Beacon Tax Advocates Blog

Insights and Advice from Your Trusted Tax Resolution Company

Welcome to the Beacon Tax Advocates Blog, your go-to resource for the latest news, insights, and professional advice in the world of tax resolution. Our aim is to keep you informed and help you navigate the complex landscape of tax laws and IRS procedures.

Whether you’re an individual taxpayer or a small business owner, our blog offers valuable information tailored to your needs. From understanding the IRS audit process to resolving an IRS collections matter, we cover a wide range of topics that will empower you to make informed decisions about your tax situation.

We believe that knowledge is power. By staying informed about your IRS situation, you can better understand your situation and the advice provided by our tax professionals.

Three Warning Signs Your Employee Retention Claim Could be Audited by the IRS

3 Warning Signs Your Employee Retention Credit (ERC) May Be Audited In my last post, I talked about the IRS' moratorium on ERC claims and how to withdraw a claim. In this post, I am going to discuss the big three warning signs that your...

PSA – IRS Moratorium on Employee Retention Credit Claims

Public Service Announcement - IRS Moratorium on Employee Retention Credit Claims ("ERC") and What it Means for You Unless you've been living under a rock, most people have heard about the COVID era credit for employers who kept their...

Inaugural blog post

Thank you for stopping by my small corner of the internet. My name is James Wade, and I am the owner of Beacon Tax Advocates and a tax resolution specialist. My company’s mission is to help taxpayers find a permanent resolution to their...

How the IRS Audits…Real Estate Agents

How the IRS Audits...Real Estate Agents In this video, Attorney Wade breaks down how the IRS audits real estate agents and what expenses are most often the target of IRS auditors. Contact Us I am Maine’s IRS Problem Solver. My firm helps...

Tax Train Wrecks – The Case of the Scammed Senior

Tax Train Wrecks - The Case of the Scammed Senior In this video, Attorney Wade discusses a recent taxpayer victory! Learn how he helped a scammed senior citizen get relief from a tax debt caused by scammers who stole over $400k from her....

IRS Stealth Audit – What if the IRS is Potentially Right?

IRS Stealth Audit - What if the IRS is Potentially Right? In this video, Attorney Wade discusses what options you have even if the IRS may be right on the CP2000 letter. Don't just roll over and pay the bill. If you haven't watched the...

IRS Audit Alert – PPP Loan Forgiveness

IRS Audit Alert - PPP Loan Forgiveness Atty Wade provides an IRS audit alert. PPP Loan forgiveness is on the IRS auditor's radar. Learn why this may turn out to be a big problem for you during an audit. Contact Us I am Maine’s IRS Problem...

Get Ahead of It – How Not to Make Your IRS Problem Worse

Get Ahead of It! Or How Not to Make Your IRS Problem Worse! Atty. Wade discusses a recurring problem in his practice. Taxpayers who delay dealing with their IRS problems and how it compounds the problem they find themselves in. He also...

IRS Stealth Audit – How to Respond to a CP2000 Exam

IRS Stealth Audit - How to Respond to a CP2000 Exam In this video, Attorney Wade discusses how to respond to a CP2000 Exam or IRS stealth audit as he calls it. Learn what to look for to understand the CP2000 notice and then how to...

Watch Out for IRS Stealth Audit – Avoid the CP2000 Exam

Watch Out for IRS "Stealth Audit" - Avoid the CP2000 Exam In this video, Attorney Wade discusses the CP2000 Exam or IRS stealth audit as he calls it. Learn why the IRS' posted audit rate of 1% is deceptive. CP2000 examinations make up a...

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Our Satisfied Clients

Do you owe in back taxes to the IRS and are under audit? Afriad to deal with the IRS? Hear from a few of our satisfied clients who we helped navigate their tax issues.

An incredible result!

I engaged Jim Wade earlier in 2018 to represent me in an IRS collection case arising out of several years of unpaid personal federal taxes, and was impressed by his professionalism, knowledge of tax laws, and experience in representing taxpayers before the IRS. At our first meeting he explained clearly the IRS collection process and recommended a number of steps I should take to put our position in the best possible light. He worked closely with me to gather all necessary information and formulate an offer of a repayment plan for the nearly $360,000 I owed in unpaid taxes, penalties, and interest.

David G., Falmouth, ME

Incredible Commitment and Service

My husband and I were looking to qualify for an offer in compromise with the IRS to pay off taxes that we owed. We hired Mr. Wade for a very fair price. After he investigated and crunched the numbers in every way possible to help us, he concluded that we would not qualify. His commitment to helping us did not end there. He continued to work with us to pay off our taxes, offering his expert advice. He answered all our questions thoroughly and continued to help us see this through to the end. We are very grateful for all of his hard work, his knowledge in tax law, and his full commitment to us as his clients. I would recommend his firm to anyone who needs help in taking care of and resolving any tax issues they may have no matter how big or small.

Heather C., Gardiner, ME

Highly Recommended

Jordan H., Wells, ME

Easy to Work with

We have worked with James on an IRS issue that had been on-going since 2019. The IRS claimed we owed them more than we had paid in taxes on our Federal return. When we followed James’s advice and filed an amended return, the IRS agreed with James position and we received a significant refund (enough to buy a good used car!). James is easy to work with and highly responsive. He is willing to answer emails and provide advice without always charging hourly fees. Highly recommend him and I will use him in the future if we ever have IRS issues again.

Stuart J., Florida

kind, helpful, and reassuring

I am an attorney in a different field of practice and I have clients with a variety of income tax needs. I need the tax information I receive and pass along to be spot-on accurate. I recently had an extended consultation with James, and I found that he has in-depth knowledge of the tax laws. His explanations were in plain English and provided great clarity. His demeanor is kind, helpful, and reassuring. He is a valuable professional resource.

Brent Poirier, Attorney in Portsmouth NH

Fantastic Tax Attorney

I was referred to James Wade for a very cumbersome tax lien bill problem that was put on my home by the IRS. James was extremely helpful and gave me tremendously helpful legal advice whenever I had a question or thought of going a different legal route. Thank goodness to his legal advice I waited it out and he did accomplish and was successful with having the lien removed from my property. This was so crucial as I am a single mother and needed this legal help desperately and he saved us from a lot of financial agony…seriously! If you have a tax issue James would be your go to guy for his legal expertise. He’s very helpful, prompt and available to you. He will get back to you right away if you leave him a message and actually prefers the phone as a better means of communication depending on the status of your case. To me that means he really cares and takes each case personally and wants to see each client be successful. I’m so glad that he was referred to me and I could not have asked for a better nor more competent attorney! Highly, highly recommend him!!

Elena B, Westbrook, ME

info@beacontaxadvocates.com

207-502-7181

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