Taxes are often a burden for many reasons. Even if individuals want to stay on top of their tax obligations, they may face financial hardships that prevent them from paying their taxes, or they may be confused about how to appropriately handle certain tax-related...
There are multiple reasons why people might not file tax returns for their business. They might wrongly assume that so long as they filed their own tax return, the business aspect is unnecessary. Some people don't file tax returns because they don't owe any money or...
Taxes are one of the inevitable obligations that working adults in Atlanta and across the country have to face. Though most people try to stay on top of their taxes and do their best to pay when necessary, financial complications could result in individuals accruing...
Virtually no one wants to receive a letter from the IRS. Unfortunately, it can happen to anyone for various reasons, and it is important not to ignore notice of an audit. Even if Atlanta-area residents believe that the IRS made a mistake, making contact with the...
When you owe money to the IRS, it has a way of bogging you down. Not only financially, but also emotionally. While you may be in an unenviable position, there are steps you can take to escape IRS tax debt and reclaim control of your finances. An offer in compromise is...
In a recent article, this blog discussed how to qualify for innocent spouse relief (“Could innocent spouse relief help with tax debt?” May 5, 2020). The problem is that not everyone will qualify for this type of relief from a spouse’s tax debt. If you attempted to...
Running a business means adding many new tax obligations. Some people may have a difficult time keeping up with their personal tax responsibilities as it is, and it can certainly be hard to manage business-related tax matters as well. If Atlanta small business owners...
It is common for married Atlanta couples to file their taxes jointly. It can help them complete their taxes more quickly and even obtain better tax credits that could help lower their liabilities. However, it is possible that one spouse could withhold information on a...
When you go too long without paying on a debt or when you incur liability for someone else's losses, those individuals can potentially take you to court and secure a garnishment of your wages. Garnishments are effective ways to help creditors collect money. They...
The IRS doesn’t take kindly to individuals and businesses that attempt to defraud the tax system. Just the same, they keep a close eye out for those who make mistakes on their tax return. However, it’s critical to understand that income tax fraud is not the same as...
