by James Wade | Oct 28, 2019 | Income Taxes, IRS, Tax Controversies, Taxpayers
If you IRS on the Hunt This summer the IRS issued 10,000 letters to taxpayers who it believes should have reported virtual currency sales (also called cryptocurrency). Virtual currency, in a nutshell, is a digital unit of value. So like money this virtual currency can...
by James Wade | Aug 14, 2019 | Income Taxes, IRS, IRS Back Taxes, Tax Controversies, Taxpayers
What to Do If You Cannot Pay Your Taxes?! I prepared a video, something I intend to do more of, discussing the first thing you need to understand if you cannot pay your taxes: get current. Current compliance is very important when dealing with the IRS (and Maine...
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...
