by Arthur Geffen | May 22, 2012 | Tax, Tax Planning, Tax Solutions
WASHINGTON — The Internal Revenue Service today announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear...
by Arthur Geffen | May 17, 2012 | Misc
College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. The Internal Revenue Service is...
by Arthur Geffen | May 16, 2012 | Tax, Tax Planning, Tax Solutions
AS Facebook prepares to go public, here’s how the founders are trying to avoid or is it “EVADE” taxes. Last weekend’s Tax Report, “How Facebook’s Elite Skirt Estate Tax,” has attracted a lot of reader response. No surprise there. The social-networking firm is...
by Arthur Geffen | May 14, 2012 | Income Tax
If you have lots of money, Tuesday, April 17, was one of the best tax days since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts remain at or near historically low levels. That’s thanks, in part, to legislation passed in...
by Arthur Geffen | May 9, 2012 | Income Tax
Problem is that renting out real estate is penalized in the tax code under Section 469 passive activity rules and that put a major damper on this timely investment idea. While Congress and President Obama can’t turn around the housing market, they can fix this...
