Guiding You Through The Legal Process
Taxpayers in Georgia should be on the lookout for an email scam that may hold a person's computer data for ransom. The ransomware scheme sends a message to taxpayers using the logos of both the FBI and the IRS, and it asks recipients to download a questionnaire from...
Many Georgians own vacation homes and might wonder if they might face tax consequences if they choose to rent them out when they are not using them. It can be smart to recoup some of the expenses that people incur with the maintenance costs, mortgages and property...
Most Georgia taxpayers realize the IRS has numerous ways of recovering unpaid taxes. Common horror stories that keep citizens honest during tax season involve prison time for serious offenders, wage garnishments and possible imposition of a tax lien on real estate. It...
The gains generated by the sale of a primary residence can be significant, but this income is not subject to federal income tax in many situations. Georgia residents may qualify for this exclusion by establishing ownership and use. This is done by establishing that...
Every United States person, whether citizen, permanent resident or resident alien, must file an FBAR with the U.S. Treasury Department under certain circumstances. FBAR is the Foreign Bank Account Report, or FINCEN form 114. If you are an owner, nominee or signer on...
There are several common mistakes that some Georgia residents make with their tax returns that could lead them to be targeted for audits. By avoiding these errors, taxpayers may reduce their chances of being selected for audits. If they are facing audits, they may...
Some Georgians fall behind on their taxes or are unable to pay them in full. When a taxpayer doesn't pay what the IRS believes it is owed, the IRS may place a lien on the taxpayer's assets. When the IRS does this, the lien will apply to all of the assets that the...
Fears about the consequences of IRS debt are common among Atlanta residents who owe or think they owe a tax bill. Some of the persistent worries deal with the possibility of a tax lien, wage levy or asset seizure. The individual facing possible collections actions by...
Many Georgia residents often travel during the summer months, and some choose to rent out their homes while they are away. While renting a residence temporarily can provide an additional and welcome revenue stream, failing to properly record and disclose this source...
Some people only have to hear the words “IRS lien” or “IRS levy,” and they break out in a cold sweat. This may be because they are not quite current on their income tax obligations. The Internal Revenue Service does have methods of dealing with recalcitrant taxpayers....
