Guiding You Through The Legal Process
Taxpayers in Georgia and around the country are less likely to receive an audit notice in 2017 than they were in previous years due to belt-tightening at the Internal Revenue Service. Lawmakers rely on the money collected by the IRS to fund federal agencies and pay...
Georgia residents who need more time to file their taxes may ask for an extension. This means that those who ask for an extension on their 2017 personal tax returns won't have to file until Oct. 16. One of the best reasons to ask for an extension is to cut down on...
Careful estate planning can be used to reduce the tax burden on assets that are intended for the next generation. Georgia residents may want to know if estate planning is necessary if the federal estate tax will be repealed as promised by the current presidential...
According to reports, the Internal Revenue service has announced that the amount of tax audits it normally conducts will be greatly reduced for the 2016 tax year due to the low number of IRS workers and budget cuts. In fact, the chances a taxpayer will be audited has...
Georgia residents who have had all or part of their debt canceled by a lender normally have to report the amount as taxable income. However, for mortgage debt that has been canceled, homeowners may be able to take advantage of a tax exclusion. If the canceled debt was...
Tax audits are down for the fifth straight year according to information from the Wall Street Journal. In fiscal year 2016, just .7 percent of returns were audited, which translates to about one audit for every 143 returns. That was the lowest volume of audits since...
When it comes to audits by the Internal Revenue Service, some Georgia taxpayers may fear that they will be audited. Forgetting to file certain IRS forms is a common way to trigger an audit. In many cases, the IRS has the authority to audit up to six years of...
Georgia residents may be in the habit of filing a tax return each year. However, depending on an individual's filing status and income, that may not be necessary. Typically, people don't have to file if their income is less than the standard deduction and personal...
Some Georgia residents are financially unable to pay their IRS bills because of not having anything left to pay towards their bills after their other expenses. If you owe back taxes and are unable to make payments to the IRS because of your limited income, you may...
Most Georgia residents understand that the best way to avoid the wrath of the IRS is to file a tax return and pay taxes on time. However, those who don't follow those rules aren't necessarily going to be sent to jail. Typically, the IRS would rather work out a...
