by James Wade | Mar 27, 2017 | Fraud & Scams, Tax Fraud, Taxpayers
Identity theft and tax refunds are big business for fraudsters. To give you an idea of the scope of this problem, in 2015, from January through November, the IRS rejected or suspended the processing of 4.8 million suspicious returns – the refunds claimed on...
by James Wade | Feb 13, 2017 | Income Taxes, Taxpayers
If you owe money to the IRS, you face possible seizure of your assets such as wage garnishment or a bank levy. In some rare cases, the IRS can even foreclose on your home. This post is intended to give you some basic knowledge of what an IRS levy is and what you can...
by James Wade | Jan 12, 2017 | Tax Credits, Tax Deductions, Taxpayers
Children are a blessing and a curse (and not the least bit cheap!). It is nice to know that the Internal Revenue Code at least acknowledges your pain and provides some tax benefits to make raising a child more affordable. Now if only the IRS could make it easier to...
by James Wade | Dec 27, 2016 | Charitable Giving, Income Taxes, Tax Deductions, Taxpayers
Give and you shall receive, as the saying goes. If you are considering a year-end gift of money or property to a worthy charity, here are some tips on maximizing your charitable tax deduction: Keep good records! Regardless of the amount of money given, meaning from...
by James Wade | Oct 13, 2015 | Income Taxes, Nondischargeable Debts, Tax Controversies, Taxpayers
In Re Giacchi, on appeal to the District Court E.D. of Pennsylvania Good question. The answer can mean a great deal to a debtor trying to discharge a stale tax debt. Mr. Giacchi, hailing from Pennsylvania, sought out bankruptcy protection to try and discharge several...
