Many parents rely on summer day camps and day care for their children in Georgia each year. The care that is provided to their children may be eligible for a credit on their federal income tax returns called the "child and dependent care credit." Generally, care that...
While many Georgia residents are aware that life insurance proceeds are not subject to income taxes, they may not know that there are other types of taxes to which the proceeds may be subject. By setting up irrevocable life insurance trusts for life insurance...
According to reports, companies in Georgia and elsewhere could be audited by the Internal Revenue Service in the years ahead. Because of the lack of government funding, the agency has been restructuring itself and strategizing new ways to return to tough audits....
Most Georgia residents know that they need to keep copies of certain tax records, but they may not know which ones they need to hold on to or for how long they should retain them. Generally, people should keep copies of all of the documents that they used to arrive at...