Estate and Gift Taxes - The Law Office of James D Wade

Gifts Can Be Taxing: Tax Consequences of Making a Gift

November 2, 2016

Gifts are a part of everyday life. Birthdays, holidays and special occasions. Who doesn't love getting gifts! This includes Uncle Sam. You may not be aware of this but when you make a gift you are engaging in a taxable transaction. This gift tax is an excise tax assessed on individuals who make a … [Read more...]

Portability in Estate Planning

September 26, 2016

Portability is a rather new concept in the world of estate planning, specifically regarding the Federal estate transfer tax. Before explaining what portability is and how it fits into your estate plan, let me explain a few things about the Federal estate and gift transfer tax system. A tax may be … [Read more...]

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Highly Recommend Jim Wade

He met personally with the IRS case agent on my behalf and was able to get an agreement for the exact plan we’d hoped for. He further recommended that we attempt to get an abatement of some of the penalties and interest, and ultimately was successful in knocking about $70,000 off the amount due. An incredible result!

Throughout the process Jim proved incredibly knowledgeable and adept at dealing with the IRS. I’m certain that his cooperative and conciliatory demeanor contributed to my case’s being settled through easy and early negotiations.

Jim Wade will be by your side!

Jim always was incredibly easy to reach with any questions or concerns, and kept me and my family up-to-date at each step in the case. His help extended, though, beyond just dealing with the narrow issue of the unpaid taxes.

He additionally guided me on steps to take, including a referral of reputable accountants, to avoid future tax issues. I had the feeling throughout the whole process that Jim really cared about our case and us individually, and the incredible results certainly confirm that.

Jim will be my first contact if I ever need legal services again, as I know he’ll give me the guidance I need whether it’s strictly within his field of expertise or not. He’s a fantastic attorney and person.

Worth every penny!

D.T., Clients from York County, ME

My husband and I were thrilled with our experience with James Wade. From the first phone call, he was kind, knowledgeable, and compassionate towards our financial situation.

James was efficient in explaining the procedure and was readily available when we had questions. If he didn’t answer right away, there was always a call back or an email soon after.

James was worth every penny and now we can have a fresh financial start. We can’t thank him enough! With the overwhelming and complicated paperwork, you want to hire James to get the job done right.

An incredible result!

David G., a tax resolution client from Falmouth, ME

I engaged Jim Wade earlier in 2018 to represent me in an IRS collection case arising out of several years of unpaid personal federal taxes, and was impressed by his professionalism, knowledge of tax laws, and experience in representing taxpayers before the IRS.

At our first meeting he explained clearly the IRS collection process and recommended a number of steps I should take to put our position in the best possible light. He worked closely with me to gather all necessary information and formulate an offer of a repayment plan for the nearly $360,000 I owed in unpaid taxes, penalties, and interest.

Extremely Helpful!

This attorney was extremely helpful in guiding us through the process from beginning to end. He was patient and kind and when I did not know where to find information needed he lead me to right place. I could not have asked for a better person to assist us during our own difficult times.

Excellent

D.R., a prospective tax planning client from Fryeburg ME

Answered questions. Very receptive. Will see him in the future.

Amazing Lawyer

R.C., a client from Robbinston, ME who filed for innocent spouse relief with the IRS

I had no problems or had to worry about anything. My case was taken care of with out any problems. Any questions I had was answered quickly and explained thoroughly, and as little as I know about taxes there were a lot of questions. Highly recommend Mr. Wade!

Jim is Amazing

Will P., a client from Westbrook, ME

Jim is amazing. His attention to detail is unmatched. Jim will do whatever it takes to insure a positive outcome. His knowledge and experience are two of his biggest assets for helping clients. In a day where communication is often a strain, Jim breaks down that barrier and kept us informed at all times.

After our first meeting with Jim, we knew we had made the right choice for our needs. Jim leaves nothing to chance and is relentless towards achieving the desired result. The world needs more lawyers like Jim Wade.

Recommended to anyone with tax issues!

Heather C., an IRS Resolution client from Monmouth, ME

My husband and I were looking to qualify for an offer in compromise with the IRS to pay off taxes that we owed. We hired Mr. Wade for a very fair price. After he investigated and crunched the numbers in every way possible to help us, he concluded that we would not qualify.

His commitment to helping us did not end there. He continued to work with us to pay off our taxes, offering his expert advice. He answered all our questions thoroughly and continued to help us see this through to the end.

We are very grateful for all of his hard work, his knowledge in tax law, and his full commitment to us as his clients. I would recommend his firm to anyone who needs help in taking care of and resolving any tax issues they may have no matter how big or small.

Don’t settle for second best. Call us today at (207) 502-7181

The Law Office of James D Wade
57 Portland Road, Unit 3
Kennebunk, ME 04043
Phone: (207) 502-7181

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