The IRS “Dirty Dozen” tax scams.
- July 28th, 2016
- David Greene
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Last week we talked about the first half of the IRS Dirty Dozen tax scams. Today I’ll list the last 6. 7. Fake Charities – Scammers pretend to be collecting money for a charity, usually after a disaster. You can…
Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
- July 19th, 2016
- David Greene
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Each year the IRS compiles its Dirty Dozen tax scams – the worst of the worst. Here they are. 1. First on the list is Identity Theft. We addressed this in May. 2. Phone scams – One type of phone…
Learn about important tax considerations following a spouse’s death.
- June 23rd, 2016
- David Greene
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There are four important tax considerations one needs to consider following the death of a spouse. First, if you haven’t already filed your income tax return, you can still file a joint tax return for the year in which the…
Which is better, an Offer in Compromise or Installment Agreement – Part 2
- June 21st, 2016
- David Greene
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In my last blog I stated that if the taxpayer does not qualify for an Offer in Compromise, then we look at an Installment Agreement that is intended to pay the debt in full. However, sometimes the IRS will accept…
A warning to small business owners to be careful in claiming business credits.
- May 10th, 2016
- David Greene
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A “dirty dozen” scam is currently circulating in which unscrupulous preparers urge the business owner to take improper tax credits, primarily in two areas. The first is the fuel tax credit. This is only allowed for fuel used in off-road…
How can I protect myself from Identity Theft?
- May 4th, 2016
- David Greene
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Here are some tips to help you protect your sensitive data from Identity Theft. (1) If you get an email asking you to go to an “official” web site, check to see if it is a “spoofed” site, i.e. one…
Is it legal to have a personal foreign bank account?
- April 12th, 2016
- David Greene
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It’s amazing the rumors that abound about the IRS. An individual will not get in trouble for merely having a foreign bank account, so long as he reports it properly on his tax return. Many people and businesses have such…
Are small business entities being audited more frequently by the IRS?
- April 6th, 2016
- David Greene
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It is still true that an S-corporation or partnership is less likely to be audited than a sole proprietorship. However, the IRS has recently increased pass-through entity audits and decreased audits of large C corporations. From 2014 to 2015 S-corporation…
Learn what to do if you can’t pay the tax due on your return.
- March 29th, 2016
- David Greene
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First you should file your return on time even if you cannot pay the amount due. What you do not want to do is ignore the tax due. There are several ways you can arrange to pay the tax to…
What are common mistakes made in S-Corporation tax returns?
- March 22nd, 2016
- David Greene
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Although many Form 1120 S-Corporation tax returns are prepared by paid tax preparers, many also run into audit trouble. Many preparers make mistakes from time to time for various reasons. In fact the IRS just released a study that found…