IRS Penalties Archives - Page 2 of 3

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

by James Wade | Nov 20, 2023 | Employee Retention Credit (ERC), IRS, IRS Audits, IRS Penalties, Tax Fraud

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 ERC claim may be looking...

PSA – IRS Moratorium on Employee Retention Credit Claims

by James Wade | Nov 6, 2023 | IRS, IRS Audits, IRS Penalties, Tax Fraud

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 businesses...

Big News! IRS Offers Penalty Relief for 2019 and 2020

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...

IRS Installment Agreements – Types of Installment Agreements

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...

Confidential informants and whistleblowing: Making Money by helping the IRS!

by James Wade | Jun 1, 2021 | Criminal Matters, Fraud & Scams, Income Taxes, IRS, IRS Penalties, Tax Controversies, Tax Evasion, Tax Fraud, Uncategorized

Confidential informants and whistleblowing: Making Money by helping the IRS! What is the IRS Whistleblower Program? Believe it or not, the IRS has a program set up to reward taxpayers who to inform the IRS about other taxpayer’s tax fraud or tax evasion. That’s...

Everything You Need to Know About Tax Penalties

by James Wade | Apr 21, 2021 | IRS, IRS Back Taxes, IRS Penalties, Taxpayers, Unfiled Taxes

Everything You Need to Know About Tax Penalties If you’ve ever paid your taxes late or just completely forgotten to file, you may know all too well about the dreaded tax penalties. These penalties are more than a little slap on the wrist, they could cost you hundreds...

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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

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