Atlanta Tax Law Blog
The Georgia Department of Revenue is the state version of the IRS
When people talk about income tax enforcement, they usually think of the Internal Revenue Service (IRS) that collects tax payments on behalf of the federal government. However, residents of Georgia not only have to file their taxes with the IRS but also with the...
IRS unveils new strategy to compel compliance
Both individual taxpayers and business entities in Georgia and throughout the nation should be ready for an increased likelihood of in-person tax compliance meetings. These meetings are part of an effort to help the government collect income and payroll taxes more...
An IRS audit isn’t a reason to panic but rather to plan
Every year, no matter what else happens in your life, you will have to file your taxes with the federal government and the state government where you reside to verify that you have paid your income taxes in full. Some people may have to pay additional taxes, while...
What to know about 2020 tax rules
Georgia residents and others who are getting ready for the 2020 tax year have just received critical information from the IRS. The government agency announced that the standard deduction for single filers is going to be $12,400. For those who are filing jointly with a...
The perils of misunderstanding tax laws
The tax code can be confusing to taxpayers in Georgia and throughout the country. However, it is important to know the difference between fact and fiction when it comes to paying taxes and filing returns in a timely manner. Those who earn money from a side gig will...
IRS criticized for not fully implementing new audit system
In 2016, the IRS announced that it would change the way it conducts corporate audits. Instead of examining a company's entire tax return, it would simply examine any transactions it deemed to be risky in nature. The hope was that this would help to complete these...
Look for an IRS tax question regarding cryptocurrency
In Georgia and across the United States, taxpayers may want to pay attention to two new Internal Revenue Service (IRS) tax guidelines. Watch for a new checkbox located on Form 1040. This checkbox will inquire whether the taxpayer received, sold, sent, exchanged or...
Probate, taxes and your job as executor for the decedent
Let us say that your favorite aunt named you as the executor of her estate. Aunt Lucy passed away suddenly, and her estate must now go through the probate process. Your responsibility in administering your aunt’s estate includes paying outstanding debts and filing...
Factors that may determine the timeline for an audit
Generally speaking, the IRS can audit tax returns sent in by Georgia residents and others for three years. However, there are scenarios in which the government could have twice as much time to inquire about a return. If someone commits an especially egregious...
It is easier for the IRS to target poor people
Georgia residents may be interested to learn that the IRS has been targeting lower income taxpayers with audits. Part of the reason why the IRS uses this strategy is because they say it is easier and something that they can accomplish using less skilled employees....
