Tax Compliance – The Key to Resolving Your Tax Debts

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...

3 Things You Need to Know About Back Taxes

by James Wade | Feb 22, 2018 | IRS, IRS Back Taxes, Tax Controversies, Taxpayers

Owe Back Taxes to the IRS? Here Are 3 Things You Need to Know. I know the title is a bit click-bait-y but if you are here reading this then it worked. Don’t worry, I am a man of my word and there are indeed 3 things you need to know about back taxes. These 3...

What Do All Those IRS Collection Notices Mean?

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...

7 Warning Signs Your Independent Contractor is Actually Your Employee

by James Wade | Nov 17, 2017 | Employment Tax Issues, IRS, Tax Controversies

Is your contractor really your employee? Are you potentially facing big problems from an IRS audit? Worker misclassification is a big problem for businesses who use independent contractors, especially in the construction industry. Improperly classifying employees as...

Getting Divorced? What You Need to Know About Your Unpaid Tax Liabilities.

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...

Foreign Account Reporting in a Nutshell

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...