IRS Audits

Most Georgia residents might never have to face an audit from the Internal Revenue Service (IRS). The mention of the word audit can send anyone into a slight panic, but it’s almost completely unnecessary. An audit doesn’t necessarily mean you’re in trouble. Sometimes...

Maintaining a nonprofit's tax-exempt status in Georgia is critical to its success. There are specific types of activities that can jeopardize this status, so it is important to be aware of them. Private benefit/inurement If your nonprofit organization holds an IRS tax...

Although someone might submit a timely and accurate tax return, the Internal Revenue Service may launch an audit. An audit letter may arrive asking the taxpayer to support deductions or address another issue of the IRS's concern. That said, Georgia taxpayers may not...

Owning or investing in a business in Georgia can be fraught with peril. In most cases, you or your adviser can spot the red flags in time to avoid them. But in some areas, even experienced investors can find themselves in an unpleasant situation. This is especially...

No one ever wants to get audited by the IRS, but it is a reality that many business owners face. If you are one of those business owners, it is important to be prepared for the audit. IRS audits can be tricky, and if you are not prepared they can lead to big fines and...

Are you prepared for an audit of your business? An audit can be a scary prospect, but if you are prepared, it can be a lot less daunting. Understand the type of audit your business might undergo The most common types of audits are financial, compliance and...