Georgia Car Lease Tax Law Change
If you are planning on leasing a car in Georgia, read this article and save at least $800 to $3,000 on your next lease. Before the Change If you were going to lease a car worth $30,000, the sales tax would have been $2,100 (7% tax rate). The $2,100 would have either been built into […]
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
Taxpayers 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. Definition of “Home” 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 January 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government. Filing Deadlines and Requirements The Protecting Americans from Tax Hikes (PATH) Act includes a requirement for employers to file their copies of Form W-2 and […]
Taxpayers Who Are Victims Of Domestic Abuse Should Know Their Rights
Understanding Financial Control and Tax 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. Taxpayer Rights Taxpayers have the right to: Innocent Spouse Relief Taxpayers also […]
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 ensure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year. Who Should Consider a Withholding Check-Up? Here are five examples of taxpayers who […]
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. Five Key Facts […]
Seven Things To Do When An IRS Letter Arrives
The 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: 1. Don’t Panic Simply responding will take care of most IRS letters and notices. 2. Read the Entire Letter Carefully Most letters deal with a […]
Georgia Liquor License Suspension Attorney
Overview If you are a restaurant or bar owner in the State of Georgia, then you might be interested in knowing that your Georgia liquor license can be suspended for reasons beyond selling to a minor. Unpaid state sales tax has become one of the most common problems faced by vendors of liquor in the […]
Debt Cancellation May Be Taxable
If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016. 10 Tips About Debt Cancellation 1. Main Home If the canceled debt was a loan on a taxpayer’s […]