Atlanta Tax Blog

Law Offices of Alyssa Whatley - blog

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IRS

Tax Relief for Victims of Pig Butchering Scams

Learn about pig butchering scams, what the IRS is doing about it, and what you can do to protect yourself.
IRS

Understanding Credit Score Risks with CNC

If you're dealing with tax debt, you've probably come across the term Currently Not Collectible (CNC) status. This designation can provide temporary relief from IRS collection efforts, but it also comes with potential risks to your credit score. 
IRS

Does CNC Affect Your Credit Score?

CNC status can provide relief by pausing IRS collection efforts, but does obtaining CNC status impact your credit score?
Update on Crypto-Friendly Tax Benefits Bills in Congress

Update on Pending Crypto-Friendly Bills in Congress and Their Tax Benefits

The crypto industry is poised for regulatory oversight and pending crypto legislation would bring tax benefits for taxpayers who trade cryptocurrency.   
Why is Crypto so popular and what does it mean for your taxes?

Why is Crypto So Popular and What Does it Mean for Your Taxes?

Cryptocurrency is a hot investment topic and if you’re investing in crypto, it’s essential that you also think about the possible tax consequences. Here's why.
Short & Long-Term Capital Gains for Crypto

Short- vs. Long-Term Capital Gains Taxes for Cryptocurrency

Once you understand how crypto assets are taxed, you can better minimize your tax liabilities.
The IRS, Cryptocurrency and Taxes

The IRS, Cryptocurrency and Your Taxes: What You Need to Know

Your crypto trading might be costing you more than you realize in the form of taxes due to the IRS. How much should you be paying the IRS?
Resolving Tax Debt with the IRS Fresh Start Program

Resolving Tax Debt with the IRS Fresh Start Program

When you haven’t paid your taxes and are riddled with debt to the IRS, it might seem like the point of no return. Help is available.
What to Do When You Receive an IRS Tax Lien Letter

What to Do When You Receive an IRS Tax Lien Letter

John knew the letters in his mailbox from the IRS didn’t contain good news. In fact, they notified him that there was a pending tax lien for $240,000 against his personal property and other assets.
Tips for Taxpayers Who are Victims of Identity Theft

Tips for Taxpayers Who are Victims of Identity Theft

If you think or have been a victim of identity theft and your tax filings with the IRS have been effected, here's what to do right now.
Understanding Your IRS CP2000 Notice

Understanding Your IRS CP2000 Notice

An IRS Notice CP2000 is sent to taxpayers when there is a discrepancy between the information on their tax return and data reported to the agency. Here's what to know about it and what to do if you receive one.
What Happens During a Tax Audit?

What Happens During a Tax Audit?

For most Atlanta taxpayers, there is no prospect more daunting than a tax audit. But what exactly is an audit, and how might one affect you?

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