If you are a high-income taxpayer in Georgia, you need to be aware that the IRS has plans to audit more returns from upper tax brackets. While most of the audits do occur on tax returns of the wealthy, the IRS has not performed nearly as many audits as it did in...
IRS
What to know about IRS installment plans
Individuals in Georgia who can't afford to pay an income tax bill on time are often eligible for an installment plan. Taxpayers may be able to choose how much they want to pay each month or allow the IRS to determine their minimum monthly payment. In most cases, an...
Beware of scams: Don’t give personal information to ‘the IRS’
The IRS already has all the information it needs to collect tax debts and issue stimulus payments. It has no need to contact you for additional info -- and if it were to contact you, it would do so by mail. Don’t be fooled if someone claiming to be the IRS contacts...
The IRS wants to stop cryptocurrency tax evasion
Those who make a profit from cryptocurrency transactions generally need to pay taxes on their gains. However, the government has historically had trouble keeping track of how much a taxpayer may have earned trading or mining digital currencies in a given year....
Would the IRS send a letter saying you may deserve a tax credit?
You’ve received a letter—seemingly from the IRS—stating that you may qualify for an additional tax credit. In this age of heightened concerns surrounding identity theft, you’re suspicious about the letter’s legitimacy. Would the IRS...
Clearing up the myth that filing your tax return is voluntary
Despite strong evidence to the contrary, many people in the United States have a belief that they are not actually required by law to file their income tax returns. In recent American history, many pacifists have refused to pay their taxes as a form of conscientious...
How do you know you have an honest tax preparer?
You may think all tax preparers are created equal. That would be a dangerous assumption to make. There are dishonest tax preparers out there, and if your highly sensitive information gets into their hands, it could spell real trouble for you. Dishonest tax preparers...
Supreme Court case could mean lower penalties for tax evaders
A new case brought to the U.S. Supreme Court last month has the potential to change the definition of tax obstruction—which could result in more lenient penalties for people convicted of tax evasion.The case—Marinello v. United States—addresses the...
Filing reminder for employers: earlier W-2 deadline
It was last year at about this time that the Protecting Americans from Tax Hikes (PATH) Act went into effect, which, among other new regulations, changed the deadline by which employers must send copies of their W-2 forms to the Social Security Administration.Under...
How to avoid delays in getting your tax refund
You thought you did everything right. You gathered all of your necessary tax documentation as soon as it became available and filed your taxes early. Now you’re sitting around waiting for a refund check, which you thought should have arrived by now. It could be...
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