Filing an annual tax return allows someone to verify that they have paid a sufficient amount in income taxes. The Internal Revenue Service (IRS) reviews information provided by employers and financial institutions when verifying the tax returns submitted by...
Some people wait until the day that the Internal Revenue Service (IRS) stops accepting tax returns to file their annual paperwork. Occasionally, those last-minute filings will come with a surprise balance due. Most employed adults tend to receive a refund when they...
Taxes are something everyone in Georgia and the U.S has to deal with at one point in his or her life. Although many individuals won't have an issue paying their taxes, other people may not have such a positive outcome. Plenty of reasons exist as to why someone could...
If an individual in Georgia owes back taxes to the IRS, they should pay off the taxes as soon as possible because late bills will incur increased interest in penalties. Here's how individuals can find out if they owe money to the IRS. How do people know if they owe...
You finish filing your income tax return, when you're met with a harsh surprise: you owe more than you'd expected. A lot more. In fact, you're not sure how you're going to pay it. What do you do? Fortunately, the IRS has created some options for tax payers in your...
You’ve had enough of Atlanta’s unpredictable winter weather. The rain, the ice, the blizzards the shut the city down for days… you’ve decided it’s time for a change of pace. You’ve booked yourself a condo in the Bahamas, and...
If you receive a Notice of Federal Tax Lien in the mail, do not throw it away. This letter is the IRS's way of letting you know that they mean business. Here's how it works:If you neglect to pay your taxes, the IRS will create a balance due. They will then send you a...
If you are the target of a tax lien by the IRS, there are a lot of things you need to be concerned about. First is the question of how you will resolve the issue. Second is how you ensure that the record of the action doesn't continue to haunt you long after the...
Many of our readers have probably heard of Bitcoin and other forms of cryptocurrency such as Litecoin and Ethereum. For those who haven't heard of it, Bitcoin is a form of digital payment system in which transactions take place directly between users of the currency....
Previously, we began looking at a California tax dispute involving the issue of residency. As we noted last time, residency can be a complicated topic in tax disputes, particularly when an individual maintains multiple homes across the country. For those who do own...
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