by Leslie Marenco | Aug 18, 2014 | Articles, Celebrity Estates, High Net Worth, IRS, Liens/Debt
MC Hammer was at one point in time the biggest rap artist on the planet. Now two decades later, MC Hammer is probably more famous for his tax issues – which seem to be never ending. It goes to show you, the Internal Revenue Service doesn’t quit when it comes to...
by Leslie Marenco | Aug 18, 2014 | Articles, Income Tax, Real Property / Real Estate
Whether you have a lakeside cabin in Maine, or a ski house in Colorado, owning a vacation or second home can be a wonderful thing. It also could earn you some extra money if you rent it when you’re not there… but if you’re not careful, it also could...
by Leslie Marenco | Aug 17, 2014 | Articles, Estate Planning, Estate Tax, High Net Worth, Non - US Citizen, Trusts
This is South Florida so I commonly encounter married couples with mixed nationalities. That is, one spouse is an American citizen and the other is not. The U.S. estate and gift tax rules are generally the same for U.S. citizens and resident aliens. However, the...
by Leslie Marenco | Aug 16, 2014 | Articles, Celebrity Estates, Income Tax, IRS, Liens/Debt
Adding to the ongoing list of Rappers that apparently have money for mansions, women, and jewelry (apologies for the stereotype) but not to hire an accountant or a lawyer, Lil Wayne’s (whose real name is Dwayne Carter) tax troubles have reached an all-time high...
by Leslie Marenco | Aug 16, 2014 | Articles, IRS, Liens/Debt
When you fail to pay your tax debt, the government may impose a federal tax lien. This lien protects the government’s interest in all of your property while the debt is owed. The types of property subject to the lien include real estate, personal property, and...