Articles
- Coalition Calls Attention to New Beneficial Ownership Information Reporting Requirements
Washington, D.C. (May 15, 2023) – The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting... read more
- Information from FS-2023-13, Upcoming IRS Improvements For Small Business Owners
The Internal Revenue Service wants small business taxpayers to know they will soon see changes to help them better interact with the Internal Revenue Service in ways that work best for them. New improvements to phone service, in-person and online... read more
- Governor Kemp Signs Legislation to Support State Taxpayers
ATLANTA (May 2, 2023) | Today, Governor Brian P. Kemp signed Senate Bill 56 into law. Sponsored by Senator Chuck Hufstetler (R – Rome), this measure would require the State Revenue Commissioner to contract with the board of the... read more
- IRS Wraps Up 2023 Dirty Dozen List; Reminds Taxpayers and Taxpros to be Wary of Scams and Schemes, Even After Tax Season
IR-2023-71 — The Internal Revenue Service wrapped up the annual Dirty Dozen list of tax scams for 2023 with a reminder for taxpayers, businesses and tax professionals to watch out for these schemes throughout the year, not just during tax... read more
- Dirty Dozen: Beware of Abusive Tax Avoidance Schemes
WASHINGTON – Today the Internal Revenue Service closed out the 2023 Dirty Dozen campaign with a warning for taxpayers to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether. These schemes can... read more
- Tax Alert: GDR 600 S Corporate Tax Returns
To: Tax Preparers From: Georgia Department of Revenue Date: March 30, 2023 Re:600 S Corporate Tax Returns The Department is aware of an issue taxpayers are having with their 600 S returns where they are being refunded taxes paid. We are in the... read more
- Tax Alert - PTET Filing Issues- Do Not Amend Returns
The Georgia Department of Revenue (GA DOR) is making corrections on their end for returns filed, so no amendeds will be needed at this point. For any returns filed going forward, as mentioned in previous alerts, you should complete the... read more
- Tax Alert: For Those Preparing Form 600S or Form 700
After meeting with staff at the Georgia Department of Revenue yesterday, The Georgia Society of CPAs now understands that there are a number of issues with the PTE election and correctly filling Forms 600S and 700. For the election to be made... read more
- Tax Alert – Clarification on Filing for PTE Elections regarding HB 149 (SALT CAP Bill)
Tax practitioners have been reaching out to GSCPA and the GA DOR asking for clarification on the statute changes and regulations regarding pass through entity taxable income. This tax alert provides clarification around the following: • Whether... read more
- May 15 Tax Deadline Extended to Oct. 16 For Disaster Area Taxpayers in California, Alabama and Georgia
Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.... read more