Guiding You Through The Legal Process
Georgia residents may be surprised to learn that no payments were required from the filers of more than a third of all 2012 federal income tax returns. The number of Americans who do not earn enough to pay any federal income tax peaked at over 40 percent in 2009 as...
Georgia residents might wonder how life insurance policies can be used in estate planning. Life insurance policies can do more than pay funeral expenses or provide for dependents after an individual's death. They can also provide a tax-free lump sum for taking care of...
According to the U.S. Government Accountability Office, income tax identity theft is a major problem in Georgia and across the United States. The crime costs taxpayers around $6 billion each year. Tax identity theft occurs when a criminal uses a stolen name and Social...
With the need to collect the so-called "Cadillac Tax" looming, the IRS is trying to determine the best way to do so. As a part of the Patient Protection and Affordable Care Act, the most generous employer provided health care plans are subject to a 40 percent excise...
There may be homeowners or investors living in Georgia who can benefit from understanding more about which states have the highest property taxes. The Tax Foundation recently analyzed property taxes rates across the country, and helped provide some perspective on the...
Many Georgia resident might find it difficult to deal with their taxes. In an apparent attempt to protest the required payments, two Pennsylvania residents took steps to demonstrate their displeasure with the system. The most recent case involved a Montgomery County...
The state of Georgia does not impose an estate tax on its residents, but there are 15 states that do. That's why residents of states such as New York, Illinois and Washington often move elsewhere during their golden years. According to a National Bureau of Economic...
Many people in Georgia believe that federal estate taxes are not something they need to be concerned about because they only affect the very rich. There are some instances in which a person may still be exposed to estate taxes, however. The issue more commonly occurs...
Georgia residents are likely aware that the federal estate tax has been a contentious issue in recent years. Supporters of the measure say that estate taxes help to offset income inequality, but opponents claim that these taxes are just a way for the government to...
Georgia residents may not be familiar with a law passed in 2007 that allows a spouse to elect and claim the unused part of their deceased spouse's exclusion with respect to federal estate tax. The exclusion, called a DSUE, is the allowed exemption amount from estate...
