All posts by: Paul Perdue

About Paul Perdue

The new economic relief law passed by Congress at the end of 2020 provides a bevy of tax breaks for individuals and businesses. This includes several extensions and modifications of provisions in the Coronavirus Aid, Relief and Economic Security Act (CARES) Act. The changes in the economic relief law are many (considering it was near […]

WASHINGTON — Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. This includes an additional filing extension for taxpayers with valid extensions that run out on Oct. 16, and businesses […]

By Sydney Robertson      Each year, millions of students graduate from high school. Additionally, millions of dollars in scholarships fall into the hands of students who had to ask permission to use the restroom just a few months prior. Not many students know that they might need to report parts of their scholarships to the […]

Check out the latest news from the GAEA regarding phone calls from the IRS for unpaid tax debts. In December 2015, Congress enacted a federal law that ALLOWS for private collection agencies to act on behalf of the IRS, in certain cases. It’s important to know that taxpayers WILL receive written notice of the account […]

All taxpayers should file on time, even if they can’t pay what they owe. This saves them from potentially paying a failure to file penalty. Taxes are due by the original due date of the return. Here are four tips for those who can’t pay their taxes in full by the April 18 due date: […]

Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.). In addition, if you do not elect voluntary withholding, you should make estimated tax payments on other taxable income, such as unemployment compensation and the taxable part of […]

Taxes are due April 18th this year. Taxpayers can request an automatic six-month extension of time to file your tax return. But, taxpayers beware, there is a catch! An extension is just an extension on the time to file the return; it is not an extension on the time to pay! Taxpayers are required to […]