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...
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...
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...
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...
by James Wade | Jan 13, 2020 | IRS, IRS Back Taxes, IRS Penalties, Taxpayers
Why You Should File Your Taxes on Time Even if You Can’t Pay The IRS just announced that January 27, 2020 will be the official start of tax season for individuals. I consider it important to remind people that if you cannot pay your taxes, don’t panic, just make...