Many taxpayers in Georgia and across the country have been receiving threatening emails and telephone calls from individuals claiming to represent the Internal Revenue Service. During these interactions, imposters try to threaten their victims with lawsuits,...
Small business owners in Georgia may be pleased with an announcement by the IRS on Feb. 13 about regulatory tax changes the agency states will apply to 2014 and to subsequent years. The changes are designed to make it easier for small businesses to use repair...
In 2013, the IRS audited roughly 1 percent of all tax federal tax returns. However, there are specific factors that could increase the odds that a specific return is audited. For instance, those who made more than $1 million a year are audited at a rate of 11 percent....
Partnerships are unincorporated companies, so the IRS does not tax these businesses directly. Rather, the owners are required to report the profits they earn through the partnership on their personal income taxes because they are considered self-employed. New...
