Maximizing Tax Savings for Entrepreneurs: Understanding Reasonable Compensation for LLCs and S Corporations Chances are you’ve seen something online about the potential tax savings of
Tax deductions for auto mileage is one of the more common questions that we receive at Massey and Company CPA. There is no doubt that
Thanks to the IRS, 409A valuations are a regular part of business for companies that issue stock options to employees. This is the reality for
Reasonable compensation is a critical tax issue that owners of S-Corporations must consider. Reasonable Compensation: What is the Problem? Reasonable compensation is the perennial audit
During a 1031 exchange, the IRS requires the use of a Qualified Intermediary (QI). The QI is responsible for documenting and managing the process of
IRS Rules for Rental Property: What You Need to Know The IRS rules for rental property provide many tax advantages for the investor. In this
Georgia Tax Debt Relief The Georgia Department of Revenue allows taxpayers to settle a tax liability for less than the total amount owed. This is
What is a Levy or Garnishment? A federal tax levy is the seizure of money or other property by the government to pay off back
What is IRS Notice CP2000? IRS Notice CP2000 is one of the most common IRS letters that we see in our CPA practice. The IRS
Sales tax is an important part of doing business in Georgia. This includes retailers in the state, as well as businesses selling online or remotely
Taxpayers are selected for an audit for a variety of reasons. Some are chosen due to a document mismatch, such as a return that is
When the Sales Tax Auditor Comes Sales tax audits are on the rise in most states. This is due to budget shortfalls of states across
The Basics of IRS Payment Plans or Installment Agreements IRS installment agreements, also called IRS payment plans, are offered to taxpayers looking for a way
Section 1031 Exchange for Real Estate Investors Section 1031 allows an investor to sell real estate for a gain and then roll the proceeds into
