by James Wade | Sep 23, 2022 | Fraud & Scams, Income Taxes, IRS, Tax Controversies, Tax Fraud
How to Know if You Have Been Contacted by a Scammer Scammers are everywhere you look. Charity scams. COVID loan scams. Student or mortgage loan relief scams. And, of course, tax scams. You would be a very rare bird indeed – or Rip Van Winkle, if you haven’t...
by James Wade | Sep 8, 2022 | Income Taxes, IRS, Tax Controversies, Tax Deductions
Don’t Be Too Quick to Toss Old Tax Records I was asked to assist with an appeal of an IRS examination of a real estate investor. One of the big issues was that the IRS denied $500k in losses from prior years outside the audit. In case you are curious, the...
by James Wade | Aug 30, 2022 | Income Taxes, IRS, IRS Penalties
Big News: IRS Provides Late-Filing Penalty Relief to Taxpayers In a big win for taxpayers, the IRS is providing penalty relief for tax years 2019 and 2020. The best part for you, if you qualify, is that you do not need to do anything to obtain relief. The IRS is going...
by James Wade | Nov 10, 2021 | Income Taxes, IRS, IRS Back Taxes, IRS Offer-in-Compromise, IRS Penalties, Offers in Compromise, Taxpayers
IRS Installment Agreements – Types of Installment Agreements In our last blog post, we talked about IRS installment agreements. Just to recap, an IRS installment agreement is a monthly payment plan to pay taxes, interest, and penalties over time to the Internal...
by James Wade | Aug 4, 2021 | Income Taxes, IRS, IRS Back Taxes, Taxpayers
IRS Installment Agreements – Is it Right for You? Often taxpayers in trouble are unable to pay what they owe immediately. So, what do you do? Luckily, there are ways to break down payments into something more manageable. The IRS offers payment plans that allows the...