by Wiggam & Geer | Feb 26, 2021
Filing Back Taxes This Tax Season If you suddenly realized you made a mistake on your last tax return and owe more money to the IRS, don’t panic. The tax agency has procedures in place for this issue, as does the state of Georgia. Depending on the mistake, it can be...
by Wiggam & Geer | Feb 26, 2021
Can I Make Installment Payments on My Tax Debt? If you owe the IRS money and cannot pay the entire amount at once, you might consider applying for an installment payment plan. While these agreements provide you with relief from having to immediately pay the IRS, they...
by Wiggam & Geer | Jan 29, 2021
If you have received a letter via regular mail from the Internal Revenue Service (IRS) asking about a tax position you took on a recent return or requesting additional information, it was likely a soft letter. These letters are one of several pre-audit tools that the...
by Wiggam & Geer | Jan 27, 2021
A new year brings new tax rate schedules and other updates from the Internal Revenue Service (IRS), including a new standard deduction, an increased Alternative Minimum Tax exemption, and changes to the capital gains tax thresholds. Each year, the IRS makes inflation...
by Wiggam & Geer | Dec 31, 2020
It might only be January, but it’s never too early to prepare for tax season. While the deadline for filing 2020 returns isn’t until April 15, 2021, you should start gathering documents and other information now. Both individuals and businesses have the opportunity to...
by Wiggam & Geer | Nov 30, 2020
What Happens When the IRS Suspects Criminal Tax Fraud? When you hear the word “criminal” combined with the words “tax fraud,” you might think of Al Capone, the 1930s gangster who was finally jailed when he pled guilty to tax evasion. But criminal tax fraud isn’t...
