Henry Daniel Lively’s Guides

Henry Daniel Lively

Costa Mesa Tax Lawyer.

Contributor Level 20
  1. Reassessment for property taxes

    Written by attorney Henry Lively, almost 3 years ago.

    With the current real estate slump it is a good idea to consider making an appeal to your county tax collector to have your property reassessed to its current market value. This can save you literally hundreds or even thousands of dollars in property taxes each year. The new valu...

    15 people found this Legal Guide helpful

  2. Innocent Spouse Claim No Longer Limited to Two Years

    Written by attorney Henry Lively, almost 3 years ago.

    Previously, a taxpayer seeking innocent spouse relief could only request relief from joint and several liability under the Internal Revenue Code for a period of two years. Section 6015 of the Internal Revenue Code provides for relief from joint and several liability in certain ci...

    17 people found this Legal Guide helpful

  3. Resolving Unpaid Taxes with the IRS

    Written by attorney Henry Lively, almost 3 years ago.

    You filed your tax returns, but could not come up with the money to pay the tax due. First, you did the right thing filing the tax return(s). To not file is a crime. However, it is not a crime to not pay the tax due. Once the tax liability is established you will now need to reso...

    19 people found this Legal Guide helpful

  4. Employee Business Expenses - Can you deduct them on your Personal Income Tax Return?

    Written by attorney Henry Lively, almost 3 years ago.

    An often asked question is whether you can deduct expenses you incur as an employee on your personal income tax return. The answer is maybe. First, you will need to be able to itemize decuctions on Schedle A of Form 1040, next your expenses will have to exceed 2 percent of your A...

    15 people found this Legal Guide helpful

  5. So You Received An Audit Notice - Now What?

    Written by attorney Henry Lively, almost 3 years ago.

    So you received an audit notice in the mail - Now what do you do? It is no secret that the IRS is taking a more aggressive and proactive stance on auditing taxpayers. It comes right down from the President of the United States who thinks that the tax gap can be closed through mor...

    16 people found this Legal Guide helpful

  6. Deduction for Business Use of Home

    Written by attorney Henry Lively, almost 3 years ago.

    A Deduction you may have over looked is the business use of your home. You can actually allocate a portion of your home to business usage and take a deduction for it. As a general rule, you cannot deduct items such as mortgage interest and real estate taxes as business expenses. ...

    21 people found this Legal Guide helpful

  7. Collection Due Process Hearings

    Written by attorney Henry Lively, almost 3 years ago.

    Collection Due Process hearings are a powerful tool in the right situation. They get you in front of an Appeals Officer to discuss your collection issue and they receive priority on the calander of the Appeals Officer. When you have your CDP hearing you can discuss collection alt...

    17 people found this Legal Guide helpful

  8. The IRS Is Putting More Focus on Foreign Financial Institutions, Intermediaries and Taxpayers

    Written by attorney Henry Lively, almost 3 years ago.

    The IRS has set its priorities for the coming year. It is no secret, they are going after those who evade their responsibility to pay their taxes. Foreign banks in bank secrecy jurisdictions have turned over literally thousands of names to the IRS to settle civil lawsuits brought...

    16 people found this Legal Guide helpful

  9. Should You Worry About Potential "Clawback" with Regard to Gifts you Make?

    Written by attorney Henry Lively, almost 3 years ago.

    The President signed into law on December 17, 2010 the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The Act reunified the Gift and Estate Tax when the mazimum tax rate for both Gifts and Estates was set at 35 percent, and provided for a $5 Mill...

    18 people found this Legal Guide helpful

  10. Accountable Plans

    Written by attorney Henry Lively, almost 3 years ago.

    Accountable Plans Pursuant to IRS Rules: To be an accountable plan, your employer's reimbursement or allowance arrangement must include all of the following rules. Your expenses must have a business connection that is, you must have paid or incurred deductible expenses while ...

    12 people found this Legal Guide helpful