by Leslie Marenco | Oct 31, 2014 | Articles, IRS
The Internal Revenue Service recently admitted that it made an error in its initial valuation of Michael Jackson’s estate, as reported in Forbes. Now, before anyone gets too excited, correcting this valuation “mistake” has actually increased...
by Leslie Marenco | Oct 16, 2014 | Articles, Estate Tax, Income Tax, IRAs / 401(k), IRS
Time flies, and the holiday season is already upon us. But pay attention, because if you miss these key financial deadlines you are going to be crying to your CPA when you get hit with substantial penalties or lose the opportunity to take advantage of some smart...
by Leslie Marenco | Sep 5, 2014 | Articles, Business/ Corporate Law, IRS
The IRS and State Governments have both stepped up their enforcement action against business owners who mis-classify employees as independent contractors. One friend of ours was just fined $150,000 for Worker’s Comp Fraud stemming from a mis-classification of...
by Leslie Marenco | Aug 22, 2014 | Articles, Estate Planning, Estate Tax, Gift Tax, Income Tax, Inheritance, IRAs / 401(k), IRS, Liens/Debt
Okay, clearly we are past midyear. But now that kids are back to school things can begin to normalize again. All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or...
by Leslie Marenco | Aug 20, 2014 | Articles, Asset Protection, IRS, Real Property / Real Estate
As illustrated by a recent tax lien case Gregory v. United States Department of the Treasury – IRS, everyone buying a piece of real property should use a reputable real estate Attorney to conduct a title search (and purchase title insurance) to avoid these...
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...
