Guiding You Through The Legal Process
Georgia residents may be happy to know that they do not live in one of the top 10 states for federal tax audits. According to a study by TaxAudit.com, taxpayers who live in Vermont are more likely to be audited by the Internal Revenue Service than people in other...
The current federal estate tax exemption is $5.45 million per person, and after that, any additional part of a person's estate may be taxed. While that may seem like an enormous amount of money, many states also have estate taxes that have much lower taxation...
Georgia residents may have heard about lawmakers who sent a letter to the Internal Revenue Service commissioner, the U.S. attorney general and the secretary of the Treasury regarding the return of funds that were wrongly seized from taxpayers in certain civil asset...
Georgia residents who have received an audit letter from the Internal Revenue Service may be wondering what it means. While the letter may not indicate a person is guilty of tax fraud, it also should not be ignored. In most cases, an audit letter from the IRS means...
According to figures from the National Taxpayers Union, Americans spent 3.8 billion hours completing tax paperwork in 2009. The tax code is almost 4 million words long. While most people are happy to get a tax refund, going through W-2s and other tax forms is not what...
Georgia residents likely know that the United States has what is known as a progressive tax system. This means that wealthy individuals are required to pay a higher rate of income tax than those who are less fortunate, but this is offset by a number of exemptions and...
Georgia taxpayers who earn more than $1 million per year may be less likely to face an in-person or field IRS audit but might be significantly more likely to be audited by mail, also known as a correspondence audit. The IRS has always focused on auditing taxpayers...
United States citizens from Georgia and all other states still have to file a U.S. federal tax return even if they are living in another country. Some new rules are in place for 2015 tax returns, and new technology agreements could help the IRS catch delinquent...
In early February, the Internal Revenue Service announced that cyber criminals attacked the agency's digital systems to steal the PINs of thousands of Social Security numbers. It is the latest in a series of online attacks that have endangered the personal data of...
Georgia residents who have been named as an executor under a will may be able to count on more understandable tax reporting rules if the American Institute of Certified Public Accountants gets its way. In late January, the AICPA mailed individual letters to both the...
