Benjamin Franklin famously remarked, “…nothing can be said to be certain, except death and taxes.” While death is often a serious subject, you cannot take your tax obligations lightly. If you mess up your tax filing, you could find yourself in significant financial or...
Month: April 2019
Wealthier taxpayers may face more frequent audits
Taxpayers in Georgia may fear an IRS audit as one of their worst nightmares. These detailed overviews of tax filings may leave even honest taxpayers worried. That's why filers should be aware that the agency announced that it may be changing its methods to determine...
Even college students pay income taxes
College students who participate in a paid internship in Georgia or any other state may owe federal taxes on their earnings. This could be true even if participation in the internship is required by the school. In some cases, individuals are paid as independent...
Fewer audits, best practices mean less tax hassle
Georgia residents might be happy to know that their chances of being audited are fairly low. While it is still important to turn one's taxes in on time, an individual has a 1 in 160 chance of being audited. In 2010, about 1 in 90 people were audited. A tighter budget...
Strategies for confronting tax debt
Tax time can be particularly challenging for people in Georgia who are dealing with the burden of tax debt. People may find themselves with tax bills that they are unable to pay, and they may not be sure how they can find a way out of the situation. As 2018 opened,...