Tax & Bankruptcy Blog

The Atlanta tax and bankruptcy attorneys at Wiggam & Geer are dedicated to helping their Georgia clients (both individuals and businesses) solve their financial problems. Part of that commitment includes making sure our clients stay up to date with relevant news. Whether you’re faced with filing for bankruptcy or need help navigating problems with the IRS or a Georgia tax authority, we’re here to keep you informed with the Wiggam & Geer Tax & Bankruptcy Blog. If you need answers about your specific situation, contact us to schedule a case consultation in Atlanta and see how we can get the best resolution for you.

Important Updates for Tax Year 2022 

Important Updates for Tax Year 2022 

Each year the IRS makes inflation adjustments for several deductions, the tax rate schedules, and a host of other tax provisions. While Congress continues to debate several tax issues including estate and gift tax changes, the IRS moved forward with its annual...

read more
What to Do When the IRS Questions a Deduction?

What to Do When the IRS Questions a Deduction?

You’ve received a letter from the IRS requesting supporting documentation on one of your deductions. Does this mean the agency will disallow the item and you’ll owe additional taxes, penalties, or interest? Not necessarily.  Each year, the IRS chooses returns for...

read more
Preparing to File Next Year’s Tax Return 

Preparing to File Next Year’s Tax Return 

As year-end 2021 approaches, it’s a good time to start organizing for 2022 tax season. Steps you take now can save you headaches – and possibly avoid penalties -- next spring. In addition to making sure you know the deadlines and have withheld enough tax, you’ll also...

read more
What Triggers an IRS Tax Audit 

What Triggers an IRS Tax Audit 

Do you cringe every time you receive correspondence from the IRS, in fear the letter contains news you have been chosen for an audit? If so, you are not alone. These fears, however, are largely unfounded. Only a small portion of US taxpayers are audited each year and...

read more
Filing Taxes as a Victim of Identity Theft 

Filing Taxes as a Victim of Identity Theft 

If you tried to electronically submit your tax return and the IRS kicked it back noting that you had already filed a return, you might be the victim of tax-related identity theft. Don’t panic but do immediately contact the IRS and plan to file a paper return as well...

read more
Understanding Captive Insurance Litigation Cases

Understanding Captive Insurance Litigation Cases

The IRS has been targeting micro-captive insurance companies for the past several years, and included abusive micro-captive arrangements on the agency’s Dirty Dozen list of tax scams again this year. Why is the IRS so intent on pursuing these companies and vigorously...

read more
IRS Cryptocurrency Tax Cases

IRS Cryptocurrency Tax Cases

While cryptocurrency transactions have yet to hit the IRS’s top list of tax scams, the agency has been watching the market for the past few years and making advances toward ensuring cryptocurrency transactions get reported and related taxes paid. From requiring...

read more
What You Need to Know About Federal Tax Liens

What You Need to Know About Federal Tax Liens

Have you ignored an IRS notice that you owe tax debt? If so, the agency’s next step could be placing a lien on your property. A federal tax lien is a legal claim by the government against your assets that is filed when you have failed or neglected to pay your tax...

read more
IRS Penalty Appeals

IRS Penalty Appeals

If you failed to file your tax return or didn’t pay your taxes on time, you will likely receive a CP501 or other IRS notice detailing the amount you owe, including penalties and interest. Most taxpayers assume the penalties are unavoidable, but you can successfully...

read more

Contact Us for Help!

Fill out our contact form for a case evaluation.
  • This field is for validation purposes and should be left unchanged.