Tax Season 2023 - Five Tips from a Tax Attorney on How to Avoid Problems In this video, Attorney Wade discusses how to avoid five big traps that can cause trouble with the IRS. Contact Us I am Maine’s IRS Problem Solver. My firm helps Maine taxpayers in trouble. If you or someone you know in … [Read more...]
Better Keep Those Tax Records Handy
Don't Be Too Quick to Toss Old Tax Records I was asked to assist with an appeal of an IRS examination of a real estate investor. One of the big issues was that the IRS denied $500k in losses from prior years outside the audit. In case you are curious, the taxpayer was hit hard, like most people, … [Read more...]
Married Filing Separately- Here’s What You Need to Know
Married Filing Separately- Here’s What You Need to Know Marriage can bring about the merging of responsibilities for a couple including combining accounts and assets. However, couples may find that some “separation” might be the best bet for them. This can be true in the case of filing taxes. … [Read more...]
New Parent? Here are Five Tax Benefits Children Bring to Your Life…Besides Diapers and Sleepless Nights.
Children are a blessing and a curse (and not the least bit cheap!). It is nice to know that the Internal Revenue Code at least acknowledges your pain and provides some tax benefits to make raising a child more affordable. Now if only the IRS could make it easier to raise a child... Here are five … [Read more...]
Tax Tips for Year-End Charitable Giving
Give and you shall receive, as the saying goes. If you are considering a year-end gift of money or property to a worthy charity, here are some tips on maximizing your charitable tax deduction: Keep good records! Regardless of the amount of money given, meaning from dollar $1 up, the taxpayer … [Read more...]
