Recipients of my September Newsletter know it featured me running for elected office on a mock platform of fully funding the IRS. Read more >>
November 19, 2019
Hey, Congress: Stop Underfunding the IRS!
Blog
Taxes on Inheritances
Bad news: your uncle dies. Good news: he left you money and a house. You’re also a beneficiary on a life insurance policy he had. Bad news: he named you as the executor of his estate, so you have to fill out paperwork now that he’s gone. Read more >>
September 27, 2019
Understaffed IRS: Occasionally Good for Clients, Always Bad For US
When the IRS does not have enough people to answer questions, perform audits, or collect the taxes, several things happen. The US Treasury doesn’t collect as much tax revenue as it should. Some people start evading taxes, figuring they can get away with it. Read more »
September 13, 2019
Which Possessions Will I Lose in Bankruptcy?
Clients often ask whether they can keep a treasured possession, like a 1968 Camaro, out of their bankruptcy? Technically, no. What Can I Keep? When filing bankruptcy, Read more >>
September 6, 2019
When Is An Offer In Compromise Advisable?
I don’t like offers in compromise as a way to get rid of tax debt. The process is cumbersome, expensive, and arbitrary. There are better ways to deal with tax debt. Read more >>
August 28, 2019
Huge Foreclosure in Los Angeles
Being ultra-rich doesn’t insulate you from the bottom-feeding world of foreclosure and bankruptcy. Just ask Suzan Hughes, the widow of Herbalife’s founder, Mark Hughes. Read more >>
August 23, 2019
California FTB’s over-reaching definition of “doing business in California”
If it even brushes against California, the state government wants to tax it… Read more >>
August 15, 2019
Tax Liens versus Levies
What’s a tax lien? A tax levy? The short answer: it’s how the IRS forces non-taxpayers to become taxpayers. What’s the difference between them? Read more >>
August 6, 2019
Asset Protection Gone Horribly Wrong
“Asset Protection” means taking steps to keep people who are suing you for money owed, from taking your money or house. I had a house-flipper client who successfully protected a house a while ago, only to have the IRS come after it recently. Read more >>
July 30, 2019
How To Respond To An IRS Notice
A recent client walked in with 15 unopened envelopes from the IRS. Even though he’d been collecting the notices for a year, he only sought help when the IRS levied on one of his bank accounts. Read more >>
April 8, 2019