Guiding You Through The Legal Process
When Georgia business owners prepare their estate plans, they must decide how to transfer shares of their companies to beneficiaries. Transferring non-liquid assets like business interests could be more difficult and expensive now that new regulations have been...
Is bankruptcy the solution to eliminating tax debt? Unfortunately, it's not that simple or straightforward. Although bankruptcy law does allow tax debt to be discharged under certain circumstances, a debtor is often still liable for their tax debt after bankruptcy. In...
Many parents rely on summer day camps and day care for their children in Georgia each year. The care that is provided to their children may be eligible for a credit on their federal income tax returns called the "child and dependent care credit." Generally, care that...
While many Georgia residents are aware that life insurance proceeds are not subject to income taxes, they may not know that there are other types of taxes to which the proceeds may be subject. By setting up irrevocable life insurance trusts for life insurance...
According to reports, companies in Georgia and elsewhere could be audited by the Internal Revenue Service in the years ahead. Because of the lack of government funding, the agency has been restructuring itself and strategizing new ways to return to tough audits....
Most Georgia residents know that they need to keep copies of certain tax records, but they may not know which ones they need to hold on to or for how long they should retain them. Generally, people should keep copies of all of the documents that they used to arrive at...
Georgia residents who owe money to the Internal Revenue Service but do not have sufficient income to make payments under an installment agreement could qualify for what the agency refers to as currently not collectible status. You may qualify for this designation if...
Some Georgia residents may be concerned about the possibility of receiving an audit letter from the IRS. However, very few people are audited, and even a notice of an audit is not necessarily something to worry about. The most important thing to do is open the letter...
Many Georgia working parents receive a refund after they file their tax returns due to overwithholding as well as claims for the Earned Income Tax Credit and the Additional Child Tax Credit. In expectation of their refund, some families file their tax forms early in...
When a popular singer passes away, fans in Georgia and around the world might be moved to purchase digital or other forms of that person's recorded works. However, this issue has come into play as the estates of such deceased celebrities have been saddled with hefty...
