American citizens who live overseas are still generally responsible for filing a federal tax return with the IRS. While many former Georgia residents who now live overseas can claim a credit for foreign income taxes paid, this has not been true for individuals...
IRS Issues
IRS warns of phone scams during tax season
As Georgia taxpayers are preparing and filing their 2018 tax returns, the Internal Revenue Service is warning people about criminals who pose as IRS representatives in phone scams. In a news release, the IRS said that these phone scams continue to be a major threat...
Passports and delinquent taxes
A warning has been issued by the Internal Revenue Service that applies to taxpayers residing in Georgia and around the country. In January 2018, the IRS implemented the Fixing America's Surface Transportation (FAST) Act which, among other things, provides that people...
Beware of fake IRS text messages
Most taxpayers in Georgia dread receiving a contact from the Internal Revenue Service. Fears of an audit, a tax levy or asset seizure come to mind. Unfortunately, there are unscrupulous individuals in the world who choose to prey upon these fears. Fake contacts...
IRS must recover from government shutdown
Although the most recent government shutdown is over, there may be some long-term impacts for Georgia residents. For example, the IRS says that it is weeks behind in hiring and training staff for the upcoming tax season. It also says that there are millions of...
The new tax season and the government shutdown
With the new tax season almost here, the citizens of Georgia should get ready and take the time to make sure that all their financial matters are in order. However, it is also worth noting that this year should be a particularly strenuous year for the IRS. On the one...
What Michael Cohen teaches us about tax law
Those watching television or reading the news in Georgia have probably heard about Michael Cohen. They may also know that he pleaded guilty to tax evasion and was sentenced to prison time. Those who would like to avoid a similar fate can take some steps to do so. For...
IRS compromises on Gilti tax rules
If a company based in Georgia or anywhere else has a foreign tax bill of less than 13.125 percent, it will owe a 10.5 global intangible low-tax income tax. This tax is otherwise known as Gilti, and businesses had lobbied the IRS to make changes to how it is assessed....
Why hairstylists should report their tips
People engaged in freelance, creative or self-directed businesses in Georgia often have to pay special attention to their taxes. These cautions can also apply to tipped workers of various kinds. While restaurant workers may often receive tax documents that reflect...
The rules relating to tax fraud
In most cases, the IRS has three years to audit a tax return. This is true when a taxpayer in Georgia or anywhere else doesn't understate their income by 25 percent or more. If that does occur, the government now has six years from when a return is filed to examine...