What Business Owners Should Know About The Tax Cuts And Jobs Act
This is part 2 of a 2-part series on the proposed Tax Cuts & Jobs Act and generally covers the provisions applying to small businesses and self-employed taxpayers.
9Nov
8Nov
How Will The Tax Cuts And Jobs Act Impact You?
This is Part 1 of 2 in a series on the proposed Tax Cuts and Jobs Act. This part covers the provisions that apply to individual taxpayers. Part 2 covers the small-business provisions.
1Nov
Is Your Interest Expense Tax Deductible?
When borrowing money taxpayers often ask if the interest will be tax deductible. The answer to the question can be complicated and you’ll learn that not all interest you pay is deductible. The rules for deducting interest depend on whether you use the loan proceeds for personal, investment, or business purposes.
25Oct
Settle Your Georgia Tax Problems with an Offer in Compromise
Some taxpayers who come to us seeking an IRS tax settlement also owe state income taxes. Each state has its own rules and regulations to resolve back taxes. For those taxpayers who have Georgia tax problems, you should know that Georgia has an Offer-in-Compromise (‘OIC”) Program that allows you to reach a tax settlement for an amount less than what you owe.
20Oct
Don’t Incur Costly Tax Penalties
Many tax penalties are substantial and can significantly increase the amount you owe the IRS. Penalties can be assessed for various reasons, with some resulting from a taxpayer’s carelessness, overstatement of deductions, failing to report income, or procrastination.
29Jun
National Taxpayer Advocate Issues Mid-Year IRS Report Card
The National Taxpayer Advocate (NTA) Nina Olson released her mid-year report to Congress. It presents a review of the 2017 filing season and identifies the top issues the Taxpayer Advocate Service (TAS) will address during the upcoming year.
30May
IRS Rolls Out New Private Debt Collection Program
In April, the IRS began mailing letters to a small group of taxpayers whose past due tax accounts are being assigned to one of four private debt collection agencies. The program will expand to thousands of other taxpayers later in the spring and summer.
22Apr
Frequently Asked Questions About IRS Tax Relief Services
Are you in need of IRS tax relief services? Here are 10 of the most frequently asked questions by taxpayers seeking IRS tax debt help.
18Mar
Thinking of Selling Business or Investment Property? Consider a 1031 Exchange
If you’re a business owner with highly appreciated business or investment real estate there is a tax planning strategy you should know about before you consider selling your property. It is a Section 1031 “like kind” exchange.
18Feb
You Can Still Make An IRA Contribution For Last Year
Taxpayers wanting to make an IRA contribution for 2016, have until the unextended due date for filing their 2016 return, which is April 18, 2017. Contributing to an IRA has several benefits, the most important one being that you are saving for your retirement.
