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August 2014 Archives

Georgia taxpayers have rights

The Internal Revenue Service recently adopted a new Taxpayer Bill of Rights. The document groups the rights found in the Internal Revenue Code into 10 categories in an effort to make them easier to find and understand. First is the right to be informed, meaning that laws, regulations and procedures should be easy to understand and follow.

More Georgia residents may qualify for the child tax credit

A bill that passed the House of Representatives with a vote of 237-173 would increase the number of middle class Americans who would be able to take advantage of the child tax credit. However, President Obama has indicated that he will veto the legislation if it reaches his desk. Today, single filers who make up to $75,000 can claim the full credit while married couples who make up to $110,000 can claim the credit.

Judge rules against man trying to recover $16 million in taxes

Georgia residents may be interested in the case of a Mexican man who tried unsuccessfully to recover millions that the IRS had deducted from his gambling winnings. The man struck it big in Las Vegas between 2007 and 2010 playing high-limit slot machines, but a significant part of his winnings were withheld. The IRS levy amounted to $16.3 million.

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