by James Wade | Jun 1, 2021 | Criminal Matters, Fraud & Scams, Income Taxes, IRS, IRS Penalties, Tax Controversies, Tax Evasion, Tax Fraud, Uncategorized
Confidential informants and whistleblowing: Making Money by helping the IRS! What is the IRS Whistleblower Program? Believe it or not, the IRS has a program set up to reward taxpayers who to inform the IRS about other taxpayer’s tax fraud or tax evasion. That’s...
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 | Feb 6, 2020 | Income Taxes, IRS, IRS Back Taxes, Offers in Compromise, Tax Controversies, Uncategorized
IRS Final Notice of Intent to Levy. Now What? In my prior post, I described how the IRS bills taxpayers. One of those dreaded letters is the final notice of intent to levy. If you see the following line on your IRS notice, sit up and take notice: Intent to seize your...
by James Wade | Feb 27, 2017 | Uncategorized
When dealing the the U.S. Government, you have rights such as the right against unreasonable search and seizure and the right to free speech as guaranteed by the Bill of Rights. Dealing with the IRS is no different but in addition to the rights guaranteed to you by...
by James Wade | Jan 24, 2017 | Uncategorized
Good question. On average you have less than a one percent chance, as an individual, of being audited by the IRS. Don’t get complacent though, that figure is only part of the story. Only when you crunch the numbers does a more nuanced picture emerge regarding...
by James Wade | Aug 14, 2015 | Uncategorized
Beck v. Commissioner, T.C. Memo. 2015-149 Filed August 10, 2015. Certain states may have legalized medical marijuana but Federal law still lists it as a controlled substance. This means that medical marijuana dispensaries are still subject to punitive rules that apply...