by James Wade | Feb 5, 2021 | Divorce, Income Taxes, Innocent Spouse Relief, IRS, IRS Back Taxes, Taxpayers, Uncategorized
Innocent Spouse Relief- The Program This month, we will close our discussion on innocent spouse relief. In my first post on the subject, I gave a broad outline and talked about how to sever the joint tax liability between you and your spouse. In the last post, I...
by James Wade | Oct 16, 2020 | Innocent Spouse Relief, IRS, IRS Back Taxes
Innocent Spouse Relief – How to Sever Your Joint Tax Liability with Your Spouse (or Former Spouse) As a married couple, filing a joint return can yield a huge tax benefit. If you file separately, often you end up owing more. Congress placed limits on certain...
by James Wade | Sep 21, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise, Tax Controversies
What is an Offer-in-Compromise Doubt as to Liability? Did you know that you can settle your IRS debt if you disagree with the amount due? Most settlements are done because the taxpayer cannot pay but the IRS will settle if you genuinely dispute what you owe. This type...
by James Wade | Sep 10, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise
Paying for Your Offer In Compromise – Which is the Best Way? We have talked a lot about offers-in-compromise but a question not often asked is: which way is best to pay for the offer? The answer may surprise you. Fees Before addressing how the offer is paid for,...
by James Wade | Jul 6, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Offers in Compromise
Bankruptcy versus Offer in Compromise, A Comparison What is Different? Bankruptcy OIC Who runs the process A court process where IRS is just one of many creditors. An administrative process controlled by the IRS. Which tax debts are dischargeable Tax debts are...
by James Wade | Jul 6, 2020 | Income Taxes, IRS, IRS Back Taxes, Taxpayers
Podcast Episode 11: Can’t Pay Your Taxes? What to Do. In this episode, Jerrod Oltmann and I discuss what your options are if you can’t pay your taxes on July 15th....
