Latest News

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...

IRS Cracking Down on Identity Theft

With Identity Theft on the rise, the IRS is taking precautions to protect taxpayers. One of the more common schemes that occurs at this time of year is when someone files a tax return requesting a refund, and...

Ports Activity Job Tax & Investment Tax Credits

Businesses or the headquarters of any such businesses engaged in manufacturing, warehousing and distribution, processing, telecommunications, tourism, or research and development that have increased their port...

Unwinding Roth Conversions

In view of the decline in the stock market, a taxpayer might wish to reverse a Roth IRA conversion if the value of the assets decreased following the conversion to avoid paying taxes immediately on a...

News