Attorney Greg Katzman on Business Tax Planning

On January 24, 2012, in Attorney Gregory M. Katzman, Tax, Video Blog Series, by S&W Blog Admin

Starting a new business? Check out Shipman & Wright Attorney Greg Katzman on business tax planning.

The IRS Taking Offshore Accounts Very Seriously

On December 14, 2011, in Attorney Gregory M. Katzman, Financial, Government, Tax, by Attorney Gregory Katzman

Blog Written by Attorney Gregory M. Katzman: New tax rules will require taxpayers with assets held offshore to make extensive disclosures to the Internal Revenue Service (IRS) or face risking harsh penalties. The IRS wants to locate taxpayer’s secret overseas accounts used to skirt U.S. taxes.  The Foreign Account Tax Compliance Act of 2010 requires [...]

Celebrities Still Have to Pay Their Taxes

On December 7, 2011, in Attorney Gregory M. Katzman, Financial, Tax, by Attorney Gregory Katzman

Christie Brinkley vows she’ll immediately repay the $531,000 she owes in back taxes. New York’s Daily News recently reported the Internal Revenue Service has filed a tax lien against the supermodel. Brinkley says in a statement the lien was a “result of an error” and pledges it will be paid in full by Wednesday.  The [...]

Bah Humbug Tax? The Fee on Christmas Trees is Designed to Boost Slumping Sales

On November 9, 2011, in Attorney Gregory M. Katzman, Government, Tax, by Attorney Gregory Katzman

Effective immediately, the United States government is imposing a 15-cent fee on most fresh-cut Christmas trees.  However, before critics compare President Obama to Scrooge, government officials want to explain this is a growers’ arrangement to boost tree sales.  All the money will be collectively used by the  Tree Growers industry’s marketing board.  But, small growers [...]

Tax Reconsideration In Taxpayer’s Favor for S&W Client

On November 9, 2011, in Attorney Gregory M. Katzman, Financial, Firm News, Tax, by S&W Blog Admin

Shipman and Wright, LLP is pleased to announce that we recently completed a tax reconsideration reducing the taxpayer’s tax liabilities by over $200,000.00 of tax debt. An Audit reconsideration is an Internal Revenue Service procedure designed to help you when you disagree with the results of: (1) An Assessment IRS made because of an audit [...]