Guiding You Through The Legal Process
The Internal Revenue Service continues to make changes to its amnesty programs for U.S. taxpayers who hold offshore accounts. A program released in 2012 slapped owners of undisclosed foreign accounts with massive fines. However, this is a new day, and guidance issued...
The tax overhaul passed by Congress in December of 2017 changed little relating to long-term retirement matters. However, one change could have a major impact on Georgia residents hoping to retire soon. Specifically, the tax overhaul eliminates so-called do-overs for...
The changes to federal income taxes passed late in 2017 have left some people in Georgia wondering what to withhold from their paychecks. The Internal Revenue Service has issued new withholding tables, but the agency has not yet had a chance to provide employers with...
Georgia taxpayers have to file their federal income tax returns on time or incur possible penalties, according to the Internal Revenue Code Section 6651. For returns that are mailed, this means making sure that they are mailed on time. The timely filing rule also...
Georgia residents who are the victims of financial abuse at the hands of their partners may be given relief by the IRS. For instance, an individual might apply for innocent spouse relief. If granted, that person will not be held liable for taxes owed on a joint...
Individuals and business owners in Georgia naturally take communications from the Internal Revenue Service seriously, but the agency warns that cyber criminals often take advantage of people's willingness to comply with tax requests. Criminals will attempt to access...
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...
Multiple sources have reported that attorney Celia Clark, who formed the micro captive Feedback, for the Avrahamis, has commented on Judge Mark Holmes' decision to deny the motion for reconsideration. She claimed that the IRS has reviewed and approved very similar...
U.S. Tax Court, Judge Mark V. Holmes denied Avrahamis' motion of reconsideration on November 14, 2017. The Avrahamis' first argument was that Feedback, their captive, hired qualified professionals to be sure it operated within the regulatory requirements therefore it...
Tax planning is something that savvy Georgia residents are aware of year-round, but it becomes especially relevant at the end of the calendar year. For individuals thinking about these issues when the end of the current year approaches, there are a number of things...
