Sales Tax Audits and Sales Tax Audit Defense
Sales tax audits are on the rise in most states. This is due to budget shortfalls of states across the country. In fact, state auditors are much more aggressive than the auditors at the IRS. The state has the power to do massive damage to a business as a result of a sales tax audit, […]
IRS Negotiation: Resolving a Tax Debt
Negotiation with the IRS to Settle a Tax Debt IRS negotiation of tax debts is a fundamental part of our tax practice. Typically, tax debt negotiation is required when the taxpayer owes taxes, penalties and interest to the IRS that they cannot afford to pay. A tax debt can be for one year or for […]
Trust Fund Recovery Penalty
The Trust Fund Recovery Penalty is a very severe set of rules that are meant to encourage voluntary compliance with our payroll tax laws. Payroll taxes includes the income tax and Federal Insurance Contributions Act (“FICA”) taxes that are withheld from every employee’s paycheck. It also includes the employer portion of FICA. The business pays […]
Immigration and Taxes
The Connection Between Immigration and Taxes Immigration and taxes have a lot to do with each other. In fact, taxation and immigration go hand in hand throughout the USCIS immigration process. With over 11 million undocumented immigrants in the US (according to a recent study of the Migration Policy Institute), immigration tax services are in […]
Divorce, Taxes and Conflict of Interest: Working with a CPA
Conflict of interest can get in the way of independent representation in a divorce or business dispute. Divorce often results in a conflict of interest. In the context of divorces, a conflict of interest occurs when the advice of the CPA may provide a benefit to one spouse at the expense of the other spouse. […]
Georgia Sales Tax
How The Georgia Sales Tax Affects Your Business Sales tax is an important part of doing business in Georgia. Sales tax impacts retailers in the state, as well as businesses selling online or remotely from out of state to customers in Georgia. Does Georgia Have a Sales Tax? Georgia sales taxes represents a significant tax […]
Georgia Sales Tax Exemption
Are 501(c)(3) Non-Profit Organizations Exempt from Sales Tax in Georgia? Sales tax is an important part of doing business in Georgia. The Georgia sales tax impacts sellers throughout the state, as well as businesses selling online or remotely from out of state to customers in Georgia. However, the Georgia sales tax rules for 501(c)(3) non-profit […]
Guide to Tax Rules for Rental Real Estate
The tax rules for rental real estate investors offer many tax advantages. Due in large part to the tax advantages, investing in real estate is very popular among people looking for an alternative source of income or side gig. Our Atlanta-based CPA firm probably sees more tax returns with real estate issues than just about […]
1031 Qualified Intermediary
Section 1031 Exchange for Real Estate Investors – The Basics 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 a 1031 exchange. This article reviews the role of a QI and what to look for when choosing one. Section […]
Tax Levy vs Garnishment: What is the Difference?
How to Handle an IRS Tax Levy or Wage Garnishment Is there a difference between a tax levy and a garnishment? A federal tax levy is the seizure of money or other property by the government to pay off back taxes. A garnishment is a type of levy, where the IRS seizes wages to pay […]