Most people in Atlanta and across the country dread doing their taxes. It can sometimes be complicated, and trying to remember a year’s worth of financial information and find the corresponding documentation can be challenging. When individuals do file their taxes,...
IRS
Unpaid taxes could lead to a federal lien
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...
What happens if you don’t file tax returns for your business?
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...
Use an offer in compromise to escape IRS tax debt
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...
Sales tax for online transactions could cause confusion, lawsuits
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...
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...
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...
Penalties for willful tax violations can be steep
The IRS does make a distinction between tax errors that were willful and not willful in nature. Generally speaking, taxpayers in Georgia and elsewhere will escape harsh punishment for errors deemed to be not willful. In some cases, it may be possible to avoid...