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...
James Wade
Insights and Advice from Your Trusted Tax Resolution CompanyKnow Thy Charity!
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...
Can’t Pay Your Taxes? File Your Tax Return Anyway!
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...
One Simple Mistake Taxpayers Make When Contacted by the IRS
IRS notices are important. Inside the IRS lays out what it wants from you. Failure to open the letter means you may be giving up valuable rights. Don’t make this simple mistake – open the letter and read it!
High Flying Attorney Gets His Wings Clipped by the IRS
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...
IRS Will Not Seize Refunds to Pay Back Old Debts to Social Security
For the 2014 tax filing season, the Social Security Administration (SSA) has agreed not to seize an individual's tax refunds to pay back old debts. Since 2008, the SSA has been able to have the Treasury Department seize federal payments...
Welcome!
I have established this blog to provide information that I hope I helpful, informative, and sometimes irreverently humorous. Please enjoy! James D. Wade, Esq. Law Office of James D. Wade 39 Limerick Road, Unit 6U Arundel, ME 04046...