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...
by James Wade | Feb 21, 2020 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
Tax Transcripts – Why They Matter I am going to share a little inside baseball to those of you reading this post. I can, 95% of the time, know how to resolve a client’s case from reading tax transcripts. Tax transcripts are the information stored on the...
by James Wade | Jan 23, 2020 | Income Taxes, IRS, IRS Back Taxes, IRS Tax Liens, Taxpayers
What Do All These IRS Collection Letters Mean?! The IRS is the collection arm of the US Treasury. If you’ve never paid all your bills on time, you know that you will very likely get a letter asking for payment. The IRS is no different. Collection letters from...
