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E. Martin Davidoff
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E. Davidoff’s Legal Guides

17 total


  • IRS Makes Significant Changes to Offer in Compromise Program

    On May 21st, the IRS announced major revisions to the Offer in Compromise program (http://www.irs.gov/newsroom/article/0,,id=257542,00.html). A major impact of such revisions is to enable high-income/low-net-asset individuals a much greater opportunity to resolve their tax debts...

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  • New Federal Tax Legislation Summarized

    On New Years Day, Congress completed its compromise to avoid the fiscal cliff.Here are the highlights of the legislation, the American Taxpayer Relief Act of 2012 (H.R. 8), which will impact your taxes: 1.The top stated tax rate will be increased from 35% to 39.6% for individual...

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  • Critical New Changes to IRS Collection Tax Forms

    December and January have brought a flurry of IRS changes to critical forms which may have gone unnoticed as we all focused on the Fiscal Cliff. Many frequently-used forms and publications used in IRS Collection practice have been revised, including the following: 1. Form 433-A, ...

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  • Tax Changes, Challenges and Opportunities!

    New Safe Harbor Option for Claiming Home Office Deduction Effective on or after January 1, 2013, the IRS provided an optional safe harbor method for calculating the deduction for expenses related to the business use of a residence, which is intended to reduce the paperwork and...

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  • IRS LIENS

    Do you know someone who has paid the IRS, yet their old IRS liens still impact their credit? If so, we can help! See our new website, www.lienbusters.com . When a person files a tax return with a balance due and that balance is not paid, the IRS has a lien on that person. Howev...

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  • 1099-G REPORTING

    Some States Are Not Mailing Forms 1099-G Reporting Income Paid By States If you received certain government payments in 2012, the federal, state, and local government agencies will also report the amount to the IRS on Form 1099-G. However, some state governments will NOT be pro...

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  • APRIL 15th TAX TIPS & REMINDERS

    We are quickly approaching the 2013 Tax Season filing deadline, which actually lands on April 15th this year! IMPORTANT REMINDER FOR THOSE FILING TAX EXTENSIONS If you file a tax extension, remember that you are only extending the time to file your income tax return, not the ti...

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  • IRS Revises Collection Financial Standards - Effective April 1, 2013

    Collection Financial Standards impact the IRS computation of acceptable offers in compromise and installment agreements. These are critical standards used by the IRS in determining the allowable budget of taxpayers who owe money to the IRS. The direct link for the Collection Fin...

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  • Tax Laws That Don't Make Sense - Part 1, Gambling Losses

    The 1976 movie "Network" had one of its characters, a news anchorman, go off script and state "I'm as mad as hell and I'm not going to take this anymore" and urged America to open their windows and yell the phrase. Here's a link to that memorable scene: http://www.youtube.com/wat...

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  • Tax Credits

    The following newsletter was written by Robbin Weiner, CPA, CGMA of E. Martin Davidoff Associates. Important Considerations for Divorcing/Divorced Parents There is often a disconnect in the handling of dependency exemptions and the related tax credits between what courts advi...

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