Audits

The IRS audits thousands of Georgia business owners each year. Knowing what draws scrutiny can help you file with confidence. Unreported income raises immediate red flags Every institution that pays your business reports that income to the IRS. The agency then matches...

Individuals and small business owners expect their annual income tax headaches to end after the submission of their federal return. The Internal Revenue Service (IRS) processes the return and accepts their payment or issues a refund check, if one is necessary....

Most people believe only high earners face a tax audit. However, the IRS uses automated systems to flag anomalies on any return. If your filing looks different from the norm, it may trigger a manual review. Understanding these triggers helps you prepare for potential...

  United States taxpayers with financial ties outside the country face heightened reporting obligations. A failure to disclose certain foreign assets can create audit risk because federal reporting systems allow cross matching of third-party data, treaty-based...

Many Georgia business owners assume that IRS audits only target income tax returns or large corporations. However, payroll tax errors are one of the most common triggers for a vigorous investigation into small and mid-sized businesses. Understanding the current...

Imagine you open your mailbox to find an envelope marked with the IRS seal. Your heart races as you wonder if you did something wrong on your taxes. Did you make a mistake on your form, or something more significant? Anyone in this situation can benefit from a basic...

The Internal Revenue Service (IRS) has consistently called out high-income earners for tax compliance issues, particularly those with assets and accounts beyond U.S. borders. This focus aims to minimize tax evasion and ensure that taxpayers contribute their fair...

Tax laws are complex, and mistakes can happen. Receiving a mailing from the Internal Revenue Service (IRS) can lead to all sorts of questions, ranging from how much I owe to whether I could go to jail. It is important for any taxpayer who receives notification of a...

Paying income taxes is part of life in the United States. Even those who only have part-time jobs are generally required to contribute to federal and state tax programs. Once a year, taxpayers need to file a tax return reporting their income and household...

Filing your taxes is an annual obligation, likely even with you have barely earned any money. If you are an independent contractor, you may also have to spend quarterly estimated tax payments in addition to filing an annual return. Small mistakes can put anyone at...