In many cases, individuals are required to pay taxes on any income from wages, investments or prize winnings. However, there are times when income is not considered to be taxable. For instance, if an individual wins an award, he or she may not need to pay taxes on any...
Georgia taxpayers who are concerned about an IRS audit should not be too worried about the possibility. The incidence of audits, which are rare occurrences in the first place, has been dropping over the past few years. Of the ones that do occur, most are done through...
The Affordable Care Act, more commonly known as Obamacare, is in its first year of "shared responsibility payments" as the tax season reaches its highest pitch. Estimates state the current penalty fees for a taxpayer without health insurance amount to about $172, and...
Georgia business owners may be interested in some information about different types of strategies they might employ to be successful during a tax audit. Due to the importance of doing well during these audits, it is crucial that the taxpayer do everything they can to...