Protecting Your Finances: Look Out for These Red Flags for a Tax Audit
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Protecting Your Finances: Look Out for These Red Flags for a Tax Audit

Receiving a letter from the IRS stating that your information “does not agree” with their records is a daunting prospect. In short, you’re being audited. Although the IRS audits less than 1% of all tax returns, the following are red flags for an IRS audit and could increase your chances of being scrutinized.

Demystifying IRS Online Payment Plans: What You Need to Know
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Demystifying IRS Online Payment Plans: What You Need to Know

The IRS offers online payment plans to help taxpayers manage their tax debt. By breaking down the amount owed into monthly payments, individuals can avoid the financial strain of a lump sum payment. These plans also help prevent severe consequences like liens or wage garnishment. Applying for a payment plan is straightforward, and taxpayers have the flexibility to choose their monthly payment amount based on their financial situation. However, it’s important to note that for larger amounts of tax debt, approval for a payment plan is at the discretion of the IRS, and seeking legal advice may be beneficial.

Protect Your Finances: How a Tax Attorney in Atlanta Can Safeguard Your Assets
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Protect Your Finances: How a Tax Attorney in Atlanta Can Safeguard Your Assets

the role of a tax attorney in Atlanta extends far beyond basic tax advice. These professionals are essential allies in navigating the intricate landscape of financial and legal challenges, offering expert guidance tailored to the unique needs of individuals and businesses alike.

Will Bankruptcy Eliminate My Tax Debt?
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Will Bankruptcy Eliminate My Tax Debt?

People in financial trouble often file for bankruptcy. Bankruptcy is a legal protection that halts collection efforts on existing debts and can allow debtors to wipe out debts completely or reorganize their finances to pay off those debts, perhaps at a reduced amount. But do these bankruptcy protections apply to tax debts? The answer is, it depends on your circumstances.

Navigating the Tax Laws: The Role of an Atlanta Tax Attorney

Navigating the Tax Laws: The Role of an Atlanta Tax Attorney

Taxes can be a complicated and overwhelming subject for many individuals and businesses. With constantly changing laws and regulations, it can be difficult to keep up with the latest requirements and avoid costly mistakes. That’s where the expertise of an Atlanta tax attorney comes in. These professionals specialize in helping clients navigate the complexities of…