Raising children is a significant financial responsibility. A very small silver lining in this regard is that parenthood also provides valuable tax benefits that parents can take advantage of when filing their returns. Understanding which deductions, credits, and tax...
Tax Law
3 times estimated quarterly tax payments may be necessary
Most people only need to think about taxes once a year. Sometime between the end of January and the middle of April, they file an annual income tax return with the Internal Revenue Service and the state. They may even receive a sizable refund because their employers...
Was it tax evasion or just tax avoidance?
Taxes are due annually, often several times a year if someone is an independent contractor. Paying a significant portion of one's wages to the Internal Revenue Service (IRS) and state government can be a frustrating experience. Hard-working employees and business...
4 myths about taxes
Taxes confuse many people. Because of this, the internet is littered with misinformation on what you can and can’t do with your taxes. Taking advice from someone that doesn't understand taxes could cause your legal problems. You may be able to avoid issues with your...
Minimizing your income taxes is legal up to a certain point
Those living in Georgia are subject to multiple taxes. There is a sales tax throughout the state, as well as taxes that apply to those who own real property. There are also state and federal income taxes that people have to pay every year. Some of these taxes allow...