Happy New Year. How to choose a tax preparer
- January 3rd, 2018
- David Greene
- Comments Off on Happy New Year. How to choose a tax preparer
I hope all of my readers had a very relaxing and joyous Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. As you know it looks like we will have a…
How many different ways can the IRS try to collect taxes I owe – Part 2?
- December 27th, 2017
- David Greene
- Comments Off on How many different ways can the IRS try to collect taxes I owe – Part 2?
First, let me say that I hope all my readers had a wonderful Christmas. Two weeks ago. I mentioned several collection methods. This week I will discuss seizure of property in more detail. If the taxpayer still does not pay…
Merry Christmas
- December 20th, 2017
- David Greene
- Comments Off on Merry Christmas
As you read this article we are now in the week before Christmas. As an adult I ask “how did it get here so fast” but as a child I would ask “when will Christmas ever get here?!” As with…
How many different ways can the IRS try to collect taxes I owe?
- December 12th, 2017
- David Greene
- Comments Off on How many different ways can the IRS try to collect taxes I owe?
This is a good question, but one that cannot be answered in a short space. I will just discuss the primary methods. When one does not pay her taxes, she will first receive a friendly letter stating that she has…
Is it worth mortgaging my home to get a tax deduction?
- December 7th, 2017
- David Greene
- Comments Off on Is it worth mortgaging my home to get a tax deduction?
In my opinion, you should never incur debt for the express purpose of lowering your taxes. At this time it is true that people who have a mortgage get to take a deduction on their taxes; however, they only deduct…
Can failure to pay taxes result in jail time?
- November 28th, 2017
- David Greene
- Comments Off on Can failure to pay taxes result in jail time?
Yes you can go to jail for non-payment of taxes, but your failure to file and pay must be with the deliberate intent to defraud the government. In most cases the failure to file is not a deliberate attempt to…
Suggestions for Recovering Lost Financial Records
- November 7th, 2017
- David Greene
- Comments Off on Suggestions for Recovering Lost Financial Records
Here are some suggestions for recovering your financial records if they are lost or destroyed in a hurricane or other natural disaster: (1) get a copy of your tax transcript from the IRS; (2) Request copies of records (bank statements,…
Does the Frersh Start program work for companies?
- October 17th, 2017
- David Greene
- Comments Off on Does the Frersh Start program work for companies?
The Fresh Start program for companies is not discussed much, but it is there in a different format. The Fresh Start for business offers an Express Installment Agreement. To qualify, the business must meet the following criteria: (1) the amount…
What is the Expanded Fresh Start Program?
- October 10th, 2017
- David Greene
- Comments Off on What is the Expanded Fresh Start Program?
The Fresh Start program has been expanded. It was recently expanded to help taxpayers who owe up to $100,000 in delinquent taxes. They will be able to enter into an Expedited Installment Agreement if they can pay the balance due…
Here are some important tax tips for new start-up companies.
- October 3rd, 2017
- David Greene
- Comments Off on Here are some important tax tips for new start-up companies.
Here are some tips relative to the financial and tax implications of a new business. To make the best decisions, you should consult with an attorney or accountant when implementing these tips. (1) Pick a business structure – S or C…