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 | Mar 18, 2021 | Divorce, Income Taxes, IRS, Marriage, Tax Credits, Tax Deductions, Taxpayers
Married Filing Separately- Here’s What You Need to Know Marriage can bring about the merging of responsibilities for a couple including combining accounts and assets. However, couples may find that some “separation” might be the best bet for them. This can be true in...
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 | Nov 22, 2020 | Divorce, Income Taxes, Innocent Spouse Relief, IRS
Innocent Spouse Relief – What is Required? In my previous post, I discussed innocent spouse relief in broad outlines. In this post, I explain what are the foundational requirements. Innocent spouse relief is not granted merely for convenience or a matter of...
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...