Category Archives: Miscellaneous
IRS Subpoenas and Summons—What to do?
The IRS is getting much more aggressive in seeking and collecting monies that may be owed. A number of my clients have received summons from the IRS. The IRS does have the power to issue administrative summons to taxpayers, oftentimes requiring them to produce papers, books, or other documents, and requiring them to appear before […]
Hoarding: How Does It Affect You?
We are all affected by hoarders. Some of us more directly than others. Almost everybody has an “Uncle Charlie” in their family who has been collecting things forever. Is he a hoarder? Does he need help? If he does need help, how can you help him? Even if you don’t have a direct connection to […]
IRS Taxpayer Bill of Rights
The IRS recently adopted a “Taxpayer Bill of Rights.” These rights already exist in the tax code, but this initiative is intended to consolidate those rights into more straightforward categories to improve taxpayers’ understanding of what rights they have before the IRS. The provisions included in the Taxpayer Bill of Rights are: 1. The Right […]
1031 Exchanges
Often clients will come to us wanting to sell a property, but feel trapped by the high capital gains taxes that they would incur by selling. We have the pleasure of informing these clients that there is a special rule in the Internal Revenue Code that will allow them to defer capital gains by making […]
“Scams” Targeting New Homeowners
Certified Copy of Your Deed. All homeowners should be aware that, for several years now, a company called “National Deed Service” or “National Record Service” targets homeowners (new homeowners in particular) advising them that they must have a certified copy of their Deed. This is not the case. The company is selling an unnecessary product. […]
Life Insurance as a Student Loan Safety Net
With increases in college tuition outpacing inflation every year, many students turn to loans to cover the cost of school. Financial institutions generally require a cosigner on these loans to secure the student’s debt—nearly always the student’s parents. This is all well and good assuming the student graduates college and finds a job after graduation. […]
Did You Know? The Need for Worker’s Compensation Insurance
Although all employers are required by law to have Workers’ Compensation Insurance (aka “Workers’ Comp”) policies, it is frequently overlooked, and employers are often under-insured. Workers’ Comp is rated based on the classification of the type of business and the payroll. Premiums change according to the business’ payroll, not the number of workers employed. You […]
