Whether you are close to retirement, want to change careers or are facing an illness , you should develop and implement a succession plan for your family business. Leaving your position requires more than just a last-minute transfer of ownership to a descendant or...
Many readers have, no doubt, been following the talk of the changes coming down the pipeline with respect to the federal tax system. The proposed changes are on multiple fronts, including individual income taxation, estate taxation and corporate taxation.According to...
We’ve been discussing in our last couple posts the risks of DIY tax filing and the relative benefits of working with tax professionals to file tax returns. As we pointed out last time, both CPAs and tax attorneys have special competencies in handling tax filing....
In our last post, we began discussing do-it-yourself tax filing, and the risks taxpayers take when they go it alone. As we noted last time, working with a CPA is certainly a better way to ensure an accurate return is filed. Working with an experienced attorney has its...
Folks across Atlanta are starting to receive W-2s and other tax documentation so they can file their returns in the next few months. As people prepare their taxes, it can become clear very quickly that no matter how many times you go through tax season, it never seems...
There is no shortage of resources for folks looking to take a do-it-yourself approach to filing federal income tax. For individuals with a relatively simple tax profile, this may not be such a problem, but for those who have a more complex situation, who have...
There are probably more jokes about taxes than there are tax laws. It is no secret that everyone wants to pay as little taxes as possible and will do anything to achieve that goal. Unfortunately, you may be tempted to do so through fraudulent means. No matter how...
We previously began looking at the Treasury Departments recently announced rules aimed at ending the tax inversion practice of earnings stripping. By and large, corporations have not welcomed the new rules, for obvious reasons, though many tax experts are hopeful that...
Back in October, the U.S. Treasury Department announced new regulations aimed at addressing corporate tax avoidance, particularly through the use of tax inversion. The term refers to common corporate practice of acquiring small foreign competitor companies in nations...
Previously, we began looking at the IRS appeals process and how the Fast Track Mediation Program fits within that overall process. The IRS appeals process is important because most disputes can be solved through it. Taxpayers do have the right to bypass the appeals...
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