If you are among the many Atlanta area residents who filed your taxes before the deadline, you might be eagerly waiting for your refund to show up in your account. The IRS has a standard time-frame for how long it takes them to process most tax returns. Though they provide an expected date for you to receive your refund, issues can occur that cause delays.
Like most Americans, you may be concerned that the IRS will one day audit you. It has not happened yet, but you are convinced that it will. It is only a matter of time.
Filing taxes is a confusing and sometimes stressful process for many people. To ensure that they file properly, many people seek assistance with their taxes.
The Internal Revenue Service continues to make changes to its amnesty programs for U.S. taxpayers who hold offshore accounts.
Many individuals owe back taxes, which can weigh on their finances. Thankfully, there are tax relief programs in place to assist these people.
Tax law in Georgia can be a complicated matter. If you owe back taxes to the state, the government may begin a collections process to recoup the taxes you owe.
If you are thinking of starting a new business, what form will it take? There are several choices ranging from a sole proprietorship to an S corporation, and much will depend on the kind of product or service you plan to offer.
Every United States person, whether citizen, permanent resident or resident alien, must file an FBAR with the U.S. Treasury Department under certain circumstances. FBAR is the Foreign Bank Account Report, or FINCEN form 114.
Some people only have to hear the words “IRS lien” or “IRS levy,” and they break out in a cold sweat. This may be because they are not quite current on their income tax obligations.
A Chapter 7 bankruptcy is designed to give the debtor a fresh start by discharging most debt. Tax debt under a bankruptcy is very complex. Sometimes, it can be discharged, but it depends on multiple factors, such as the type of tax, whether the debtor filed a return and the type of bankruptcy. For example, payroll taxes or penalties for fraud are not generally dischargeable.