by Matthew Wildes, JD, CPA | Sep 28, 2026 | Audit Defense, IRS Notices, Tax Resolution
In 2019, a California real estate sale produced a capital gain that was never reported correctly on the federal return. The IRS Automated Underreporter program matched that sale against the filed return, issued a CP2000, and the account eventually carried about...
by Matthew Wildes, JD, CPA | Sep 1, 2026 | Installment Agreements, Tax Resolution
Most people with an IRS payment plan or a pending Offer in Compromise treat September 15 like a routine estimated tax date. That is the wrong first question. The right first question is whether missing that payment will default the plan you already have. The third...
by Matthew Wildes, JD, CPA | Aug 14, 2026 | Tax Penalties & Relief
When a tax balance goes unpaid, the IRS does not simply hold the number steady while collection proceedings unfold. Interest begins accruing the day after the original filing deadline, it compounds every single day, and it applies not just to the unpaid tax but to any...
by Matthew Wildes, JD, CPA | Aug 5, 2026 | Audit Defense
A tax audit, whether from the IRS or the Minnesota Department of Revenue, is not a conversation. It is a formal legal proceeding with statutory deadlines, evidentiary rules, and a burden of proof that sits squarely on you, the taxpayer. The best thing you can do when...
by Matthew Wildes, JD, CPA | Aug 3, 2026 | Tax Resolution
Calling yourself a professional gambler on your tax return is not the same as being one. The IRS knows the difference. So does the Tax Court. The stakes for getting this wrong are high. Misclassifying gambling income and losses as Schedule C business activity instead...
