There could be many individuals in Georgia and elsewhere who plan their budgets around their income and there might be little room for adjustment. With a similar strategy, a loss of income might place a significant strain on one’s finances and prompt a variety of...
Month: March 2022
Tax debt and the currently not collectible status
While many individuals in Georgia and elsewhere might not be excited to file and pay taxes, some might be dreading the process out of fear that they will be unable to make payments. Issues such as tax debts remain a concern for many individuals and when similar issues...
How can you defend yourself against tax audit charges?
Failure to pay taxes will result in complicated penalties and consequences that can affect multiple areas of life for a Georgia taxpayer. One of these consequences is an audit, which is the process of a careful examination of every aspect of your financial life...
Can an offer in compromise help with your tax debt?
For millions of Americans, tax debt is a frightening reality. The prospect of an audit and facing thousands of dollars in IRS debt can be both demoralizing and overwhelming. Fortunately, with the right guidance, people can explore various options to reduce, eliminate...
What are some common types of tax penalties?
Sources of financial strain can take on various forms and it might not always be possible to predict when such issues will arise or to keep from falling prey to monetary woes. For many individuals in Georgia, one of the most stressful times of year could pertain to...