by James Wade | Mar 12, 2018 | Income Taxes, IRS, IRS Back Taxes, IRS Tax Liens, Tax Controversies, Taxpayers
How the IRS Collects Back Taxes I posted a video on my youtube channel about the IRS collection process. If you owe back taxes, you need to understand how the IRS goes about collecting it from taxpayers. As the old G.I. Joe cartoon said, “Knowing is half the...
by James Wade | Feb 28, 2018 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
What to do with the IRS Final Notice? If you receive an IRS final notice of intent to levy, you need to act now! Recently, I blogged about IRS collection notices. For the most part, IRS collection notices are just reminders to pay your taxes. Not so with IRS final...
by James Wade | Feb 27, 2018 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
Current Tax Compliance – Why It is So Important Last week, I wrote a blog called: 3 Things You Need to Know About Back Taxes. The big takeaway I wanted readers to leave with is: the IRS wants you to get into tax compliance! I think it is so important that I am...
by James Wade | Feb 19, 2018 | Income Taxes, IRS, Tax Controversies, Taxpayers
My firm represents taxpayers with tax problems across Maine. A frequent question I receive is: what do all these IRS collection notices mean?! These notices serve two purposes: one, they inform the taxpayer of how much is due and two, the IRS asks to be paid otherwise...
by James Wade | Jun 30, 2017 | Divorce, Income Taxes, Innocent Spouse Relief, IRS
Getting Divorced? What You Need to Know About Your Unpaid Tax Liabilities. Getting divorced is unpleasant, even in the best of situations, and nothing can make it more unpleasant than when issues from the marriage continue to haunt the former couple after the marriage...
by James Wade | Apr 7, 2017 | Income Taxes, IRS, Tax Evasion
When I first started preparing tax returns in the late 90’s, foreign account reporting was not really a concern. Rarely was there a need to check yes to the question on Schedule B (Interest and Dividend Income) of Form 1040, to indicate the taxpayer had an...
