by James Wade | Aug 4, 2021 | Income Taxes, IRS, IRS Back Taxes, Taxpayers
IRS Installment Agreements – Is it Right for You? Often taxpayers in trouble are unable to pay what they owe immediately. So, what do you do? Luckily, there are ways to break down payments into something more manageable. The IRS offers payment plans that allows the...
by James Wade | Jun 30, 2021 | Income Taxes, IRS, IRS Offer-in-Compromise, Offers in Compromise, Tax Controversies, Taxpayers
But I Don’t Owe This! When to Use a “Doubt as to Liability” Offer in Compromise It may sound to good to be true, but if you feel you do not owe some part of your tax debt, you can raise your concerns to the IRS. This is called a doubt as to liability offer in...
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 | Jul 6, 2020 | Income Taxes, IRS, IRS Back Taxes, Taxpayers
Podcast Episode 11: Can’t Pay Your Taxes? What to Do. In this episode, Jerrod Oltmann and I discuss what your options are if you can’t pay your taxes on July 15th....
