by James Wade | Feb 27, 2017 | Uncategorized
When dealing the the U.S. Government, you have rights such as the right against unreasonable search and seizure and the right to free speech as guaranteed by the Bill of Rights. Dealing with the IRS is no different but in addition to the rights guaranteed to you by...
by James Wade | Feb 13, 2017 | Income Taxes, Taxpayers
If you owe money to the IRS, you face possible seizure of your assets such as wage garnishment or a bank levy. In some rare cases, the IRS can even foreclose on your home. This post is intended to give you some basic knowledge of what an IRS levy is and what you can...
by James Wade | Jan 24, 2017 | Uncategorized
Good question. On average you have less than a one percent chance, as an individual, of being audited by the IRS. Don’t get complacent though, that figure is only part of the story. Only when you crunch the numbers does a more nuanced picture emerge regarding...
by James Wade | Jan 12, 2017 | Tax Credits, Tax Deductions, Taxpayers
Children are a blessing and a curse (and not the least bit cheap!). It is nice to know that the Internal Revenue Code at least acknowledges your pain and provides some tax benefits to make raising a child more affordable. Now if only the IRS could make it easier to...
by James Wade | Dec 27, 2016 | Charitable Giving, Income Taxes, Tax Deductions, Taxpayers
Give and you shall receive, as the saying goes. If you are considering a year-end gift of money or property to a worthy charity, here are some tips on maximizing your charitable tax deduction: Keep good records! Regardless of the amount of money given, meaning from...