Atlanta Tax Law Blog
Income tax fraud is not the same as negligence
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...
What ways are there to get relief from IRS tax debt?
No matter how nice it would be, you have no choice but to pay your taxes. This includes federal, state and local, among other types, such as if you’re a business owner. When you stay current, you never have to concern yourself with owing money to the IRS or another...
How much of your paycheck can the IRS levy or garnish?
When a private business brings a lawsuit against someone who has failed to pay a debt, the courts may rule in their favor and order a garnishment of that individual's wages. When the Internal Revenue Service (IRS) does the same thing to recover unpaid tax balances,...
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...
