by James Wade | Jul 10, 2015 | Uncategorized
Two recent Tax Court opinions highlight the danger of ignoring the Internal Revenue Code 71 when handling spousal support issues. Christina Mehriary v. Commissioner, T.C. Memo 2015-126, issued July 9, 2015 Taxpayer tried to deduct the transfer of the home she was...
by James Wade | Jun 17, 2015 | Uncategorized
In Devy v. Commissioner, T.C. Memo. 2015-110, a recent tax court opinion, Mr. Devy found out the hard way that his trust in his tax preparer, aptly named Tax Whiz, was misplaced. Tax Whiz prepared his return and claimed for him an education credit of $2,500. After...
by James Wade | May 5, 2015 | Uncategorized
With the recent disaster in Nepal people around the world are making donations to help the recovery effort. Sadly times like these draw scam artists who will form fake charities to take money from the unaware. If you are considering making a donation, whether for...
by James Wade | Jan 13, 2015 | Uncategorized
For the 2014 tax filing season, the Social Security Administration (SSA) has agreed not to seize an individual’s tax refunds to pay back old debts. Since 2008, the SSA has been able to have the Treasury Department seize federal payments to someone who owes a...
by James Wade | Nov 18, 2013 | Uncategorized
I have established this blog to provide information that I hope I helpful, informative, and sometimes irreverently humorous. Please enjoy! James D. Wade, Esq. Beacon Tax Advocates, LLC 57 Portland Road, Ste. 3 Kennebunk, ME 04043 207-502-7181...
