A bill that passed the House of Representatives with a vote of 237-173 would increase the number of middle class Americans who would be able to take advantage of the child tax credit. However, President Obama has indicated that he will veto the legislation if it...
Bomar Law Firm, LLC
Judge rules against man trying to recover $16 million in taxes
Georgia residents may be interested in the case of a Mexican man who tried unsuccessfully to recover millions that the IRS had deducted from his gambling winnings. The man struck it big in Las Vegas between 2007 and 2010 playing high-limit slot machines, but a...
Georgia county may raise tax rates to help reinstate services
At a public meeting on July 14, some residents of Gwinnett County urged commissioners to not raise their property taxes when the issue comes to a vote on July 22. Statistics indicate that a homeowner who has a house worth $167,000 will pay $785 in county property...
Examining what it means to make a willful violation of tax law
Georgia residents may be interested in an article discussing what the IRS views as willful violations versus innocent mistakes. This standard may be different than what most taxpayers think and the consequences can be harsh if careful attention is not paid. The IRS...
IRS settles NOM controversy
The IRS agreed to pay the National Organization for Marriage $50,000 after it leaked information from a 2008 tax return that was later published in 2012 on the website of the Human Rights Campaign. The chairman of the NOM said that he was thankful that the IRS...
Estate tax consequences too easily overlooked
The consequences that can come about due to estate or inheritance tax are often overlooked due to too many individuals simply assuming the tax will not apply to them. We need to keep in mind that real estate prices are on the rise the possibility of such a tax is a...
Steps to take when preparing for an IRS audit
Georgia taxpayers may wish to think twice before attending an IRS audit alone. A problem with audits is that the taxpayer may be asked to answer questions that they would rather choose to ignore. And every word spoken at an audit may ultimately be used to determine...
IRS rules concerning non-profit groups to be rewritten
As the controversy concerning IRS proposed rules concerning 501(c)(4) organizations has not gone away, the Internal Revenue Service is now planning on revising these rule changes. The proposed rules ignited a storm almost from the very beginning. When the proposed...



