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.
What Does an IRS Audit Letter Look Like?
Receiving a letter from the IRS can be a startling experience, especially when it concerns an audit. Since the IRS only sends a small percentage of tax filers an audit letter, people aren’t always sure what to look for. Scammers count on that fact to catch people off...
What to do if You Receive a CP2000 Notice
If your tax returns don’t match the records that the IRS has on file, then you’ll receive a CP2000 notice. Also known as an underreporter inquiry, the notice states that you can face penalties, such as taxes or interest, because of discrepancies in the information...
Filing Back Taxes This Tax Season
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...
Can I Make Installment Payments on My Tax Debt?
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...
Jason Wiggam and Will Geer Named to 2021 Super Lawyer Lists
Wiggam & Geer is excited to announce that Super Lawyers has named our founding partners, Jason Wiggam and Will Geer, to its list of Top Attorneys for 2021! Super Lawyers, a Thomson Reuters company, is an attorney rating service. Each year, through a patented...
What are Soft Letters from the IRS?
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...
IRS 2021 Tax Rates
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...
Five Tips As You Organize for the 2021 Tax Season
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...
What Happens When the IRS Suspects Criminal Tax Fraud?
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...
What Should I Do If I Missed the Extended Tax Deadline?
What Should I Do If I Missed the Extended Tax Deadline? If you waited until this fall to deal with your taxes and missed the October 15 extended filing deadline, don’t wait any longer to send in a return. Unless you are due a refund, the IRS will assess fines for not...
