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- Mike Wellman
Tax Planning/Expert Profile
Expertise
I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size. I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All others will be rejected as "outside my expertise". Visit http://www.irsos.com for information on IRS problems.
Experience in the area
Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
Publications
New York Times, Wall Street Journal, You Money Magazine
Education/Credentials
BBA, Baylor University.
Awards and Honors
My website http://www.IRSOS.com won the Knowledgeweb award for educational excellence for content.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Barbara | 09/20/11 | 10 | 10 | 10 | Thank you so much for your quick ..... |
| Michele | 04/22/10 | 10 | 10 | 10 | Thanx! |
| Andre | 12/30/09 | 10 | 10 | 10 | Wow! Amazingly fast response. I received an ..... |
| Cesar | 08/11/09 | 10 | 10 | 10 | Super quick and excellent answer. Thank you! |
| James | 07/07/09 | 10 | 10 | 10 |
Recent Answers from Mike Wellman
2011-09-20 Can't pay my taxes:
No, the penalty for early withdrawal will be $255. You will owe taxes on it in addition. Without knowing your situation, I can't tell you what those taxes would be but they could be another 10 to 15%.
2009-07-07 back taxes owed after getting refund from irs:
Here is the problem. If you have a refund for one year and a balance due for another, theoretically they should be netted and you sent the difference. In your case, they essentially issued a refund for
2009-01-25 Independant contractor:
You must report it. You use Schedule C, which is filed with your 1040. You should also ask them to give you a 1099 since they are required to send you one, but it is not required for you to file. For information
2008-06-25 Taxes:
If he owes no tax, he will owe no penalties. If he does, he will have a failure to file penalty of 5% per month up to a max of 25%. He will have a failure to pay penalty of 1/2 per month up to a max of
2008-01-08 Social Security Income:
Your earnings will not affect her social security benefits. Her SS should be reported and portion of her earnings could be taxable. Without knowing what your earnings are, I can't be specific. If she files
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