Tax Attorney Greenville - The Greene Law Firm

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Consequences of not paying estimated taxes

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Having more expense than income is a common occurrence in today’s world with the current economic situation. This is especially true for someone who owns a small business or gets 1099 income, i.e. the person is paid for services but no taxes are withheld. The small business owner or
 

What are the odds of being audited?

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The odds of any one person being audited are very slim. A new research report recently was published that stated that individuals and small corporations only have a one per cent chance of
 

Joint Offer in Compromise for Divorced Couples

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In an earlier blog, I talked about an ex-wife's liability when the ex-husband successfully pursued an Offer in Compromise. I said that the IRS can pursue this person’s ex-wife for any joint tax liability remaining after his Offer in Compromise is paid. Today I’m going to propose another solution to
 

Filing when you cannot pay the amount due

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Should you file a return even if you cannot pay the mount due? Yes, you always need to file your return on time even if you can’t pay. This is Tax Day and I hope all of my readers will file their returns, or an extension, today. What you do not want to do is ignore the tax due. There are
 

Joint Tax Liability After Divorce

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Consider the following situation. Husband and wife owe delinquent taxes. Sometime later they divorce and the judge orders husband to be responsible for all delinquent taxes. What happens to the wife's liability if the husband successfully pursues an Offer in Compromise?
 

Filing Delinquent Tax Returns

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You should always file delinquent returns for at least the past seven years. However, first, be sure to file your 2013 return on or before April 15 no matter what else you do or don’t do. You should
 

Asset Protection Trusts

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Many people are confused and sometimes misled about what kind of Trust they should use. A revocable trust cannot protect your assets from creditors. It is not meant to do that. The primary
 

How to prove you filed your tax return

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If you file your tax return and then the IRS loses it and sends you a letter saying you never filed, how can you prove you did? You may think the IRS does not lose tax returns, but they do every year. There are five primary ways to file that the IRS recognizes as providing proof of time of filing.
 

Rules for Tax Deductible Gifts

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Here are the rules: (1) You must have a written statement from the charity for a gift over $250 or at least a bank or credit card statement for any monetary donation; (2) gifts are deductible in the year
 

Dangers of Pre-Packaged Wills and Trusts

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I highly discourage buying and using pre-packaged or "cookie cutter" wills and trusts. Why? First, they may or may not contain all of the language and signing requirements necessary in South
 

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Tax Attorney Greenville - The Greene Law Firm
Tax Attorney Greenville - The Greene Law Firm
Tax Attorney Greenville - The Greene Law Firm
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The blogs are offered only for general informational and educational purposes.  They are not offered as and do not constitute legal advice or legal opinions.  Although we intend to keep this information current, we do not promise or guarantee that the information is correct, complete or up-to-date.  You should not act or rely on the information in these blogs without seeking the advice of an attorney.