Support

Expense Deduction for Teachers: $50 Increase

Teaching Moment

Educator Expenses:  A Bit of Good News The IRS increased the expense deduction for teachers by $50!  While this is not earth shattering, at least it is a step in the right direction.  We like to share good news whenever we can. The Basics of Teacher Tax Deductions Teachers and other educators may now deduct […]

Past Due Tax Returns

Millions of people across the United States do not file tax returns under the mistaken belief that it is best not to file a tax return if they cannot pay the tax.  However, past due or unfiled tax returns cause a host of problems.  It is both illegal not to file and a strategic mistake. […]

Getting an ITIN the Easy Way: Certified Acceptance Agent

Amercian Flag

An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who are not eligible to obtain a Social Security number (SSN) from the Social Security Administration.  This includes non-United States citizens […]

Tax Secrets Webinar – CSG & Massey

Webinar

Check out our recent tax secrets webinar featuring Core Solutions Group and Massey and Company CPA. In this video, we discuss tax tips that law firms and small businesses can take advantage of to be successful.   ____________________________________ If you or someone you know has a tax issue relating to a business, please contact us […]

ProfitSense Podcast

Stacking coins

Family Owned Businesses In this inspiring episode of 𝘗𝘳𝘰𝘧𝘪𝘵𝘚𝘦𝘯𝘴𝘦 with Bill McDermott, Gary Massey, CPA discusses the story of his firm and how a little advance planning avoids tax headaches down the road.  Bronson Lavender, Senior Vice President with Pinnacle Bank, talks about his passion and calling for helping clients throughout his career in banking.  […]

International Tax Update: Undisclosed Foreign Accounts

Swiss Francs

International tax issues are coming in the door of our Atlanta CPA firm with greater frequency.  In part, this is expected in an ever expanding global marketplace.  Of greater concern, however, is the “perfect storm” of enhanced IRS international tax enforcement in the age of the internet.  Easily available data and information sharing between countries […]

CPA Tax Tips for New Businesses in Atlanta

Owners of new businesses call my tax and accounting office in Atlanta looking for “CPA tax tips.”  In this article I will share some of the CPA tax tips that tend to be the most meaningful, practical and useful for creating and running a new business.  Stay in Touch with your CPA  Expect your […]

Tax Debts: Post-Covid Update

In response to the economic fallout from COVID-19, the IRS suspended attempts to collect back taxes through liens, levies, seizures and other methods. We have learned that the IRS is now restarting the collection of back taxes. There are already more than 25 million taxpayers in America that are in trouble with the IRS, and […]

IRS Tax Relief in 2021

IRS Payment Plans, Tax Liens, Tax Transcripts and More:  Navigating the Tax Relief Maze. IRS tax relief includes more than just resolving back taxes.  It includes filing missing returns, reconstructing accounting records, interpreting the statute of limitations, analyzing arcane IRS transcripts and the pain and embarrassment of dealing with the IRS.  Which way should you […]

Late Tax Returns [updated for 2021]

Tax Specialist

Late tax returns?  Maybe you are due a refund?  Atlanta taxpayers, if you are behind in your tax filings by months or even years, this article is for you! We meet with new clients of our Atlanta certified public accounting firm who are due a tax refund from a prior year for which they have […]