VAT is a poor substitute for the real thing

by Bill Fogarty | News

Rumors are afoot that the Trump administration is considering a Value-Added Tax, or VAT, as a possible component of its tax reform efforts. Hopefully, those rumors are not true, especially if imposing a VAT does not include elimination of the Federal income tax. In...

Income Tax Fraud – The Georgia Dept of Revenue Takes Action, but …

by Bill Fogarty | News

The Georgia Department of Revenue (DOR) has the unenviable task of collecting and enforcing compliance with the Georgia tax code. Since Georgia’s income tax contributes the largest share of the state’s revenue, there’s a lot of money involved – around $11...

Tax Preparer/City Councilwoman accused of tax fraud

by Bill Fogarty | News

Income tax is so complicated, most of us turn over the responsibility for preparing our return to a professional tax preparer. Recently, that’s gotten a lot of people in trouble around south metro Atlanta, all because of one “professional” tax preparer. The Georgia...

Hitched your wagon to fallen candidate? Your enthusiasm not so great?

by Bill Fogarty | News, Newsletter

Hitched your wagon to fallen candidate? Your enthusiasm not so great? You may be one of those people who supported a candidate who has now disappeared from the scene. You may feel lukewarm about the current field, frustrated that your voice isn’t being heard, and...

You’re in an IRS Audit …

by Bill Fogarty | News, Newsletter

Auditor: “Mr. & Mrs. Taxfiler, we’ve noticed several problems in your return. Among others, you seem to have violated sections 531 a-h, 232 (c)(d), section 4 b (i). What do you have to say about this?” Taxfiler: “We’re sorry, we hadn’t studied those sections too...