If you think your corporation has a shareholders’ agreement, voting trust, voting agreement, or provisions in your articles of incorporation or bylaws for voting rights or economic/transfer rights, think again. They may have already become unenforceable under Georgia corporate law. Voting Trusts. Under Official Code of Georgia Annotated (O.C.G.A.) §14-2-730, voting trusts become unenforceable 10
The Internal Revenue Service shared a list of 12 common schemes that could threaten taxpayers, businesses, and tax professionals during this tax season. From misleading tax credits to text and email schemes, fraudsters have many ways to trick taxpayers into giving out their money and personal information. The list includes the following common threats: EMAIL
How are Expense Reimbursements Taxed by the IRS? If your business reimburses you or your employees for out-of-pocket expenses, the IRS treats such reimbursements as being made under either an accountable plan or a non-accountable plan. If reimbursements are made under a non-accountable plan, they are taxed as income to the employee and the business
On May 11, 2022 the Georgia Department of Revenue began issuing one-time tax refunds as authorized by House Bill 1302. This legislation allows for an additional refund of income taxes from 2020, due to the state experiencing a revenue surplus. Single filers and married individuals who file separately were able to receive a maximum refund
Every year the Internal Revenue Service (“IRS”) announces a list of twelve of the worst tax scams that taxpayer may encounter that year, it is referred to as the Dirty Dozen. This year’s list focuses on abusive transactions, deceitful tax companies, pandemic-related scams, and personal information scams. Taxpayers are encouraged to look out for these
