Guiding You Through The Legal Process
Starting a business is often an effective way to realize the American dream. After all, not only does a small business give you both flexibility and income, but a successful one may also provide you with something to leave your children. You do not want your business...
Unless you are a tax professional, you probably do not spend time trying to keep up with all the deductions and credits that the Internal Revenue Service allows. Here are four categories that contain deductions or credits that might surprise you. 1. Job hunt...
You may be facing financial circumstances that prevent you from paying the amount of tax you owe to the Internal Revenue Service. You are looking for some kind of relief, and “Currently Not Collectible” status may be just what the doctor ordered. A little history The...
As tax season approaches, some people may already feel the stress of figuring out how they will pay their taxes. In some instances, there are a few available solutions. Applying for Currently Not Collectible status may be an option in some cases. Before making the...
You may have heard that a personal bankruptcy will not cover any federal taxes that you owe. Like many Georgia residents, you may also have financial difficulties that only become worse because of tax debt. Your challenges may be significant enough to...
Let us say that you are a sole proprietor with a fledgling business. While you filed your tax return this year, you could not send payment to the Internal Revenue Service. You then received a bill for the amount owed, plus interest and penalties, and you do not know...
Many individuals owe back taxes, which can weigh on their finances. Thankfully, there are tax relief programs in place to assist these people. A popular option is the IRS Fresh Start program. If you are considering this program, there are a few things you should...
Tax law in Georgia can be a complicated matter. If you owe back taxes to the state, the government may begin a collections process to recoup the taxes you owe. There are different types of procedures the Georgia Department of Revenue may use to try to collect on...
Chapter 7 of the bankruptcy code offers full discharge for your allowable debts. In Chapter 13, you can repay some debts through a court-approved payment plan, and the remaining obligations will be eligible for discharge. Chapters 7 and 13 manage tax debt in the same...
If you are thinking of starting a new business, what form will it take? There are several choices ranging from a sole proprietorship to an S corporation, and much will depend on the kind of product or service you plan to offer. When considering the kind of entity that...
