents a different problem. The answer to the question depends on when the return was filed. If, for instance, a 2012 return was filed before April 15, 2016 it just…
How to Recover a lost Refund
- David Greene
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Every year I get several questions about recovering a lost refund. The IRS recently reported that they have about $175 million in undelivered tax refunds. These are for more than 100,000 taxpayers. You may be one of them. The failure…
Happy New Year
- David Greene
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I hope all of my readers had a very nice Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. To begin, I want to tell all my readers that the 2017…
Business owners: Beware of a new filing deadline for 2017.
- David Greene
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Most small business owners and sole proprietors who have employees file their own employment and other tax returns. This article is especially for you. In the past employers have been required to issue W-2 forms to their employees by January…
What steps can you take to lower your taxes in 2017?
- David Greene
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There are several questions you can ask yourself when preparing for tax season. (1) For every personal expense you pay, ask “How can I legally deduct this?” If unsure, pass it along to your tax preparer. (2) If you own…
What kind of return does an LLC file?
- David Greene
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An LLC can file its taxes in one of two ways. When the LLC is formed, the members choose how the LLC is to be taxed. It can be taxed either as an S-Corporation or as a Partnership. In the…
Can the IRS force the recipient of a gift to pay the gift tax when the donor does not?
- David Greene
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When the donor of a large gift does not pay the gift tax owed, the IRS can seek to have the tax paid by the donee. This usually occurs in the situation where the donor has died without paying the…
Getting married soon? Check out these tax tips for newlyweds.
- David Greene
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Here are some tips to keep in mind if you are planning on getting married. (1) if one spouse takes the other’s name, the one with the name change must report the change to the Social Security Administration on Form…
Here are some tax saving tips for the Home Office.
- David Greene
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There are definitely some tax advantages to the home office deduction if it is set up correctly. Here are some pointers to help you get the most benefit: (1) the space must be exclusively and regularly used as the principal…
Here are some Back to School tax tips.
- 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…