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Wednesday, June 19, 2013

Finding the right IRS Representation in Atlanta Georgia

Find the Best Atlanta
IRS Representative at GBC
Taxes can be complicated, frustrating, and leave you a wreck for days, but just imagine you find out you are going to get a visit from the tax man or that something was wrong with what you sent in. Now the real panic sets in!

In order to hire the right person, you need to know what a tax rep can do for you. Things to look for when searching for experience Internal Revenue Service Representation.

It's time for you to find the right IRS tax representation for your Georgia taxes.

First of all, if you owe outstanding taxes, your representation should be able to help you reach a reasonable compromise. What questions will they consider to help find a middle ground between you and the IRS?
  • Is the amount of tax being required the correct amount?
  • Could you ever conceivably pay the tax owed?
  • If the answer to both is affirmative – would paying back the outstanding debt place you under extreme financial burden. 
  • Visit the IRS website. 

Since the government rejects the great majority of attempts at compromise, be certain to find representation that will pre-qualify the request. That way you are not wasting your time and even more money getting together the needed information to present your case. Which income tax documents and forms are needed?
  • Form 433-A Collection Information Statement for Wage Earners or Self-Employed Individuals
  • Form 433-B Collection Information Statement for Businesses
  • Form 656 Offer in Compromise 
  • Visit the IRS website. 

Of course depending on whether you are self employed or are running a small business that will determine which of the first two forms you will use.

Another sticky Internal Revenue Service situation arises when you can't pay your taxes on time in full. Does the government offer payment plans? While it isn't generally advertised, a representative can help you to set up a reasonable monthly plan. Look for someone who can:
  • Help with Form 9465 which is a request for a payment plan
  • Help you avoid interest and late fees by encouraging you to scrounge up as much as you can for the initial payment
  • Contact you immediately when they hear back from the IRS regarding whether your request was accepted or denied, or if you need to provide additional information 
  • Visit the IRS website. 

Your tax representation also needs to have a good grasp on penalties. Do they know the penalties for:
  • Failure to pay
  • Inaccurate filing
  • Understatement of the amount due
  • Late filing
  • Fraud
  • A frivolous return (not enough information to verify tax amount due)

There are many situations in which you would need Atlanta IRS tax representation.
Be sure to find someone who has experience in the aspect of tax law that you need assistance. Since you probably don't want to flash around problems with the IRS, the best way to find your representation is online. But if you happen to know someone who has had a problem in the past, word of mouth usually makes for good recommendations.
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Wednesday, June 5, 2013

Signs That Your Income Tax Preparer is Bad News : No Proof of Credentials

Bad Tax Preparer:
No Proof of Credentials
Warning Signs of the Bad Atlanta Georgia Income Tax Preparer:


WARNING SIGN 6


Thanks for Business, But Don't Talk About Me...

All tax preparers will have a Preparer Tax Identification Number, this PTIN is given by the IRS. You are not only allowed to see this, but you should ask for it before you have anyone new doing your taxes. Get a copy of this number, as it can help you in case of any fraudulent behavior.

Do not get scammed, follow the above “rules of thumb” and avoid any IRS trouble altogether. If you are looking for a good, high quality tax preparer for your Atlanta Georgia taxes, then you have come to the right place.

GBC Tax Services founder is Ghassan R. Ghraizi, CPA, CGMA.  
Read more about Ghassan R. Ghraizi here. Ghassan is a Certified Public Accountant, Certified Chartered Global Management Accountant, Atlanta BBB Member.  

Wednesday, May 15, 2013

Tips for How Businesses can Handle Payroll Tax Troubles With The Internal Revenue Service

Steer Clear of Misfiling
Payroll Taxes
It is not a mistake that the majority of small businesses in Atlanta Georgia with payroll tax troubles are seeking IRS representation. 

Why? Because the Internal Revenue Service can be a real bull dog when it comes to collecting this tax. In many ways, it is the most serious tax of all.

As a business owner, it makes sense for you to become more knowledgeable on how to deal with your own payroll tax issues. Once you understand what to do and why to do it, that is when you can steer clear of heft damages caused by misfiling your payroll taxes with the IRS. 

Also, it means less money you may need to spend on Atlanta IRS representation! (Or hiring a firm for audit help).

