by James Wade | Jun 17, 2015 | Uncategorized
In Devy v. Commissioner, T.C. Memo. 2015-110, a recent tax court opinion, Mr. Devy found out the hard way that his trust in his tax preparer, aptly named Tax Whiz, was misplaced. Tax Whiz prepared his return and claimed for him an education credit of $2,500. After...
by James Wade | May 5, 2015 | Uncategorized
With the recent disaster in Nepal people around the world are making donations to help the recovery effort. Sadly times like these draw scam artists who will form fake charities to take money from the unaware. If you are considering making a donation, whether for...
by James Wade | Feb 22, 2015 | Income Taxes, Tax Controversies
As a tax attorney I often hear the lament, “I can’t file my taxes because I don’t have the money!” Not having the money to pay your taxes is not great but IRS stormtroopers are not going to flood into your home to carry you off to some black...
by James Wade | Feb 2, 2015 | Income Taxes
This one taxpayer mistake is so simple and sadly so common that taxpayers who make it should kick themselves. Here it is: read your IRS notice. If you receive a notice from the IRS, read it. It’s that simple. Throwing the notice into a pile of other papers,...
by James Wade | Jan 18, 2015 | Income Taxes, Tax Controversies
T.C. Memo. 2015-1 Tulane Meredith Peterson v. Commissioner of Internal Revenue (Issued January 5, 2015) The Story Arcadia, California resident Tulane Peterson loved to fly. While licensed as an attorney since 1997, his first true and abiding love was flying; by the...
