by James Wade | Jan 13, 2020 | IRS, IRS Back Taxes, IRS Penalties, Taxpayers
Why You Should File Your Taxes on Time Even if You Can’t Pay The IRS just announced that January 27, 2020 will be the official start of tax season for individuals. I consider it important to remind people that if you cannot pay your taxes, don’t panic, just make...
by James Wade | Nov 6, 2019 | Divorce, Income Taxes, IRS, Tax Controversies
Tax Returns and Divorce Taxes are one of life’s inevitables. You cannot avoid it even while getting a divorce. In this blog post, I lay out three things to understand when dealing with tax returns in divorce. Why you need to get advice before filing a return...
by James Wade | Nov 4, 2019 | Divorce, Income Taxes, Taxpayers
Hidden Tax Traps in Divorce Your Attorney Won’t Tell You About Look. Your attorney is doing the best job he or she can. Family law is what they do day in and day out. He or she is just not a tax expert and may not know about all the tax traps in divorce. If I...
by James Wade | Oct 31, 2019 | Divorce, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
Can My Former Spouse File a Joint Return Without My Signature? The answer is maybe. Under some circumstances, you can be held jointly liable for your spouse’s tax debts even if you didn’t sign the return. Normally, you must sign the return unless your...
by James Wade | Oct 28, 2019 | Income Taxes, IRS, Tax Controversies, Taxpayers
If you IRS on the Hunt This summer the IRS issued 10,000 letters to taxpayers who it believes should have reported virtual currency sales (also called cryptocurrency). Virtual currency, in a nutshell, is a digital unit of value. So like money this virtual currency can...
