Audits

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...

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.Whether you're a dog walker, an Etsy...

You might have filled out your tax forms perfectly, but at least one red flag raises your chances of an IRS audit. Or perhaps you are not sure whether to record something in case it turns out to be a red flag and you have lost the documentation backing it up.Here is...

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...

A growing number of people are making a living as freelancers. In fact, a report from Forbes showed that freelancers currently make up at least 35 percent of the American workforce, and the total number of freelancers has risen to 55 million people. Many...

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...

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...

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...

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...

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.It is important for the taxpayer...