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October 2014 Archives

Personal income taxes may offset federal obligation

The Code of Georgia sets forth the structure of personal income taxes levied by the state in Title 48, Chapter 7. Not all states charge income taxes, and the ones that do not typically fund public necessities like schools and police departments with higher consumer taxes. Georgia's income tax laws establish a graduated payment schedule, which means that those who earn more money pay a greater percentage of income in taxes.

Helping clients with tax disputes

The prospect of an audit conducted by the Internal Revenue Services can be an unnerving prospect from many Georgia residents. Sometimes, such actions may be conducted in by an official review of a taxpayer's document, and in other cases, the service might seek to conduct the audit in person. Those who have received notice that the IRS plans to review their documents might benefit from contacting our firm.

Some information about tax liens

If a Georgia taxpayer fails or neglects to pay a tax debt, the IRS may place a federal tax lien on the taxpayer's property. For the lien to be put into effect, the IRS must first assess a tax liability and make a demand for payment from the taxpayer. If the payment is not made in a timely manner, the IRS will file a Notice of Federal Tax Lien, putting the taxpayer's creditors on constructive notice.

Invented churches and tax consequences

Georgia churches may benefit from exemptions from federal income taxes, but a Mississippi case may be of concern as misuse of the church designation has landed a Christian physician in serious legal trouble with the IRS. The man was convicted on four felony counts of tax evasion as well as a single count of obstruction of administration. According to reports, the man skirted paying income taxes by funneling income through an entity called the Church of Compassionate Service.

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