by James Wade | Oct 26, 2016 | Alimony, Divorce, Income Taxes, Innocent Spouse Relief, Property Settlement
Divorce is tough. No doubt about it. So avoiding more bad news is probably a good idea. While I can’t make divorce any easier here are some tips on avoiding tax troubles in your divorce: 1. Filing a joint return in your final year of marriage. The instinct that...
by James Wade | Jul 9, 2015 | George Lawrence Starke, Hail Mary, NFL, Tax Court Litigation
George Lawrence Starke v. Commissioner T.C. Summary Opinion 2015-40, Filed July 7, 2015 George Starke had an illustrious career in the NFL. During his time with the Redskins, he went to three Superbowls, including the Redskins 27-17 win over the Dolphins in 1983....
by James Wade | Feb 22, 2015 | Income Taxes, Tax Controversies
As a tax attorney I often hear the lament, “I can’t file my taxes because I don’t have the money!” Not having the money to pay your taxes is not great but IRS stormtroopers are not going to flood into your home to carry you off to some black...
by James Wade | Feb 2, 2015 | Income Taxes
This one taxpayer mistake is so simple and sadly so common that taxpayers who make it should kick themselves. Here it is: read your IRS notice. If you receive a notice from the IRS, read it. It’s that simple. Throwing the notice into a pile of other papers,...
by James Wade | Jan 18, 2015 | Income Taxes, Tax Controversies
T.C. Memo. 2015-1 Tulane Meredith Peterson v. Commissioner of Internal Revenue (Issued January 5, 2015) The Story Arcadia, California resident Tulane Peterson loved to fly. While licensed as an attorney since 1997, his first true and abiding love was flying; by the...