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Georgia—Sales and Use Tax: Consumable Supplies Added to Manufacturing Exemption

Georgia legislation has been enacted affecting the sales and use tax exemption that applies to (1) the sale, use, or storage of machinery or equipment necessary and integral to the manufacture of tangible...

Beware of Tax-Related Scams

With the 2014 tax season well underway, the Internal Revenue Service urged taxpayers to be aware that tax-related scams using the IRS name proliferate during this time of year. Tax scams can take many forms,...

Dirty Dozen Tax Scams

The IRS issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to protect themselves from a range of schemes that appear during filing season as individuals prepare their tax returns....

Tips for Taxpayers – Identity Theft and Tax Returns

The Internal Revenue Service is taking additional steps during the 2013 tax season to protect taxpayers and help victims of identity theft and refund fraud. Stopping refund fraud related to identity theft is a...

The American Taxpayer Relief Act

The "fiscal cliff" is over! President Obama signed into law the American Taxpayer Relief Act which permanently extends the Bush-era cuts for lower and moderate income taxpayers and permanently "patches" the...

IRS Procedures for Providing K-1’s in Electronic Format

The IRS has come out with official procedures for providing K-1’s in electronic format. Generally, the procedure provides rules for (1) obtaining recipients’ consent to receive Schedule K-1 in electronic...

Georgia – Income Tax: Film Credit, Job Credit Provisions Amended

Georgia has enacted legislation amending provisions concerning the film tax credit and the job tax credit available against corporate and personal income tax liabilities. The film credit has been expanded to...

Georgia -Income Tax: Nonresident Withholding, Fiduciary Estimated Tax Provisions Amended

The Georgia Department of Revenue has amended its personal income tax regulation concerning withholding on nonresident members of pass-through entities to conform with statutory changes. The amendments require...

The Dodd-Frank Act

The Dodd-Frank Act has significant effects on Real Estate Investment Fund Managers. HLB Gross Collins, P.C. is one of Atlanta’s top Certified Public Accounting firms with deep specialization in the Financial...

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