Retired Georgia residents have to file their federal income tax returns just like people that are still in the workforce. The Internal Revenue Service wants to know about income from retirement account distributions, investments, rental properties and even gambling...
Bomar Law Firm, LLC
IRS will utilize private debt collectors
Georgia residents with overdue bills are likely aware that the activities of debt collectors can sometimes border on harassment, and they could be alarmed to learn that four private companies have been authorized to pursue unpaid taxes on behalf of the Internal...
The IRS and small businesses
Many Georgia residents have quit their jobs and opened up their own businesses. While they enjoy the freedom that being a business owner can provide, they may not realize until it is too late that the Internal Revenue Service may be closely scrutinizing their tax...
Gretchen Carlson and Fox News settle for $20 million
Many Georgia residents have likely heard about the sexual harassment lawsuit that was filed against former Fox News Chairman and CEO Roger Ailes. Gretchen Carlson, a former Fox News anchor, brought sexual harassment allegations against Ailes that quickly became very...
Federal tax liens and how to handle them
When people in Georgia fail or refuse to pay their taxes, the Internal Revenue Service can issue a federal tax lien. A tax lien is secured by all of the personal and real property that is owned by the taxpayer. This includes homes, business interests, vehicles and...
What kind of taxpayer the IRS likes to audit
Georgia residents have less risk of being audited by the Internal Revenue Service than they have had in decades. That's because the IRS began auditing fewer returns after the IRS Restructuring and Reform Act of 1998 forced the agency to pay greater attention to...
An overview of estate tax
A federal estate tax is applied to the assets of a deceased person. However, if the assets transfer to the spouse, the estate tax is not applied. Furthermore, there is an estate tax exemption of $5.45 million for 2016, so on a federal level, only people whose assets...
Victorious team USA athletes will return from Rio with tax bills
Many Georgia residents look forward to the Olympic Games, but it is not just the nation's sports fans who are cheering on Team USA in Rio de Janeiro. Athletes who earn medals also receive handsome cash prizes, and returning American athletes will arrive home to find...
Closely-held business owners may have to pay higher taxes
When Georgia business owners prepare their estate plans, they must decide how to transfer shares of their companies to beneficiaries. Transferring non-liquid assets like business interests could be more difficult and expensive now that new regulations have been...
The child and dependent care credit and summer care
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...



