RECENT BLOG POSTS
In our Atlanta tax practice, we meet individuals every day who have unfiled tax returns.  We have seen situations where returns have not been filed for years, or even decades. When the IRS discovers a non-filer (a common occurrance in our age where the internet makes it hard to hide from the gove...
11/06/2018
There is good news to share for Atlanta residents with back taxes owing to the IRS. The IRS has a streamlined installment agreement program, which until 2017 allowed a taxpayer to agree to a payment plan without providing any financial analysis or supporting documents.  The requirement to partici...
10/29/2018
 Sales taxes and payroll taxes are collected by business from their customer or employees.  They are held in trust by the business for the government (either the Georgia Department of Revenue or the IRS), until such time as they are remitted to the government. Sales taxes and payroll taxes are kn...
10/28/2018
 To be clear at the start, a large percentage of Atlanta criminal tax cases results in jail time for the taxpayer. Criminal tax cases must show criminal intent, meaning that the taxpayer intended to defraud the government.  Of course, the the government will have to prove this to a jury.  They wi...
10/24/2018
 IRS auditors are looking for cash-based businesses to audit.  We particularly see this in the Atlanta market.  The thinking is that owners of those businesses are most likely to be hiding "cash under the mattress" in order to pay less tax.    Here is a short list of cash-based businesses that ha...
10/23/2018
 I mentioned in previous posts that the IRS requires taxpayers to be current with their tax return filings and estimated tax payments in order to negotiate an installment agreement or a settlement to reduce taxes (the offer in compromise). For taxpayers who find it difficult to get current with t...
09/03/2018
 The Offer in Compromise program allows taxpayers to settle their IRS tax debt for less than they owe. It is basically saying to the IRS, "I cannot afford to full pay. Please accept less."  Here are five things you need to know if you want the IRS to accept your Offer in Compromise:  1. Tax Compl...
08/13/2018
 Let's say that a married couple lives in Atlanta and they have not filed tax returns in several years.  They like the idea of an Offer in Compromise, where they make a deal with IRS to pay less than the full amount of the the back taxes due.  However, the IRS will only discuss payment arrangemen...
08/09/2018
    There are a lot of myths floating around Atlanta about federal tax liens.  Here are three myths about tax liens - and the truth about them.   1.  Tax liens must be paid first, before any other creditor.  Not True!  Tax liens only take priority over non-secured debt, such as credit cards.  Tax...
08/06/2018
Residents of Georgia:    Where to go, and what to do, when faced with a federal tax lien Check out our latest blog post on the topic, including practical tips for residents of Atlanta and beyond. Click Here for Info on Tax Liens Gary Massey, CPAMassey and Company CPA10 Glenlake Parkway, Suite 130...
08/01/2018
Rainmaker
14,337

Gary Massey, CPA

Atlanta's Small Business CPA
Ask me a question
*
*
*
*
Spam prevention