by James Wade | Nov 17, 2017 | Employment Tax Issues, IRS, Tax Controversies
Is your contractor really your employee? Are you potentially facing big problems from an IRS audit? Worker misclassification is a big problem for businesses who use independent contractors, especially in the construction industry. Improperly classifying employees as...
by James Wade | Oct 20, 2017 | Divorce, Property Settlement
Getting divorced is tough. Two lives joined together are split asunder and the last thing on anyone’s mind is taxes. However, understanding the impact of taxes on a property division is key to making sure a division of property is truly equitable. Hidden taxes in the...
by James Wade | Jun 30, 2017 | Divorce, Income Taxes, Innocent Spouse Relief, IRS
Getting Divorced? What You Need to Know About Your Unpaid Tax Liabilities. Getting divorced is unpleasant, even in the best of situations, and nothing can make it more unpleasant than when issues from the marriage continue to haunt the former couple after the marriage...
by James Wade | Apr 7, 2017 | Income Taxes, IRS, Tax Evasion
When I first started preparing tax returns in the late 90’s, foreign account reporting was not really a concern. Rarely was there a need to check yes to the question on Schedule B (Interest and Dividend Income) of Form 1040, to indicate the taxpayer had an...
by James Wade | Mar 27, 2017 | Fraud & Scams, Tax Fraud, Taxpayers
Identity theft and tax refunds are big business for fraudsters. To give you an idea of the scope of this problem, in 2015, from January through November, the IRS rejected or suspended the processing of 4.8 million suspicious returns – the refunds claimed on...
