Most people living in Georgia take care to submit accurate tax returns. However, some tax documents end up being flagged by the IRS's algorithms, subjecting filers to an audit. Interestingly, there is some evidence that it is not the wealthy who are the most likely to...
Tax Audits
Is your business facing an IRS audit?
For small business owners, finally getting their taxes filed may be the beginning rather than the end. The Internal Revenue Service can review your taxes and decide it wants a closer look. Thus, you may learn your business faces an audit. You can get audited even if...
Audits continue to decline at IRS
When Georgia residents file their taxes, they may be concerned about the threat of an audit by the Internal Revenue Service. The thought of an auditor going through receipts, paperwork and pay stubs can be enough to make any taxpayer nervous. However, statistics show...
Are you afraid to open that letter from the IRS?
Once tax season is over, most people breathe a sigh of relief and go on to other things. You looked over your federal return carefully before submitting it and thought all was well. Then, a couple of months later, a letter from the Internal Revenue Service turned up...
An overview of a taxpayer’s rights
If a person is audited by the IRS, he or she has rights that the agency must respect. For instance, Georgia residents have the right to have questions answered promptly and to expect employees to act professionally at all times. If a taxpayer does not receive good...
Potential benefits of legal representation during a tax audit
When Georgia residents or businesses receive a notice from the Internal Revenue Service or other tax agency, they likely reach out to their accountants for advice and help. Representation from an attorney could also be beneficial, especially in situations that involve...
How the tax audit rate impacts Americans
The IRS audits less than 1 percent of returns submitted by individuals and partnerships. Therefore, it could stand to reason that taxpayers in Georgia and throughout the country have more incentive to cheat on their taxes. However, the truth is that recent changes to...
Staying prepared in case of an IRS audit
Many companies and business owners in Georgia can begin to develop a sense of complacency about the danger of an IRS audit for their firm, especially given the news that IRS resources have been depleted. There have been cuts to the agency's budget over the past few...
Anticipating a tax audit
Business owners in Georgia typically understand the importance of maintaining good records so that they can meet their tax responsibilities. Few anticipate being subjected to an audit. However, some business owners have taken advantage of recent changes in tax law to...
Common reasons a tax audit may occur
Individual taxpayers in Georgia and around the country are at a relatively low risk of being audited by the IRS. Overall, fewer than 1 percent of federal income tax returns are scrutinized further by the government. However, a person's exact audit risk may depend on...



