News | Jeffrey L. Cohen, Attorney at Law | Atlanta, Georgia

/News | Jeffrey L. Cohen, Attorney at Law | Atlanta, Georgia/

Keeping Proof of Your Tax Deductions

When filing your tax returns, you do not need to submit documentation that supports your business or personal deductions. However, the IRS can request this information on demand, so you definitely want to have documented proof in your files just in case. The documentation you need will depend on whether you are claiming a business [...]

By | 2018-02-08T17:09:58-04:00 |Uncategorized|Comments Off on Keeping Proof of Your Tax Deductions

Properly Classifying Your Workers: Employees or Independent Contractors?

Small businesses frequently hire people to work for them. Whether these hires are classified as employees or independent contractors impacts whether an employer must withhold income taxes and pay unemployment, Social Security, and Medicare taxes. Improperly classifying employees as independent contractors is an area of concern for the IRS, so small business owners should carefully [...]

By | 2018-02-08T17:00:05-04:00 |Uncategorized|Comments Off on Properly Classifying Your Workers: Employees or Independent Contractors?

Can I Stop an IRS Wage Garnishment?

When you owe the IRS money, the government has many tools at its disposal to collect that money from you. One of its most powerful tools is wage garnishment, in which the government notifies your employer to send the IRS a portion of your paycheck. If you’re facing wage garnishment, you can stop it in [...]

By | 2018-01-10T21:57:37-04:00 |Tax Penalties|Comments Off on Can I Stop an IRS Wage Garnishment?

Can I Defer Payment on My Taxes?

In some situations, it is possible to delay making payment. Taxpayers with student loans know that they can defer making required payments if they show that they don’t have enough money each month. Something similar can happen with the IRS in a process called being declared “Currently Not Collectible.” This isn’t easy, and you’ll need [...]

By | 2018-01-10T21:53:14-04:00 |Tax Deductions|Comments Off on Can I Defer Payment on My Taxes?

Types of Charitable Trust

Setting up a charitable trust is a great way to support the charities you are passionate about while also lowering your tax burden. If done properly, you can also provide for your family or other beneficiaries at the same time. In the U.S., there are generally two types of charitable trusts, which you should discuss [...]

By | 2018-01-19T18:58:18-04:00 |Tax Credits, Tax Deductions|Comments Off on Types of Charitable Trust

Innocent Spouse Cases

Spouses who file joint tax returns are typically both responsible for any deficiency. For example, if the couple pays less than they owe, the IRS can go after either spouse to recover any unpaid amounts. However, sometimes it is unfair to hold one spouse responsible for unpaid taxes, and the IRS will sometimes grant an [...]

By | 2018-01-10T21:44:06-04:00 |Tax Collections|Comments Off on Innocent Spouse Cases

Mediating an IRS Dispute

Sometimes the IRS makes mistakes. And when they do, you should fight to receive a fair and just result. Fortunately, the IRS has created an appeals process that involves negotiated settlement instead of litigation, which can save you time and money. However, you shouldn’t appeal any IRS decision without an experienced IRS tax lawyer by [...]

By | 2018-01-19T18:58:18-04:00 |Tax Collections, Tax Penalties|Comments Off on Mediating an IRS Dispute

Can I Ask the IRS to Reconsider an Audit?

Going through an audit is bad enough as is, but what happens if at the end of the process you think the IRS is wrong about how much you owe? Helpfully, a process exists to ask for reconsideration. You must carefully follow the correct steps to ask the IRS to take a fresh look at [...]

By | 2018-01-10T21:39:29-04:00 |Tax Collections, Tax Penalties|Comments Off on Can I Ask the IRS to Reconsider an Audit?

Common reasons for an IRS Audit

Most people panic when they are notified they are being audited by the IRS. The IRS audits only slightly more than 1% of all individual tax returns annually. Some of these audits are at random, but the IRS often selects taxpayers based on suspicious activity. An IRS audit is a review or examination of an organization's [...]

By | 2018-01-19T18:58:18-04:00 |Tax Penalties|0 Comments

Refundable Tax Credits

When filing your income taxes each year, you may seek to lower the amount of taxes you owe, seek the largest possible refund, or avoid paying more in taxes than you are legally required to pay. Tax credits can help accomplish all of these objectives. Typically, there are two types of tax credits available to [...]

By | 2018-01-19T18:58:18-04:00 |Tax Credits|0 Comments