Guiding You Through The Legal Process
Taxpayers in Georgia and anywhere else who don't pay their federal income taxes on time could be subject to IRS collection activities. The first step in the process is to send a letter detailing how much the government thinks is owed. Typically, the balance will...
It is unlikely that an individual in Georgia or anywhere else will have his or her tax return selected for audit. Overall, just 0.6% of returns will face further scrutiny after they are sent to the IRS. The odds of an audit are influenced by how much money a person...
Benjamin Franklin famously remarked, “…nothing can be said to be certain, except death and taxes.” While death is often a serious subject, you cannot take your tax obligations lightly. If you mess up your tax filing, you could find yourself in significant financial or...
Taxpayers in Georgia may fear an IRS audit as one of their worst nightmares. These detailed overviews of tax filings may leave even honest taxpayers worried. That's why filers should be aware that the agency announced that it may be changing its methods to determine...
College students who participate in a paid internship in Georgia or any other state may owe federal taxes on their earnings. This could be true even if participation in the internship is required by the school. In some cases, individuals are paid as independent...
Georgia residents might be happy to know that their chances of being audited are fairly low. While it is still important to turn one's taxes in on time, an individual has a 1 in 160 chance of being audited. In 2010, about 1 in 90 people were audited. A tighter budget...
Tax time can be particularly challenging for people in Georgia who are dealing with the burden of tax debt. People may find themselves with tax bills that they are unable to pay, and they may not be sure how they can find a way out of the situation. As 2018 opened,...
Gross estate refers to the value of all the assets in an estate. It may include real property both in and outside the country, bank accounts, annuities, stocks and more. Even property that is not necessarily owned by the estate is included, such as property a person...
Sometimes a dispute arises about a tax payment you have made. Sometimes you have a problem with an existing regulation. Tax issues are sometimes about state rather than federal matters. What, you might ask, is the Georgia Tax Tribunal and what kind of cases does the...
Georgia residents may need to get familiar with a series of new forms when they complete their tax returns this year. This may apply to those who are self-employed and made more than $400 from such activity. If so, they will need to pay self-employment tax and report...
