How can you protest taxes you believe you do not owe?
- January 31st, 2017
- David Greene
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Many times you can protest the assessment of taxes by the IRS The timing of the protest is important. We have discussed appeals in the past and you certainly might be able to appeal the notice of additional tax. I…
How late can a taxpayer file a return and still get his refund?
- January 24th, 2017
- 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
- January 17th, 2017
- 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
- January 3rd, 2017
- 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.
- December 28th, 2016
- 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?
- December 14th, 2016
- 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?
- December 9th, 2016
- 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?
- December 6th, 2016
- 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…
Is there any relief from taxes for a late rollover (Part 2)?
- November 16th, 2016
- David Greene
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In my earlier blog I answered that there are new procedures that can be used to get relief if certain criteria are met. They are: (1) An error was made by the financial institution, (2) The distribution check was misplaced…
Are income taxes really illegal?
- October 18th, 2016
- David Greene
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Many people hear the urban legends or talk to scam artists who say that income taxes are illegal and then ask me if that is true. Most of these usually happen around April 15. I have been getting some of…