by Matthew Wildes, JD, CPA | Aug 5, 2026 | Audit Defense
Read Time:5 Minute, 22 Second 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....
by Matthew Wildes, JD, CPA | Aug 3, 2026 | Tax Resolution
Read Time:5 Minute, 48 Second 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...
by Matthew Wildes, JD, CPA | Jul 29, 2026 | Tax Resolution
Read Time:10 Minute, 8 Second Business owners face two distinct federal tax obligations that run on separate tracks, follow different rules, and carry different consequences when they go unpaid. Conflating them is one of the most expensive mistakes we see. Payroll tax...
by Matthew Wildes, JD, CPA | Jul 27, 2026 | Tax Resolution
Read Time:4 Minute, 49 Second Most people who contact a tax resolution firm want to know one thing: what will it cost to make this go away? That is the wrong first question. The right first question is: what does the government actually claim you owe, and is that...
by Matthew Wildes, JD, CPA | Jul 23, 2026 | Tax Penalties & Relief
Read Time:8 Minute, 21 Second The IRS underpayment penalty applies when you have not paid enough tax throughout the year through withholding or estimated payments. It is not a late-filing penalty. It is not a failure-to-pay penalty. It is a separate charge under IRC...
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