Some states, such as Georgia, have their own policies when it comes to personal income tax. This means that Georgia residents, as well as non-resident individuals who have property or business in the state from which they gain income, must file personal income taxes...
Paying tax debts sometimes proves challenging. A Georgia taxpayer might owe a significant amount of money and does not pay the IRS when the agency attempts to collect. Sometimes, the IRS may respond with a federal tax lien. Anyone dealing facing threats of a lien for...
This year, you worked hard to provide for your family. As an independent contractor, you were proud that you were able to earn the kind of income you wanted in your own time and on your own schedule. When tax time came around, you were shocked by what you found you...
Even in our uncertain economic times, Atlanta remains a booming city in the southeast. As such, Atlanta lures many workers from other areas of the country. There are many individuals who are residents of other states who earn a significant amount of their wages here...
Parents in Georgia and throughout the country who share custody of their children may be unsure as to who gets to claim them as a dependent. While taxpayers aren't allowed to obtain exemptions for their dependents until at least 2025, dependent tax credits are still...
Although bitcoin and other cryptocurrencies are gaining popularity throughout the world, some Georgia residents who deal in crypto could be confused about how to file their taxes. Also, CPAs may not be as knowledgeable on the latest IRS rules concerning them,...
Georgia residents who owe less than $1 million in income taxes will have until July 15 to file their most recent tax returns. Corporations that owe less than $10 million will also get an extra 90 days to file a return and pay their income taxes. However, those who are...
The IRS has proposed new regulations on how to deduct business expenses under the Tax Cuts and Jobs Act (TCJA), which added some restrictions and limitations. Previously, taxpayers could deduct 50% of all entertainment, amusement, or recreation expenses as long as...
In theory, conservation easements are a benefit to the public. When a landowner donates land to the government or a land trust for conservation purposes, they can deduct the value of that land from their taxes. This potentially contributes new land to public use and...
Are you expecting a holiday gift or bonus? If so, terrific. You should be aware, however, that gifts and bonuses are taxable as income. Even if your employer specifically states that you're receiving a gift, the IRS won't treat that present as an actual gift but...
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