To beat the IRS, you need a legal team that understands the IRS.
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...
Mining cryptocurrency is an interesting way for some Georgia residents to make money, but it has an unclear and complex tax treatment. The IRS has not specified how and when it becomes taxable, which is important to know. Crypto mining Mining crypto is a...
The Tax Court operates between the hours of 8 a.m. and 4:30 p.m., Monday through Friday, in the state of Georgia. The United States Tax Court is a Federal Trial court, and as such, is subject to getting records of all proceedings that take place. Let’s take a closer...
Cryptocurrency investments and holdings have become a trendy way for people and businesses in Georgia to explore new financial opportunities. However, auditing crypto has become a real challenge in a legally unprecedented area. Auditing Crypto Holding cryptocurrency...
Investing in conservation donation transactions (CDTs) in Georgia can entail a wide variety of potential benefits. But a buyer should be aware that they can also carry more than their fair share of cons. This is all the more true when it comes to a special kind of CDT...
If you've invested in cryptocurrency in Georgia or are planning to, it's important to know the mechanics of how it works. This can help you understand why a particular cryptocurrency is a good investment or not, why certain costs are charged when you make...
Investment in cryptocurrency faces Georgia taxpayers with many issues. A return on your investment is very expressly not guaranteed. Yet many investors continue to take the risk. As they do so, they may be skirting around the issue of not properly reporting these...
If you're like most Americans, you probably dread tax season. Filing your federal taxes can be a daunting task, and if you're audited, it can be even worse. However, what if you think the IRS is wrong about your tax bill? What if you believe that they are trying to...