by Arthur Geffen | Aug 2, 2013 | IRS
While most taxpayers get a refund from the IRS when they file their taxes, some do not. The IRS offers several payment options for those who owe taxes. Here are eight tips for those who owe federal taxes. 1. Tax bill payments. If you get a bill from the IRS this...
by Arthur Geffen | Jan 12, 2012 | IRS
Don’t be Scammed by Cyber Criminals The Internal Revenue Service receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo...
by Arthur Geffen | Sep 19, 2011 | Audit, Gift Tax, IRS
The IRS is digging up property-transfer records in many states and checking to see if corresponding gift-tax returns have been filed. Making a gift of property to heirs has become far more popular since housing values began declining in 2006, because lower...
by Arthur Geffen | Sep 19, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax, IRS
Wealthy taxpayers who want to make large gifts to family members recently got good news: A federal appeals court affirmed a popular technique to sidestep gift taxes. The decision, Estate of Petter v. Commissioner, was published in August by the Ninth Circuit in...
by Arthur Geffen | Jan 18, 2011 | Income Tax, IRS
At a press conference Monday, former Swiss bank executive Rudolf Elmer handed WikiLeaks’ Julian Assange two discs that he says contain details on more than 2,000 people who evaded income taxes, legally or otherwise, through offshore banking. The list...
by Arthur Geffen | Dec 23, 2010 | Estate Tax, Income Tax, IRS
Congress adjourned its year-end lame-duck session on Wednesday after passing legislative fixes for several pending tax issues, including the estate tax, the expiration of the 2001 and 2003 tax cuts, an alternative minimum tax (AMT) patch, and extensions of many...
