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IRS TaxNews and Articles

IRS 60 Day Rollover Retirement Plans

The Internal Revenue Service today provided a self-certification procedure designed to help recipients of retirement plan distributions who inadvertently miss the 60-day time limit for properly rolling these amounts into another retirement plan or individual retirement arrangement (IRA). In Revenue Procedure 2016-47, posted today on IRS.gov, the IRS explained how eligible…
Ansari Law Firm
January 6, 2017
News and ArticlesSales Tax

Georgia Direct Pay Sales Tax

Georgia Direct Pay Sales Tax Beginning January 1, 2017, a direct pay permit cannot be used for purchases of fuel subject to prepaid local tax, purchases of meals, beverages or tobacco; purchases of local telephone services or lodging and rental charges for periods of 31 days or less for GA…
Ansari Law Firm
January 6, 2017
News and ArticlesSales Tax

Georgia Sales Tax On Labor

Georgia Sales Tax On Labor The basis for a taxable sales price for an item sold in Georgia includes the cost of materials used and the labor. 1) GDOR separates labor into different categories, so let's define each category. The most common types of labor are repair, installation, and fabrication labor,…
Ansari Law Firm
January 6, 2017
IRS TaxNews and Articles

IRS ITIN Renewal

IRS ITIN Renewal Renewing Your ITIN? Things You’ll Need Some Individual Taxpayer Identification Numbers (ITIN) expire at the end of 2016. The IRS issues an ITIN to those who have a filing or reporting requirement but don’t have and are not eligible to get a Social Security number. If you need…
Ansari Law Firm
November 4, 2016
News and ArticlesSales Tax

Airbnb Georgia Sales Tax

Airbnb Georgia Sales Tax Airbnb is a great choice for a guest that needs to choose between staying in a pricey hotel with high hotel taxes. However, there are some contingencies tied to hosting Airbnb guests and the list only continues to grow. Land Development Code. Atlanta’s Land Development Code,…
Ansari Law Firm
November 4, 2016
IRS TaxNews and Articles

Healthcare Information Reporting For Employees

Healthcare Information Reporting For Employees Health Care Information Reporting: Seven Things Employers Can Think About Now If your organization is an applicable large employer, you must report information about the health care coverage you offered to your full-time employees. As an employer, it’s not too early to start thinking about these…
Ansari Law Firm
November 2, 2016
News and ArticlesSales Tax

Georgia Gas Tax Audit

Georgia Gas Tax Audit One of the most significant bills enacted by the Georgia Legislature in 2015 was the nearly billion-dollar Transportation Funding Act of 2015 (HB 170). A key provision of the bill was a change in Georgia’s gasoline tax, taking effect on July 1. Before the change, Georgia had a two-part gas…
Ansari Law Firm
November 2, 2016
IRS TaxNews and Articles

IRS Affordable Care Act Reporting Employers

IRS Affordable Care Act Reporting Employers Under the Affordable Care Act, certain organizations must report information to the IRS and individuals about health insurance coverage. The reporting requirements apply to insurance companies, self-insured companies, applicable large employers and employers that provide health insurance to their employees. ACA information returns and transmittals are…
Ansari Law Firm
November 2, 2016
News and ArticlesSales Tax

Georgia sales tax on manufacturer rebates

Georgia sales tax on manufacturer rebates Coupons: Merchant and Manufacturers Sales price reductions arising from the use of coupons or coupon codes are treated in the same way that discounts are. We normally refer to these as “store” or “manufacturer’s” coupons. Store coupons are price reductions offered directly by the retailer…
Ansari Law Firm
November 1, 2016