Ah, the wonders of financial documentation… Today’s topic has the benefit of ensuring your Wilmington “financial fortress” is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Wilmington Taxpayers “You get older and you learn there is one sentence, just four words long, and if you can say… Read More

Owing money to the IRS isn’t so bad. Say what now? Yep, that’s right. It’s not such a terrible thing. Well … as long as you’re broke, that is. Because if you have significant income or assets, the IRS is going to do everything they can to squeeze every last dime out of you. (Unless you… Read More

Getting answers from the IRS about tax debts is a HUGE issue for regular Wilmington taxpayers. (Not to mention a little nerve-wracking.) This might be a note to save … because I’m going to share with you the best way to find out “what’s what” with your tax file WITHOUT creating unwanted attention. Here’s the… Read More

You see that piece of mail in your mailbox with the IRS letterhead, and the fear of an IRS audit kicks in. (Unless, of course, you’ve “been there, done that”, and you had us on your side). But the natural fear of what the IRS might be wanting to tell you (the dreaded audit!) can… Read More

I’m guessing tax season isn’t exactly at the front of your mind every day. But it should be! (At least in the top five things at the front of your mind.) Because as long as you’re getting paid by someone or something, taxes don’t stop. And when it comes to getting your taxes together, who is… Read More

Stress. Anxiety. Unease. Worry. And a pinch of aggravation just to round it all out. No, I’m not talking about the next federal tax deadline. Or am I? For millions of Americans every year (including all of us Wilmington folks), the tax filing deadline points to a much bigger issue. An issue so pervasive that… Read More

Every year, the IRS charges tax debtors a boatload of penalties (and it’s enough to have you screaming for penalty relief). Just how much? If you’re a Wilmington resident and you owe taxes, you should definitely take a look… To put this in perspective, the IRS budget for 2021 is about $12 billion. That means… Read More

The unfortunate reality is that if you have an unfiled tax return — even if you don’t owe any taxes that year — there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but each state has various consequences… Read More