The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

March 2018 Archives

IRS warns: you still owe taxes on cryptocurrency.

You may have heard the term “cryptocurrency” being thrown around in recent years. If you’re one of the early adopters of this digital currency transaction technology—e.g., Bitcoin, Ethereum, Litecoin—then this notice applies to you: The IRS has issued a reminder that although this type of currency may be virtual, it’s still traceable—and you still owe taxes on such income.

The new tax laws: Considerations for nonprofits

American nonprofit organizations will foray into mostly uncharted territory this year thanks to the new tax laws that may significantly impact a variety of nonprofits. Here is a breakdown of a few of the main provisions of the bill and its possible impact on a nonprofit’s capacity to do good.

Relocating? You may be able to deduct your moving expenses.

Moving to a new home can be time-consuming, exhausting and expensive. However, many people don’t realize that when they relocate, they may be able to deduct their moving expenses on their tax return. Depending on how much your move cost, this deduction could spell significant savings.

Do I need to file a tax return for a loved one who passed away?

When someone close to you passes away, there are an overwhelming number of emotions and responsibilities to contend with. Probably the last thing on your mind is the decedent’s income tax obligations. However, it’s important to know that an income tax return must still be filed for this person.

Some tax filing mistakes could increase audit risk

Almost everyone in Georgia has an obligation to file tax returns. Unfortunately, organizing the paperwork involved is almost as unpleasant as paying. Despite the challenges of preparing tax returns, people need to be thorough and have documentation to support their income and deductions. A variety of mistakes, such as rushing or approximating figures, could raise red flags that trigger an audit by the Internal Revenue Service.

Taxpayers more likely to be audited than statistics indicate

Georgia taxpayers may be under the impression that the Internal Revenue Service conducts audits on only a tiny number of tax returns each year. However, according to H&R Block, the number may be significantly higher than commonly reported statistics indicate.

Married couples could benefit from filing separate tax returns.

If you’re like the vast majority of Americans, when you got married, you and your spouse started filing a joint tax return without giving it a second thought. While there’s nothing wrong with this, under certain circumstances, filing separately can actually earn you a bigger refund.

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The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Office Location

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