Receiving a notice from the Internal Revenue Service (IRS) is a stressful experience. Even people who make a good-faith effort to pay their taxes in full and on time may end up owing money due to claiming the wrong exemptions or facing other income tax controversies....
Atlanta Georgia Tax Law Blog
5 surprising reasons the IRS may flag your tax return
Most people believe only high earners face a tax audit. However, the IRS uses automated systems to flag anomalies on any return. If your filing looks different from the norm, it may trigger a manual review. Understanding these triggers helps you prepare for potential...
4 ways to resolve a tax lien
A federal tax lien is a public notice that the government has a legal claim against your property due to unpaid debt. This notice can severely damage your credit and make it nearly impossible to sell or refinance your home. Fortunately, several established legal...
Foreign assets, reporting, and tax audits: Three things to know
United States taxpayers with financial ties outside the country face heightened reporting obligations. A failure to disclose certain foreign assets can create audit risk because federal reporting systems allow cross matching of third-party data, treaty-based...
Can the IRS audit your business for payroll tax errors?
Many Georgia business owners assume that IRS audits only target income tax returns or large corporations. However, payroll tax errors are one of the most common triggers for a vigorous investigation into small and mid-sized businesses. Understanding the current...
The OBBB Act and your 2025 tax return
The One Big Beautiful Bill (OBBB) Act introduced several significant changes for this filing season. Many taxpayers in Georgia are just now discovering how these new rules affect their bottom line. Understanding these shifts is the best way to protect your financial...
What happens if taxpayers forget to report income or assets?
Filing an income tax return is an annual obligation that requires a thorough financial review. Individual taxpayers have to report all of their various streams of income to the Internal Revenue Service (IRS). They also have to acknowledge their assets that could have...
What if taxpayers miss their income tax return deadline?
Filing an income tax return is necessary for most professionals and business owners. Even people with passive sources of income, such as investment or rental properties, generally need to file income tax returns reconciling any estimated payments made to the Internal...
What happens if income tax debts are too large to pay in full?
People might underpay their income taxes for many different reasons. Some people misunderstand their reporting obligations or attempt to take credits and deductions for which they do not actually qualify. Others may fail to report all of their different streams of...
How to know if you need to report crypto on taxes
If you freelance in tech, build your own creative business or work on side gigs that pay in digital assets, you probably deal with crypto in ways that do not feel complicated. You might buy coins, move them between wallets or accept payments through popular exchanges....
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