by James Wade | Nov 19, 2018 | Tax Controversies, Tax Court Litigation, Taxpayers, Winning!
A win in U.S. Tax Court saves an elderly client from an erroneous IRS assessment. Let me set the stage. I was hired by the taxpayer’s son to represent her regarding an IRS notice assessing her with $3,000 in self-employment taxes. Introduction People get...
by James Wade | Nov 7, 2018 | IRS, IRS Payroll Tax Audits, Taxpayers
If your business receives an audit notice from the IRS regarding payroll tax compliance, don’t panic. In this post I explain how the IRS conducts its payroll tax audits. Later posts will go into more details on what to expect and steps you can take to protect...
by James Wade | Jul 5, 2018 | Income Taxes, IRS, Offers in Compromise, Taxpayers
In my last blog post I talked a bit about the three types of offers-in-compromise. Offers as to doubt as to collectability make up a large majority of offers made to the IRS. The key to making a successful offer based on doubt as to collectability is the concept of...
by James Wade | Jun 25, 2018 | IRS Back Taxes, Offers in Compromise, Tax Controversies, Taxpayers
What is an Offer-in-Compromise? Offers-in-compromise are one of the most powerful tools in my arsenal to completely resolve a client’s back taxes. If you listen to the radio or watch television you must have heard ads talking about settling your tax debts for...
by James Wade | Mar 14, 2018 | Income Taxes, IRS, IRS Back Taxes, IRS Tax Liens, Tax Controversies, Taxpayers
If You Love to Travel but Owe Back Taxes Your Passport May Be at Risk. You may be aware of it but the IRS the right to suspend your passport. All it takes is a tax debt of $51,000, to included interest and penalties. Your vacation cruise or trip to Paris may come to a...
by James Wade | Mar 12, 2018 | Income Taxes, IRS, IRS Back Taxes, IRS Tax Liens, Tax Controversies, Taxpayers
How the IRS Collects Back Taxes I posted a video on my youtube channel about the IRS collection process. If you owe back taxes, you need to understand how the IRS goes about collecting it from taxpayers. As the old G.I. Joe cartoon said, “Knowing is half the...
