Atlanta CPA...Employment and the Trust Fund Recovery Penalty (TFRP)

To encourage employers to make on a timely basis the payment of payroll withholding, employment taxes and sales taxes IRS tax law includes a provision called the Trust Fund Recovery Penalty. These taxes are called trust fund taxes as they are actually held in trust by the employer of the employee's money. They are considered to be held in trust until they are submitted to the taxing authority by making a federal or state tax deposit for that amount.

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Atlanta CPA... IRS Trust Fund Tax Dollars

A trust fund tax are dollars that are withheld from an employee's paycheck when they are paid (including federal and state income tax withholding, Social Security and Medicare taxes) by their employer and are to be held in trust until they are due and remitted to the IRS Treasury or Georgia Department of Revenue (for state withholding). Georgia state sales taxes likewise are to be collected in trust and then are required to be remitted when due.

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Atlanta CPA...IRS Payment Plans & Installment Agreements

If you have carefully evaluated other options first (such as an Offer in Compromise or Paying the Taxes & Interest in Full, while requesting penalty abatement) frequently setting up an Installment Agreement is a viable alternative.

The IRS will allow you to set up and make monthly payments through an installment agreement if you are not financially able to pay your debts as they become due. However with an installment agreement interest and penalties will continue to be accrued, whereas paying the tax in full or an Offer in Compromise will help avoid the additional cost and fees of setting up an Installment Agreement. However if this is not an option to consider getting on a payment plan with the IRS you should:
• File all required tax returns.
• Consider a loan from other sources (banks, credit cards, friends/family etc.) to pay your tax bill in full to save you money.
• Calculate the highest monthly payment amount you can pay.
• Understand that future tax refunds will be applied to your open debt balance until it is paid in full.
There is a small fee for setting up an Installment Agreement that you and avoid if you pay the full amount you owe within 120 days.

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Atlanta CPA...Understanding an IRS Tax Levy & Your Rights

An IRS tax levy is a legal proceeding where your property is seized to satisfy a tax debt. A levy is where the IRS actually takes your property where an IRS tax lien is a security claim for a tax debt. If you do not keep your tax filings and payments current the IRS can utilize a tax levy to settle your debt and the IRS has the legal ability to seize and sell any type of property, real or personal, that you may own or have legal interest in.

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Atlanta CPA....When You Share Jesus Love with Others....
You Witness of your Love for Christ....
And Disciple Greatly....

Let today be a defining Moment...
In Your Life...
That from This Day On....
You Never Pass on the Chance.....
To Tell Others of the....
Great Faith You Have in Christ....

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What if 2012 was the Year that God Moved Your Family Greatly?
Maybe God is Waiting for you to Lead Those You Love Most to Christ...

Make this the year you chose Christ....
Whether your spouse goes with you....
Or not...

For Faith is about what You Believe...
God has a destiny for your life.

He died for you so that....
You Might Live...
With Him Forever....

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Do You Truly Believe??? 

In the Reading for James 5 I saw..

James 5:17-18 Elijah was as human as we are, and yet when he prayed earnestly that no rain would fall, none fell for three and a half years! 18 Then, when he prayed again, the sky sent down rain and the earth began to yield its crops.

God cannot be any more clear...We Have Great Power...

Think About It...

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www.HisCPA.com   Taking Christianity Into the World 

Some ten years ago when I did Tres Dias this was our verse....

And it has meant much to me since.

As we discussed it we came to learn that...

God wants us all to stand Ready...

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Atlanta CPA....Strategic Tax Advice/IRS Representation

Tax Representation is not for the meek of heart or someone who is not a CPA or is very well versed in IRS Representation issues. At His CPA PC we work hard to be sure that you pay only your lowest legal possible tax. The below is a sample letter we might send to a client to give them an overview of the issues being addressed and to strategize accordingly. Is it time you upgraded your CPA firms tax services today?

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Atlanta CPA: Are You Looking to Serve Others on Thanksgiving and This Holiday Season?    

GACS - Thanksgiving Day Volunteers needed to help with craft projects for children during Thanksgiving Day meal at Greater Atlanta Christian School

7 Bridges to Recovery-Thanksgiving Day If you want to join us on Thanksgiving Day, we always meet at the Kmart on Cleveland Avenue and I-75 at 10:00AM. We go out rain/shine/ snow/ or any other weather that comes up. We open in prayer and then break into teams to go minister in the streets and under the bridges. Everyone follows in their own vehicles/church vans and we move from location to location sharing the Good News of Christ with our brothers and sisters out on the streets. We usually finish about 4:30pm at the Garden where we have a closing and share with each other what God has shown us throughout the day. We have two different routes: The Bridges and the Bluff. The Bridges go under the various bridges of Atlanta and The Bluff is more into the streets. Each time, we prepare about 450-500 lunches for the streets and if you and your group would like to bring some lunches, please let us know and we will make the rest. RSVP is requested for groups of 10 or more or if you are planning on bringing any lunches. You can call 678-430-3698 or email 7bridgestorecovery@gmail.com go to 7bridgestorecovery.org for more information. Safe for children of all ages

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