State Tax Deduction For Private School Tuition
Overview Parents in many states can now get a state tax deduction for private school tuition, thanks to the federal tax overhaul passed last month. A lesser-known part of the new law lets families use state-sponsored 529 college savings plans to pay for expenses such as tuition, books, and tutoring for kindergarten through high school. […]
Registered Agent Atlanta Business Lawyer
What Is a Registered Agent? A registered agent in Georgia is a third-party person or business designated by a corporation or LLC to receive legal and official correspondence on behalf of the company. These correspondences include: Registered agents serve as the designated official point of contact for your business. The registered agent must reside in […]
2017 Tax Reform Summary of Major Provisions
Tax Rates Observation:For 2017, $600,000 of taxable income for a joint filer/surviving spouse creates a federal income tax liability of $182,830. For 2018, the same amount creates a liability of $161,379, resulting in tax savings of $21,451 Caveat:This comparison does not account for potential lost deductions in 2018 that may result in higher taxable income […]
Bitcoin Tax Attorney Atlanta
Understanding Virtual Currency and Taxation The IRS has ruled that bitcoins and other convertible virtual currencies are considered property and not treated as currency. Virtual currencies are property for tax purposes, meaning you will have capital gain or loss when disposing of virtual currency. Income is taxable, even if you are paid in virtual currency. […]
Georgia Transportation Special Purpose Local Option Sales Tax
Overview Seventy-five percent of the transportation sales tax proceeds would be used to pay for the current list of projects. The remaining 25 percent, roughly $159 million, would be divided up by local governments for officials there to decide how best to use on transportation investments, said Laura Mathis, executive director of the Middle Georgia […]
New Republican Trump Tax Bill 2017
A New Tax Cut for the Rich The final plan lowers the top tax rate for top earners. Under current law, the highest rate is 39.6 percent for married couples earning over $470,700. The GOP bill would drop that to 37 percent and raise the threshold at which that top rate kicks in, to $500,000 […]
Home Healthcare Medicaid Denials
Overview If you are a Georgia Home Healthcare service provider, then you will need to pay close attention to this article, especially as it pertains to nutritional counseling. The State government is scrutinizing this type of service and the related billing. Denial Reasons and Corrective Action For example, if a claim for nutritional counseling has […]
CMS Audits Home Health Agencies
Determining Provider Compliance with Home Health Quality Reporting Program Requirements Section 1895(b)(3)(B)(v)(I) of the Act states that: “For 2007 and each subsequent year, in the case of a home health agency that does not submit data to the Secretary in accordance with subclause (II) with respect to such a year, the home health market basket […]
Medicare RAC Program Audit
Medicare Recovery Audit Contractors (RAC) Congress created the Medicare Recovery Audit Contractor (RAC) program to help identify improper Medicare payments. RAC auditors are private contractors paid a commission by the government to: However, bounty-hunter-like incentives cause physician practices undue hardship, expense, and time away from patients. The American Medical Association (AMA) strives to ensure that […]
Medicare Audit Atlanta
Who Is Performing These Audits? Medicare Administrative Contractors (MACs)Recovery Audit Contractors (RACs)Medicare RACs & Medicaid RACsDME, Home Health and Hospice RACZone Program Integrity Contractors (ZPICs)Comprehensive Error Rate Testing (CERT)Supplemental Medical Review Contractor (SMRC)Unified Program Integrity Contractors (UPICs)Office of Inspector General (OIG) audits Brief Overview MACs are private companies that serve as contractors performing claims administration […]