Guiding You Through The Legal Process
Many Georgia residents may be able to significantly reduce their tax obligations by placing their money in retirement structures. In particular, traditional IRA plans are notable for their ability to provide their owners with financial leeway in addition to serving as...
Georgia taxpayers may know that the law generally gives the IRS three years to make an assessment or audit a tax return. There are exceptions to this rule, and the agency often shows relentless determination in their collection efforts even when the taxes in question...
Georgia residents who have kept a foreign bank account without reporting it to the Internal Revenue Service may be charged with an FBAR violation. However, the potential penalties for failing to file an foreign bank account report just got reduced. In May, the IRS...
Georgia residents may have heard about the proposed regulations issued by the Internal Revenue Service regarding the income of master limited partnerships whose activities pertain to natural resources and minerals. The proposed regulations were issued on May 5 and...
Although almost everyone is required to pay federal income tax, it may be possible to dispute the amount owed. For example, one might contest the results of an audit. In the event that the IRS proposes changes to a tax return, a taxpayer may protest the decision and...
Having to deal with the Internal Revenue Service can be a daunting prospect for Georgia residents. The agency has the power to garnish paychecks and freeze bank accounts, but taxpayers can often avoid such measures by acting proactively. Many people make the mistake...
A lack of funding for the Internal Revenue Service may not be a good thing for average families in Georgia. Although some people think that less IRS funding could result in a smaller chance of being audited, the opposite may actually be true. According to statistics...
The Affordable Care Act, more commonly known as Obamacare, is in its first year of "shared responsibility payments" as the tax season reaches its highest pitch. Estimates state the current penalty fees for a taxpayer without health insurance amount to about $172, and...
Many taxpayers in Georgia and across the country have been receiving threatening emails and telephone calls from individuals claiming to represent the Internal Revenue Service. During these interactions, imposters try to threaten their victims with lawsuits,...
If any IRS employee or officer in Georgia or any other state gives bad written advice to a taxpayer and the IRS charges the taxpayer with a penalty as a result, the taxpayer may file for relief of the penalty during a specific time period. This can result in a credit...
