Georgia taxpayers may think that they can depend on the official IRS.gov website, but the Internal Revenue Service itself has stated that this may not always be the case. Instead, taxpayers need to refer to official publications. Content like frequently asked question...
Month: June 2017
IRS issues warning about new telephone scam
The Internal Revenue Service has warned taxpayers in Georgia and around the country about a new telephone scam. According to the agency, callers posing as representatives of the IRS tell potential victims that attempts to contact them using certified mail have been...
IRS addresses estate tax exemption portability
Estate planning professionals in Georgia and around the country will likely welcome news that the Internal Revenue Service has made it easier for a surviving spouse to receive the unused portion of the deceased partner's estate tax exemption. Under Revenue Procedure...
Will your tax debt be discharged under a Chapter 7 bankruptcy?
A Chapter 7 bankruptcy is designed to give the debtor a fresh start by discharging most debt. Tax debt under a bankruptcy is very complex. Sometimes, it can be discharged, but it depends on multiple factors, such as the type of tax, whether the debtor filed a return...
How to handle a tax error
Georgia residents may believe that their tax returns won't be audited after they receive a refund check. However, this is not necessarily the case as the IRS has up to three years to audit most returns. Those who receive a refund that seems too large may wish to keep...
Some believe IRS needs more funding
Georgia residents may have heard that watchdog groups believe the IRS needs more resources to effectively do its job. This was according to testimony given to a House subcommittee by the Treasury inspector general for tax administration. It was also the opinion of a...