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Tax Planning/Expert Profile

Mike Wellman

U.S.

On Vacation
returns 12/01/2009

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 referred to the question pool.

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

User	Date	K	C	T	P	Comments
Cesar	08/11/09	10	10	10	10	Super quick and excellent answer. Thank you!
James	07/07/09	10	10	10	10
shari	01/25/09	10	10	10	10	Thanks Mike.
Jodi	06/25/08	10	10	10	10	Thanks so much!!! I 'll be sure .....
Terry	01/24/08	10	10	10	10	Not the answer that i wanted, but .....

Recent Answers from Mike Wellman

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

2007-12-19 Rental property & mortgage interest exp under joint co-owners:

In order to deduct mortgage interest, the following conditions must be met: (1) You must own (or co-own) the property, (2) You must actually make the payments, and (3) You must be obligated on the

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