Anytime you start a new job, you submit a W-4 form to your employer. This form details the number of allowances you elect, which in turn impacts how much money is taken out of each paycheck to go towards your income taxes. As we discussed in a previous post, if you...
Month: August 2018
Making sense of the tax paperwork when starting a new job
Your first day at a new job is often a flurry of activity. You’re going through orientation, you’re taking diligent notes and you’re trying to remember every new thing you learn.Then your employer hands you a W-4 form to complete. Your eyes start to...
Care options for children: Do not forget nanny taxes
In the Atlanta metro as well as across the state, long wait lists at the best day care locations and Montessori preschools are normal. When expecting there is time to get on wait lists, but if relocating quality child care may be more difficult than finding a new...
Back taxes leading to passport denials
In 2015, a provision tucked into the Fixing America’s Surface Transportation Act (FAST Act) added another IRS enforcement tool. The IRS was authorized to work with the State Department to deny or revoke U.S. passports.Who is affected? American taxpayers who owe...
Georgia, Online Sales And The Wayfair Decision
Ever since the South Dakota vs. Wayfair decision, state governments are debating and legislating about how to comply with the ruling. While some states have solidified their positions on the issue, other state governing bodies, such as Georgia’s, have a taxation...
Common IRS tax penalties
Tax problems can have many significant ramifications for a person. For one, they could lead to tax penalties. There are a range of different things the Internal Revenue Service can issue penalties for. Today, we will go over some of the more common ones.For one,...
Responding to IRS collection efforts
There are many people with federal tax debts here in the United States. According to the Internal Revenue Service, overall, there is currently around $458 billion in back taxes owed to the federal government.The IRS can be very aggressive in its efforts to collect...
Nearby states held sales tax holidays, but not Georgia
Sales tax holidays are a strategy used by states to incentivize back-to-school shopping while also giving consumers a break from some added charges. Some nearby states hold annual sales tax holidays leading up to the new school year, but consumers in Georgia need to...
3 ways to lower your property tax bill
There are many benefits to owning a home. But there are also certain responsibilities you don’t look forward to—like paying your annual property taxes. This bill can place an unwanted strain on any homeowner’s wallet.However, you may not realize that...
States sue over SALT deduction cap
The passing of the Tax Cuts and Jobs Act at the end of 2017 has had widespread impacts on taxpayers. One effect of this tax overhaul was the creation of a cap on state and local tax (SALT) deductions. The change limits the deduction taxpayers can take on state and...
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