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 […]

Challenging a Tax Bill

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6 Ways that Work When Challenging a Tax Bill An incorrect tax bill is fairly common because of the IRS reliance on automated systems.  According to a recent report, 75% of all IRS audits are done by computers. In addition, the IRS uses computers to create substitutes for returns when returns are not filed. As a […]

Tax Returns Not Filed?

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A significant percentage of that number constitutes taxpayers who have not filed tax returns for multiple years. The IRS is beginning an initiative to target these “non-filers.” If you come into our Buckhead  – Sandy Springs CPA firm to resolve the problem of missing tax returns for you or your business, we will be sure […]

How to Get A Home Office Tax Deduction

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If you work out of a Home Office, then this article is for you. There are three key factors that go into getting the home office tax deduction. These are: Determining what qualifies as a home office. Calculating the tax deduction. The type of business you have. Let’s take a closer look at these components. […]

Innocent Spouse Relief

What is “Innocent Spouse Relief?” Married couples usually file a joint tax return.  They do this because joint tax returns generally offer greater tax benefits.  However, the extra benefits of the joint tax return come at the price of joint liability.  This means that either spouse is liable for the tax, whether from the filing […]

How IRS Audits Work [Updated for 2021]

IRS audits are fraught with mystery. Yet, IRS audits generally unfold in a routine manner. It is worth taking time to remove the mystery so people know what to expect and how to deal with it. The reaction that we see among clients in our Atlanta, Georgia accounting firm is nearly universal:  The clients receive […]

Does Bankruptcy Clear Tax Debt?

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The Basics of Bankruptcy and the IRS. Bankruptcy is one of the tools we discuss in our Atlanta CPA firm with clients who are burdened by back taxes that they cannot afford to pay.  Bankruptcy does offer tax relief, but with some critical rules and significant exceptions.  It is important that taxpayers understand how these […]

Receipts for Taxes and Small Business Accounting

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Keeping receipts for taxes and small business accounting.  Both are critical. Whether your business is small and just starting out, or it has grown into a thriving success story, keeping receipts for taxes and keeping the books is of paramount importance to protect your business and allow for continued service to your customers. In the […]

Start Preparing To File Taxes Today

Tax Season 2021 is nearly here.  Here are five tips to start preparing taxes today and make tax season less stressful. It is never too early to start preparing for tax season.  For this reason, we have arranged five tips to help people file taxes returns on time and to save money along the way. […]

Charitable Contributions: What is New?

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Deduct Charitable Contributions Up to $300 in Cash. Charitable contributions in cash of up to $300 made this year by December 31, 2020 are now deductible without having to itemize when filing taxes in 2021. The Coronavirus Aid, Relief and Economic Security Act (The CARES Act) includes several temporary tax law changes to help charities. […]