by James Wade | Oct 18, 2022 | Income Taxes, IRS, IRS Tax Levies, Tax Controversies
IRS Tax Levies – What Are They? Tax Levies – What Are They and How Do They Compare to a Tax Lien An IRS tax levy is a legal seizure of your property by the IRS to pay down your tax debt. Do not confuse a tax levy with a tax lien. An IRS tax lien is a legal...
by James Wade | Oct 13, 2022 | Divorce, Income Taxes, IRS, Tax Controversies
Innocent Spouse Relief – 5 Traps to Avoid Transfer of Assets The first and biggest trap in regards to innocent spouse relief is receiving assets from your spouse or former spouse. In some cases, you may either be denied relief or have the amount of relief...
by James Wade | Oct 11, 2022 | Divorce, Income Taxes, IRS, Tax Controversies
Innocent Spouse versus Injured Spouse What is the Difference between Innocent and Injured Spouse We spoke a bit in an earlier blog post about innocent spouse relief. Injured spouse relief is a different kind of relief. Often confused, these two similar sounding relief...
by James Wade | Oct 6, 2022 | Divorce, Income Taxes, IRS, Tax Controversies
Innocent Spouse Relief – How Much Relief Do I Get? In my previous post, I discussed the three types of innocent spouse relief. Now, I want to talk a bit about how tax debts are allocated if you obtain relief. In some cases, it may be a better idea to use other...
by James Wade | Oct 4, 2022 | Divorce, Income Taxes, IRS, Tax Controversies
Types of Innocent Spouse Relief We talked previously about what innocent spouse is and how it works. Now we can discuss the three types of relief you can request. As you can guess by now, nothing is quite so simple when it comes to taxes. I will do my best to guide...
by James Wade | Sep 29, 2022 | Divorce, Income Taxes, IRS, Tax Controversies
Innocent Spouse Relief – When to Request Innocent Spouse Relief – Video Post When Should You Request Innocent Spouse Relief? Contact Us I am Maine’s IRS Problem Solver. My firm helps Maine taxpayers in trouble. If you or someone you know in Southern Maine...