The easiest way to stay out of trouble is by using a bonded payroll tax service to both file and make all payroll tax deposits. This helps cover you in case there is an issue. Also if you can only make partial payments, it is very important to write on the check that your contribution should go to  the trust fund portion of the tax. Along with writing it on the check, enclose a letter stating you have designated the funds to the trust fund portion of the IRS payroll taxes.

The trust fund portion of Atlanta IRS payroll taxes consist of:
  • Employee's income
  • FICA contributions
The smaller part is the employer's share of the FICA contribution, which is not subject to the actual Trust Fund Recovery Penalty. While this reduces what the Internal Revenue Service can assess against your business by only an 8%, it is important to stack the odds in your favor and every little bit helps.

Don't let your small Atlanta based business be overcome by problems with the IRS.  Call GBC IRS Income Tax Representatives today (678-366-9232) for all your income tax needs and representation.

GBC Tax Services founder is Ghassan R. Ghraizi, CPA, CGMA.  Ghassan is a Certified Public Accountant, Certified Chartered Global Management Accountant, Atlanta BBB Member.  
Read more about Ghassan R. Ghraizi here.

Wednesday, May 1, 2013

Signs That Your Income Tax Preparer is Bad News : History of Bad Behavior

Bad Tax Preparer:
History of Badness
Warning Signs of the Bad Atlanta Georgia Income Tax Preparer:


WARNING SIGN 5


History of Badness

It is easy to check out a tax preparer before using them. In this digital age, you can almost do a google search about any serious professional and find them online, and along with their customers that had used them in the past.

For old school background checks, you can check out the state's board of accountancy if you are using a Certified Public Accountant (CPA).

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

Wednesday, April 17, 2013

Do you need to meet with your tax representation prior to being audited by the IRS?

Having excellent experienced tax 
representation is extremely
 important and invaluable
during an audit by the IRS.
People who acquire tax representation for their tax audits, often wonder whether or not they need to meet with their actual tax representative.

The good news is that if your time is extremely valuable and you hire tax representation to represent you to the IRS, you usually do not need to meet up with them at all. 

Through the Power of Attorney (form 2848), your tax representative can handle all the dealings with the IRS on their own. This includes even being able to sign final agreements with them after the tax audit of your business is complete.

One thing to note is that tax representation can be extremely useful for people who are incredibly busy, however there is a caveat that needs to be talked about. The IRS can still force you to appear by using what is called an “administrative summons”. This administrative summons is most often used if your IRS representative is not cooperating with the IRS and sharing all the details they are looking for. Often this happens too if they are expecting or have suspicions of some sort of fraudulent behavior with your filing.

In this case, having very good tax representation is extremely important and invaluable. They can help you save yourself from possible pending criminal charges which the IRS take extremely serious. If you do know you filed wrongly, or inaccurately, you should hire help right away to help you correct the mistake.

Often people in this situation succumb to:
  • Fabricating receipts
  • Fabricating records to support invalid deductions
  • Lie to the examiner about income or other items

High quality tax representation whether you are in Atlanta, Georgia or anywhere else is money well spent and is often worth its weight in gold (solid gold).

Typically, it is very difficult for the IRS to prove underlying tax evasion. Doing any of the above three things though is what on average leads to the taxpayers ultimate downfall. Honesty truly is the best policy. Regardless, having a good tax representative who is well versed in criminal cases or potentially criminal cases could end up saving you from the wrath of the IRS.


GBC Income Tax Services is a proud member of the Atlanta Better Business Bureau, is an accredited BBB member with an A Rating.  
Visit our BBB profile here.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

Wednesday, April 3, 2013

Signs That Your Income Tax Preparer is Bad News : Lies About Tax Breaks

Bad Tax Preparer:
Lies About Tax Breaks
Warning Signs of the Bad Atlanta Georgia Income Tax Preparer:


WARNING SIGN 4


The Big Lie About the Ethnic Tax Breaks...

Anyone that tells you that you get a tax break based off your race or religion, is an idiot or a scammer. Since even idiots know we are all taxed more or less the same, you can bet that this person is a scammer and you need to stay away from this person.

For example in the last 10 years or so, there has been a scam running targeting African Americans stating they get tax breaks due to slave era reparations. This is just absolutely false, and if you get sold some of this snake oil, you know it is time to run away before you get hurt and lose some serious money.

GBC Income Tax Services is honest and upfront about your income tax.   
Read more about GBC Income Tax Services here. We provide Atlanta expert income tax filing services for individuals and small businesses, including partnerships, single member LLCs, and corporations (C and S Corps).

