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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!

Wednesday, February 20, 2013

Advice On Dealing With The IRS from eHow's Money Section

Read Notices from the IRS
Immediately and Thoroughly
IRS problems are extremely unsettling. While you are likely to feel panicked and overwhelmed, following the steps below will assist in solving your tax issues in a timely fashion.

Do not let a notice from the IRS sit around without taking action. 

The notice will contain a payoff date for any liability noted. A timely resolution to your problems is crucial to minimize the effect of penalties and interest on this and any money you owe.

  • Read the IRS notice several times. The notice will be difficult to fully understand if you read it only once. 
  • Make notes on what the IRS is asking for, including the tax year the notice...

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

Wednesday, February 6, 2013

Signs That Your Income Tax Preparer is Bad News : No Storefront

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


WARNING SIGN 2


They Look Like They're Officeless...

When I mean officeless, I mean a Georgia tax preparer's office is in a sign less building and a empty storefront. Sad for the ethically moral startup (or the skillfully incompetent but good hearted preparer) anyone who cannot generate enough business to invest in at least some nice branding probably should be avoided.

Would you really trust someone in a rotting can of an office with your most precious financial records? And to top it off you are trusting this person to give you good financial advice? Probably not the best of choices to get your Atlanta Georgia taxes done by.

Read Warning Sign 1: Asking You to Lie About How Giving You Are

GBC Income Tax Services is locate in Atlanta at 1950 North Park Place SE, Suite 150, Atlanta, GA 30339-2097.  Stop by today and let use help your with you State and Federal tax needs or any IRS Representation.
Read more about GBC Income Tax Services here.

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

Wednesday, January 16, 2013

How to Find the Right IRS Tax Representation in Atlanta Georgia

Find the Best Atlanta
IRS Representative at GBC
It's time for you to find the right IRS tax representation in Atlanta Georgia. 

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!

What can you do in such a crisis?
In order to hire the right person, you need to know what a tax rep can do for you. Here are some things to look for when searching for experience Internal Revenue Service Representation:
First of all, if you owe outstanding Georgia 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, January 2, 2013

Signs That Your Income Tax Preparer is Bad News : Asking You to Lie

If you are searching for a high quality Atlanta Georgia income tax preparer, there is a few things you should watch out for. The IRS can be totally unforgiving if you fail to deliver the taxes to the tax man, and they can be even more brutal if they find you are misfiling or exaggerating your claims.

With that all said, let us look at the 6 things to AVOID when it comes to your Atlanta Georgia income tax preparer. 

Of course, some of these just go without saying and should be common sense. However, it is known that common sense often is not very common at all, so this series will talk about these warning signs for you to avoid.

Bad Tax Preparer:
Asking You to Lie
Warning Signs of the Bad Atlanta Georgia Income Tax Preparer:


WARNING SIGN 1


Asking You to Lie About How Giving You Are:

Whenever a tax preparer tells you to inflate your claimed charitable donations, this person may be inflating (lying) about what you should and can do with your tax preparations. Most of the time, these kind of tax preparers are really trying to get you the most money possible because they get a percentage of the tax refund. So it makes sense that they would want to get as much of it as possible, right?
Steer clear of these folks. Lying about your charitable donations one is just wrong, and two it can get you into some stupid serious trouble with the Atlanta IRS (or ANY IRS!)

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

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