The Peck Group, LC
Free 30 minute telephone consultation
770-884-6914 / email us E-mail Maps
Practice Areas

Audits Archives

Tax reform must account for gig economy, say experts

What will tax reform look like? That is a major question swirling in the political air in Georgia and every other state of the nation. No one in a position of making such policy is willing to provide much in the way of clarity on the subject. They apparently want to keep their options open. Who can blame them? No matter what action follows, someone will be upset. There is one thing that analysts say law and policy makers should try to keep top of mind – the gig economy.

Got your side hustle on? Are you paying the taxes?

According to a recent survey, over a quarter of all Americans are working a job in the gig economy but not declaring it on their taxes. That's around 69.8 million people and about $214.6 billion in tax revenue going undeclared.

Work with experienced legal counsel to address issues with charitable donation deductions

Last time, we mentioned a legislative proposal that would make significant changes to tax law, changes that are very likely to have a significant negative impact on charitable giving. It isn’t clear yet how far the proposal will advance—there are certainly opponents—but if it does, the effects could be widespread, hitting nonprofit organizations hard.

Tax proposal could significantly reduce charitable giving

Charitable giving is something many people do in order to support a cause they believe in or to help those in need. For some people, charitable giving is sporadic or occasional, while others give regularly on an annual basis. However people give, one of the benefits of giving is that donations are tax-deductible. Tax deduction is only worth it, though, if taxpayers’ deductions exceed the standard deduction.

Corporations: work with an experienced attorney in IRS audits

For businesses, correct and timely filing of taxes is an important, ongoing task. Different businesses are, of course, taxed different ways, and it important for every business to establish policies and procedures for documenting tax-related matters and for correctly completing filings on time.

4 common mistakes to avoid when it comes to your personal taxes

A common saying is that the only two things you can count on in life are death and taxes. While this is true, you should not pay more than the law requires when it comes to your personal taxes. Many filers miss exemptions and deductions because tax law is so complicated, and they end up paying more than they should.

A third form of tax relief for erroneous joint returns: equitable relief

In recent posts, we’ve been looking at potential avenues of relief available to spouses who come under IRS investigation based on a discrepancy in a tax filing. As we’ve noted, innocent spouse relief and separation of liability are exceptions to the general rule that spouses are both fully liable for misstatements on joint tax returns, but these forms of relief are only available when certain conditions are met.

What is the difference between tax fraud and tax negligence, and why does it matter? P.3

We’ve been looking in recent posts at the difference between tax fraud and negligence, and emphasizing the importance of taxpayers working with an experienced attorney when the IRS decides to investigate reporting discrepancies.

Talk to an Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

contact us via email

Contact Us

5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Law Office Map

back to top
The Peck Group, LC

Serving You

Located in Atlanta, The Peck Group, LC, represents clients nationwide. Regionally, we are committed to serving clients in Fulton County and throughout the state of Georgia.