Promoters who suggest using a micro-captive insurance company come from many professions: financial advisors, attorneys, accountants, actuaries, captive managers and others. One thing they have in common with promoters in many fields is the majority are honest,...
Month: February 2019
About 3 million more taxpayers to owe IRS in 2018 than 2017
The federal tax overhaul that went into law in 2017 has exposed many taxpayers in Georgia and around the country to unexpected income tax bills. According to the Government Accounting Office, roughly 3 million more people than last year will have failed to withhold...
Behavior during audit could lead to criminal tax case
Criminal tax cases are relatively rare in Georgia. Tax professionals and attorneys will say that one common way to bring on a criminal case related to taxes is to be evasive or obstructive during dealings with the Internal Revenue Service. It's something to keep in...
Beware of fake IRS text messages
Most taxpayers in Georgia dread receiving a contact from the Internal Revenue Service. Fears of an audit, a tax levy or asset seizure come to mind. Unfortunately, there are unscrupulous individuals in the world who choose to prey upon these fears. Fake contacts...