Sales Tax Attorney Atlanta
Understanding the Role of a Sales Tax Attorney in Atlanta If you are reading this entry, then chances are that you are either being proactive about an audit, or you are currently going through an audit. A popular question among business owners is when you have to charge a service as part of the gross […]
International Gifts Tax Attorney Atlanta
Overview of Reporting Foreign Gifts If you are a U.S. person who received foreign gifts of money or other property, you may need to report these gifts on Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts. Form 3520 is an information return, not a tax return, because […]
Georgia Sales Tax on Home Contractors
Sales Tax Questions from Contractors With summertime around the corner, a lot of our clients have been asking us about the sales tax that they need to collect from their clients. For example, a client of ours that sells kitchen cabinets might want to know if they need to collect sales tax on the merchandise […]
FBAR Tax Attorney Atlanta
Understanding IRS Compliance for Expats and Foreign Accounts Whether or not you are a bank account holder in a foreign nation, the following article will help shed light on how the IRS is now targeting individuals for new compliance measures. Are you an American expat and haven’t filed a tax return in years? Have you […]
OVDI OVDP Tax Attorney Lawrenceville
IRS Changes to Offshore Voluntary Disclosure Programs In 2014, the IRS made major changes to the Offshore Voluntary Disclosure Program (OVDP) and the Streamlined Voluntary Disclosure Program (SDP). Note: These programs are not available to taxpayers already under an IRS audit that has been transferred to the IRS Criminal Investigations unit or whose non-compliance has […]
Offer In Compromise Attorney Atlanta
Can You Negotiate My Debt? This could possibly be our most common phone call: “Can you negotiate my debt? I heard the IRS takes pennies on the dollar.” The answer is yes or no depending on your financial situation. Below are examples to help explain. Let’s assume the taxpayer owes $70,000.00 in tax liability. Example […]
Streamline Offshore Disclosure Tax Attorney Atlanta
Streamlined Domestic Offshore Procedures: An Alternative to 2014 OVDI/OVDP Under the 2014 OVDI Streamlined Procedure, U.S. residents who meet certain requirements have the option of using the Streamlined Domestic Offshore Procedures to address their unreported income and/or undisclosed foreign bank accounts. Taxpayers who qualify for, and take advantage of, these procedures simply have to: This […]
OVDP Tax Attorney Atlanta
FBAR Tax Attorney Alpharetta U.S. Enforcement on Offshore Accounts More Swiss banks are concluding their discussions as part of the huge U.S. settlement. Other enforcement efforts have included the John Doe summonses issued to FedEx, DHL, UPS, and HSBC relating to Sovereign. Disclosure is clearly the best path, and the OVDP still has the highest […]
Atlanta 941 Payroll Tax Audit Lawyer
Payroll Taxes IRS Dynamite If you own a business with employees, each payroll period you must hold back from each employee’s paycheck: How much income tax is withheld from each employee’s earnings depends on the number of exemptions claimed by the employee when he or she started working for you. The FICA contribution is a […]
Sampling Method Used in Georgia Sales Tax Audits
Does Sampling Make Sense? Does it make any sense at all that the Auditor would audit your sales, then, when it came time to look through all of your books and records, they would only pick 1-3 months out of a given year and then estimate the sales and profits for the entire year? If […]