Georgia residents who owe money to the Internal Revenue Service but do not have sufficient income to make payments under an installment agreement could qualify for what the agency refers to as currently not collectible status. You may qualify for this designation if...
Month: June 2016
Steps to take on receiving an audit letter
Some Georgia residents may be concerned about the possibility of receiving an audit letter from the IRS. However, very few people are audited, and even a notice of an audit is not necessarily something to worry about. The most important thing to do is open the letter...
Some tax refunds will be delayed in 2017
Many Georgia working parents receive a refund after they file their tax returns due to overwithholding as well as claims for the Earned Income Tax Credit and the Additional Child Tax Credit. In expectation of their refund, some families file their tax forms early in...
Estate of Whitney Houston battles IRS bill
When a popular singer passes away, fans in Georgia and around the world might be moved to purchase digital or other forms of that person's recorded works. However, this issue has come into play as the estates of such deceased celebrities have been saddled with hefty...