The Georgia Department of Revenue may audit any Georgia taxpayer or business. Taxpayers who disagree with the GDOR’s findings, are not without recourse and may challenge these findings alone or with professional assistance and guidance. A professional experienced in...
Month: April 2020
THE PANDEMIC AND THE NEED TO CONSIDER YOUR ESTATE PLANNING NEEDS
With all the uncertainty and anxiety caused by the coronavirus pandemic, it is only logical that the consideration and review of an individual’s estate plan may be a wise course of action in the immediate future. While experts report that most people recover from...
ABOUT GEORGIA DEPT OF REVENUE BUSINESS TAX AUDITS
Businesses in Georgia, like anyplace else, must fulfill their filing and payment obligations related to taxes pursuant to Georgia state law. The Georgia Department of Revenue (GDOR) examines tax returns to review whether the amounts for various items, such as...
HAVE YOU RECEIVED A REQUEST FROM THE IRS TO DISCUSS YOUR FBAR COMPLIANCE?
If you have been contacted by the IRS requesting that you schedule an appointment to examine your compliance with the requirement to file FinCEN Report 114, Report of Foreign Bank and Financial Accounts (FBAR), an experienced legal and tax professional can help...
CONGRESS AND IRS IMPLEMENT HISTORIC CHANGES TO ASSIST TAXPAYERS
As Congress has enacted legislative measures to address the economic impact of COVID-19, the Internal Revenue Service has established procedures to assist taxpayers. In addition to compliance activities and examinations, the IRS encourages taxpayers to respond to any...
THE CARES ACT MAKES SIGNIFICANT CHANGES TO SBA LOANS
With the enactment of the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, Congress appropriated $350 billion for Small Business Administration (SBA) Paycheck Protection Loans of up to $10 million to small businesses impacted by COVID-19. The Act...