Author Archives: davidco1
The Dreaded Letter from the IRS or Other Tax Agencies
You go to your mailbox for the usual mix of bills, junk mail, magazines and the odd postcard. That’s when you see the letter with the return address from the tax man. What do you do? Well, first don’t panic! … Continue reading
2012 State Of Georgia’s Business Climate
The word “pro-business” is likely to be used a lot in the upcoming elections. Businesses bring jobs, tax revenue and overall growth. So more and more, states are fighting for businesses to come to their cities and towns. Georgia has … Continue reading
IRS Increases Audits of High Earners
According to the IRS Fiscal Year 2011 Enforcement and Services Results report released earlier this month, the agency has been going after more high earners than ever before. According to the report, the rate of audits for those earning $200,000 … Continue reading
5 Tax Smart Tips For Your Holiday Giving
The holidays tend to be a time of giving, both to your friends and family, and to charities. According to a Red Cross survey, 7 out of 10 Americans plan on giving during the holiday season. Almost 80% said they … Continue reading
Georgia’s Business Tax Climate Rank
Unlike the actual climate, Georgia has a very moderate business tax climate. According to the Tax Foundation’s “2011 State Business Tax Climate Index,” Georgia ranks 25th among all states in tax rates. The Index compares the states in five areas … Continue reading
Tax Implications of Divorce
Studies have shown that the most detrimental occurrence to net wealth in the long run isn’t losing a job or even bankruptcy, but divorce. According to the Journal On Divorce Rate In America the divorce rate in America for first … Continue reading
Year End Tax Planning
October 17TH marks the end of the 2010 tax filing year. Everything has been calculated, sent to the various taxing authorities and the dust has begun to settle. However, there is no rest for the weary because this is the … Continue reading
Tax Tip For Caregivers
Caring for an elderly parent or chronically ill family member is an incredibly taxing experience in many ways. It can take a lot of time, energy and money to provide an optimum quality of life for a loved one. There … Continue reading
3 Tax Schemes To Watch Out For
It’s always good to get tax advice from experts. Tax advice from the wrong people, however, can also put you in jeopardy. The next time you hear about an amazing tax idea that seems too good to be true, think … Continue reading
Fraudulent Tax Returns Rise 181%
When times get tough, taxes seem tougher. That is one of the reasons the IRS is explaining the number of fraudulent returns this year. The Treasury Inspector General for Tax Administration announced that they had identified 335,341 tax returns claiming … Continue reading