Read Warning Sign 1: Asking You to Lie About How Giving You Are
Read Warning Sign 2: They Look Like They're Officeless...
Read Warning Sign 3: Not Asking For Documentation

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

IRS Website for Small Business and Self-Employed: Get the Tools You Need Now

Protect your valuable business
by hiring expert CPA consulting.
Visit the IRS Small Business and Self-Employed Tax Center here! 

SB/SE serves taxpayers who file Form 1040, Schedules C, E, F or Form 2106, as well as small businesses with assets under $10 million.

Get a plethora of tools and forms to help you in your small business and contact GBCTax for all your accounting, auditing, payroll and HRMS needs. We will help your business grow as we spotlight it: Julia Makarishcheva has earned an MBA from Georgia State University. Julia focuses on small business writeups at GBC Services LLC, and her focus and passion include audit and business analysis.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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Wednesday, March 20, 2013

Atlanta Payroll Tax Problems with the IRS? No Worries. We Got You Covered.


Haste makes waste
If you are in Atlanta and are having payroll tax problems with the IRS, fear not anymore. There is indeed a solution. There is a few things you should know about payroll taxes though, crucial knowledge that could help you avoid legitimate problems with the IRS as long as these rules of thumbs are followed and guidelines applied.

First things you need to know before getting Atlanta IRS representation is what to hold back from every employee's paycheck:
  • Federal (and if applicable state) income taxes
  • FICA contributions (for such programs as Social Security and Medicare) 
  • READ MORE ABOUT FICA  
Knowing that going in, it will be a whole lot easier to help you out of your Atlanta IRS based problems should you ever need professional audit help.

Other important notes for an employer to know to help them with their Atlanta payroll tax problems:
  • How much income tax to withhold depends on the numbers of exemptions claimed by the employee.
  • FICA contributions from a percentage of gross earnings earned by the actual employee in which you must either match to a certain percentage, or fully.
  • Use a federal tax deposit form with your payment (makes things way easier)
Along with these, there are also a couple things you must make sure you always send to the IRS. If you do not send these to the IRS, then you may indeed find yourself needing Atlanta IRS representation.  The Atlanta IRS requires this information by federal law, so it is best to make sure you send it over:
  • Form 941 Employer's Quarterly Federal Tax Return. Form is filed every 3 months whilst your business maintains employees. This report shows the employees' federal income tax and FICA withheld for the previous quarter.
    Download Form 941
  • Form 940 Employer's Annual Federal Unemployment Tax Return or FUTA. Filed once a year, and is used to calculate federal unemployment tax. It is important to note that the FUTA tax is paid by the actual business and is not withed from the employee's check.
    Download Form 940
If you find yourself failing in this area of Atlanta IRS representation for your business, do not fret. The Atlanta IRS has reported that the vast majority of businesses are often late, or mess up, their taxes. While the Atlanta IRS considers payroll taxes the most serious of all the tax debts, often they will be willing to work with you as long as you pick the correct Atlanta IRS representation.  

Be careful with payroll taxes, as Atlanta IRS collectors can be extremely tenacious if you owe any payroll taxes whatsoever. 

If you do find yourself in trouble, give GBC Tax a call today to help with your Atlanta IRS representation, the sooner the call the sooner your payroll tax problems can be fixed.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

Wednesday, March 6, 2013

Signs That Your Income Tax Preparer is Bad News : Not Asking For Documentation

Bad Tax Preparer:
Not Asking for Documentation
Warning Signs of the Bad Atlanta Georgia Income Tax Preparer:


WARNING SIGN 3


No Questions Asked = Bad Taxes

If your Atlanta Georgia income tax preparer is not asking for:
  • Thorough financial records
  • Without looking at all your info
  • They avoid lots of documentation
  • Asks to e-file your return with your last pay stub before you receive your Form W-2.

Some things that LEGITIMATE tax preparers will ask for:
  • W2
  • Annual reports dealing with your investments and assets
  • The pay stubs from your job, along with a few additional employment info
  • Children's Social Security numbers (if applicable)
  • Child custody proof in order to claim dependents

This could be some big red flags for a scam.  Run the other way fast...

Run to GBC Tax Service.

Read Warning Sign 1: Asking You to Lie About How Giving You Are
Read Warning Sign 2: They Look Like They're Officeless...

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!

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