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....
by James Wade | Jun 26, 2020 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers, Unfiled Taxes
Podcast Episode 10: Tax Preparers Gone Wild In this episode, Jerrod Oltmann and I discuss tax preparers gone wild or tax preparers who either fail to file a return themselves or help their clients to avoid paying their taxes....
by James Wade | May 8, 2020 | IRS, IRS Back Taxes, IRS Offer-in-Compromise, Taxpayers
How Much Do I Offer to Qualify for an IRS Offer-in-Compromise? This post is a continuation of a series on the IRS offer-in-compromise program. Click here and here to read about the OIC process and programs. In this post, I am going to get right to the heart of it. How...
by James Wade | Mar 26, 2020 | IRS, IRS Back Taxes, Offers in Compromise, Tax Controversies, Taxpayers
The Three Types of IRS Offer-in-Compromise Programs I have previously introduced what an IRS offer-in-compromise is (for more detail on the basics click here). Briefly, an IRS offer-in-compromise is a legally binding contract between the taxpayer and the IRS to settle...
by James Wade | Mar 9, 2020 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
How the IRS Offer-In-Compromise Process Works Before discussing the IRS offer-in-compromise process (or “OIC”), it is helpful to briefly tell you what an offer-in-compromise does. A taxpayer who has a large tax debt which cannot be paid off using either...
