Can one refinance a home that has a tax lien?
- August 26th, 2024
- David Greene
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Thank you for your question. I have several clients currently with the same problem. If you have enough equity in your home to completely pay the delinquent taxes, the IRS will discharge the lien upon payment of the taxes out…
What documents does the IRS require to be submitted with an Offer In Compromise?
- July 22nd, 2024
- David Greene
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The Offer In Compromise program is a voluntary program that is offered to taxpayers who are delinquent in their taxes. Not everyone qualifies, but if you think you do and want to make an Offer you must disclose some private…
When does a taxpayer have to pay Estimated taxes?
- May 6th, 2024
- David Greene
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I cannot answer that without knowing how much you owe because the answer depends on how much you owe on your current year’s tax return. However, here are five general tips to help you decide if you should be paying…
Is Income Tax illegal?
- May 1st, 2024
- David Greene
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I get inquiries about this matter every year around April 15. First let me state that the collection of income tax by the federal government is legal pursuant to the Constitution and federal statutes. We might not like how much…
Why is money withdrawn from a retirement account taxed?
- April 30th, 2024
- David Greene
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I decided that shortly after tax time is a good time to answer this question because I always have clients in this predicament every year! I want to use this answer as a warning to anyone thinking of making an…
How soon can one submit a seccond Offer in Compromise?
- February 20th, 2024
- David Greene
- Comments Off on How soon can one submit a seccond Offer in Compromise?
There is no minimum wait time between Offer submissions. However, a better question is, “Is there any hope if I submit another Offer after my first one was denied?” Yes there might be, depemnding on the length of time between…
Can I go to jail for not filing taxes?
- February 12th, 2024
- David Greene
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I have a lot of clients that have failed to file returns for several years, in fact, a gentleman came in last week who has not filed in 15 years. First, you should not worry about going to jail unless…
How can you track your 2022 missing refund?
- February 2nd, 2024
- David Greene
- Comments Off on How can you track your 2022 missing refund?
Every year I get several questions along the same line. The IRS recently reported that they have over $200 million in undelivered tax refunds. These are for more than 100,000 taxpayers. You may be one of them. The failure in…
New Year Resolutions
- January 29th, 2024
- David Greene
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Well, Christmas is over and we have rung in the New Year. During this past week many people made New Year resolutions. Did you make any? Most of these deal with either working on a healthier and better body or…
What is the difference in a levy and a lien?
- December 1st, 2023
- David Greene
- Comments Off on What is the difference in a levy and a lien?
A tax lien is a document recorded at the county register of deeds office which simply states that the individual owes the IRS the amount of money stated on the lien. If the person named sells real property, that lien…