Georgia Tax Voluntary Disclosure Agreements
The Georgia Department of Revenue’s Voluntary Disclosure Agreement (VDA) program was created with the intention of bringing forth otherwise hidden tax dollars that would be sought out in an audit or criminal investigation with exponentially large penalties and interest. The program encourages taxpayers who have unfiled or underreported tax liabilities and have not yet been […]
Moving Expenses May Be Deductible
Moving Expenses May Be DeductibleTaxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Use Form 3903, Moving Expenses, to claim the moving expense deduction when filing a federal tax return.Home means the taxpayer’s main home. It does not include a seasonal home or […]
Wage Statements and Independent Contractor Forms
The Internal Revenue Service today reminded employers and other businesses of the Jan. 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government.The Protecting Americans from Tax Hikes (PATH) Act includes a requirement for employers to file their copies of Form W-2 and Form W-3 with the Social Security Administration by Jan. […]
Taxpayers Who are Victims of Domestic Abuse Should Know Their Rights
Domestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.Taxpayers have the right to: Taxpayers also have the right to request relief from the liability shown on a joint […]
IRS End-of-Year Withholding
As the end of the year approaches, the IRS encourages taxpayers to consider a tax withholding checkup. When taxpayers take a close look to make sure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year.Here are five examples of taxpayers who would benefit from a withholding check-up:• Taxpayers […]
Five Facts about Charitable Contributions
With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return.Here are five facts […]
Seven Things to Do When an IRS Letter Arrives
Seven Things to Do When an IRS Letter ArrivesThe IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: Seven Things to Do When an IRS Letter Arrives