Many people found themselves facing a hefty tax bill from the IRS this year. And for some, paying the full amount up front was simply not possible. Luckily, the IRS offers repayment plan options to deal with this challenge.An IRS installment plan helps to avoid...
Atlanta Georgia Tax Law Blog
Do you qualify for a reasonable cause penalty abatement? Part 1
Living in Georgia means taxes are unavoidable. Filing all appropriate returns on time and paying what is owed is usually enough to keep most individuals off the IRS’ radar. However, if you have trouble paying your taxes, have fallen on hard times or have...
3 tax issues to watch out for in the future
Now that the flurry of tax season is over, it is time to take a look forward. While you may have gotten your taxes done with few issues that good fortune may not continue.In the current political landscape with the potential for tax code to change, it is a good idea...
What a tax lien means for your business, and how to get rid of it
Tax liens complicate both business and personal finances. Efforts to obtain new property, sell property or open new lines of credit suffer when a tax lien exists on your business assets. The first step to addressing this issue is understanding what a tax lien is....
What you can do about tax-related identity theft
Identity theft remains one of the most widespread threats to everyday people in the United States today. But while many people take steps to protect their credit card numbers, they may not know what to do about tax-related identity theft – or how it happens.One...
What is the Earned Income Tax Credit, and do I qualify?
For working-class Americans such as you, tax season can be very confusing. With all the expenses that come from everyday life, you might be worried about owing the IRS money in the end. Not knowing what your tax return will look like can be overwhelming.That’s...
Three things you can do to protect yourself in an audit
Few people enjoy filing their taxes. Even fewer look forward to the possibility of an audit. But unfortunately, anyone can find themselves randomly chosen to have their financial records pored over by the IRS or the Georgia Department of Revenue.Here are three ways...
Beware micro-captive insurance company promoters
Many honest businesses take advantage of forming their own insurance companies. Called a "captive insurance company," this arrangement is legal. It helps companies obtain insurance for a unique type of business risk that makes standard insurance either unaffordable or...
Why you may owe more in taxes this year
You gathered your documents. You filed your taxes on time – maybe even early. Only to find that you owe thousands more in taxes than you have in the past. This was the case for many who filed their taxes this spring, thanks to sweeping changes in tax law.The IRS...
What constitutes tax evasion?
If you are like many Georgians, you probably filed your tax returns weeks ago. You may already have received your refund(s). Even so, this is the time of year when most taxpayers feel just a little apprehensive about their tax returns. Did you make any mistakes? Were...
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