Tax Law Changes That May Affect Your 2021 Tax Return
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Tax Law Changes That May Affect Your 2021 Tax Return

Tax Law Changes That May Affect Your 2021 Tax Return The tax laws just changed in 2021, which will affect most Americans this coming tax season. The expanded child tax credit payments could impact many families’ refunds, and for the nearly 90% of Americans who claim the standard deduction. It looks like the IRS will…

State Bar of Georgia Petitions IRS Chief for Service Improvements
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State Bar of Georgia Petitions IRS Chief for Service Improvements

In December, 2022, Jeff Cohen acting in his capacity as the Chairperson of the Section of Taxation of the State Bar of Georgia, sent a letter to the Commissioner of the U.S. Internal Revenue Service to share a recent member survey of service performance being experienced with tax cases. This communication comes in response to…

Avoiding Probate with a Living Trust in Georgia
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Avoiding Probate with a Living Trust in Georgia

A living trust is an estate planning tool that allows you to avoid probate. Probate can be expensive and time-consuming, especially if your estate is large or complicated. With a living trust in Georgia, it can help to simplify the process of transferring property after death. You can also use a living trust as a…

What Does It Mean To Be Audited?
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What Does It Mean To Be Audited?

What does it mean to be audited? Well, according to the most recent data from the U.S. Internal Revenue Service, Americans owed over $114 billion in back taxes, penalties, and interest in 2020. And audits provide a means for the Internal Revenue Service and other government agencies to ensure that taxpayers are complying with the current…

Millions of Americans Are Waiting for Their Tax Refund

Millions of Americans Are Waiting for Their Tax Refund

The pandemic and recent changes in the tax code are causing unusually long delays in distributing tax refund checks. It’s May and many are checking to see when their refund check will arrive. Stories like the following from one taxpayer, Mr. Schoenherr in Indiana are growing. According to a WSJ article, “In February, Mr. Schoenherr,…

Justice Department Ramps Up Tax Avoidance & Fraud Investigations
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Justice Department Ramps Up Tax Avoidance & Fraud Investigations

Taxpayers are being urged to pay careful attention to the upcoming reporting and filing obligations according to the Department of Justice’s Tax Division. Willfully filing false tax returns or deliberate tax avoidance are serious criminal offenses. “Our criminal prosecutors are prepared for tax filing season too,” said Acting Deputy Assistant Attorney General Stuart M. Goldberg…