Last year, the Tax Cuts and Jobs Act made dramatic revisions the rates of business taxes. Notably, it cut the top tax rate for C corporations from 35 percent to a mere 21 percent, and gave S corporations a 20 percent tax deduction. This change has prompted some...
In last week’s post, we discussed how the Tax Cuts and Jobs Act (TCJA) can drastically change the impact of taxpayers’ paycheck withholding. This week, we take a closer look at how this new legislation impacts taxpayers with dependents.Anytime you start a...
Anytime you start a new job, you submit a W-4 form to your employer. This form details the number of allowances you elect, which in turn impacts how much money is taken out of each paycheck to go towards your income taxes. As we discussed in a previous post, if you...
Your first day at a new job is often a flurry of activity. You’re going through orientation, you’re taking diligent notes and you’re trying to remember every new thing you learn.Then your employer hands you a W-4 form to complete. Your eyes start to...
In the Atlanta metro as well as across the state, long wait lists at the best day care locations and Montessori preschools are normal. When expecting there is time to get on wait lists, but if relocating quality child care may be more difficult than finding a new...
In 2015, a provision tucked into the Fixing America’s Surface Transportation Act (FAST Act) added another IRS enforcement tool. The IRS was authorized to work with the State Department to deny or revoke U.S. passports.Who is affected? American taxpayers who owe...
Ever since the South Dakota vs. Wayfair decision, state governments are debating and legislating about how to comply with the ruling. While some states have solidified their positions on the issue, other state governing bodies, such as Georgia’s, have a taxation...
Tax problems can have many significant ramifications for a person. For one, they could lead to tax penalties. There are a range of different things the Internal Revenue Service can issue penalties for. Today, we will go over some of the more common ones.For one,...
There are many people with federal tax debts here in the United States. According to the Internal Revenue Service, overall, there is currently around $458 billion in back taxes owed to the federal government.The IRS can be very aggressive in its efforts to collect...
Sales tax holidays are a strategy used by states to incentivize back-to-school shopping while also giving consumers a break from some added charges. Some nearby states hold annual sales tax holidays leading up to the new school year, but consumers in Georgia need to...
Our services are confidential and are protected under the attorney-client privilege as allowed by law.