Bottom Line Tax Solutions

Bottom Line Tax Solutions Bottom Line Tax Solutions assists clients with the 3 "P's" of income taxes... Tax Preparation, Tax Planning , and Tax Problem Solving..

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2022 HSA limits rise to $3,650/individuals and $7,300/families. HSAs are a versatile way to save for both medical care a...
11/19/2021
2022 Health Savings Account Limits - New contribution limits are on the horizon

2022 HSA limits rise to $3,650/individuals and $7,300/families. HSAs are a versatile way to save for both medical care and retirement.

The ever-popular health savings accounts (HSA) limits are set for 2022. The new limits increase the amounts you can save and pay for qualified medical expenses with pre-tax dollars.

Scams are getting more sophisticated and the IRS is a target. Here are tips to protect yourself.
11/05/2021
Is it really the IRS? - Four tips to ensure your security

Scams are getting more sophisticated and the IRS is a target. Here are tips to protect yourself.

Con artists impersonate IRS agents to either intimidate people into making payments or turn over their personal information. Here are some ideas to ensure this does not happen to you.

There's still time to lower your tax bill this year! Plus learn about the greatest, unreported theft in America. And you...
11/03/2021
Client Update Newsletter: November 2021

There's still time to lower your tax bill this year! Plus learn about the greatest, unreported theft in America. And you are a victim! Plus tons of other tax hints for you and your business.

Time is running out to minimize your tax obligation before the end of the year! This month’s newsletter features several tax moves to consider making by December 31st to lessen the amount of money you owe the IRS. Review the Social Security benefits and their recent changes, plus learn about t...

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review...
10/29/2021
A Dozen Tax Planning Triggers

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review your situation.

With all the recent tax law changes, here are dozen things that should trigger you to conduct a full tax planning session.

NO you do not have to pay income tax on everything! Here are some employee tax-free benefits.
10/22/2021
Employee Tax-Free Income

NO you do not have to pay income tax on everything! Here are some employee tax-free benefits.

Not all employee income makes its way onto your 1040 tax return. Here are some of the more common employee benefits that are not taxed.

Actively managing your investments throughout the year can lower your taxes, especially if you can offset losses with ga...
10/08/2021
Five Tax-Loss Harvesting Tips

Actively managing your investments throughout the year can lower your taxes, especially if you can offset losses with gains.

Using the tax strategy of tax-loss harvesting, you may be able to turn the lemons in your investment portfolio into lemonade.

The IRS has hints to determine if your identity is stolen, everyone should know this bank secret, and NFTs are a must kn...
10/06/2021
Client Update Newsletter: October 2021

The IRS has hints to determine if your identity is stolen, everyone should know this bank secret, and NFTs are a must know phenomena.

With the 2021 tax filing season just a few months away from starting, the IRS is warning taxpayers to be on the lookout for signs that your identity has been stolen. This month’s newsletter alerts you to some of the common signs of identity theft and what you can do if you discover that you&rs...

Time to file your tax return for 2020 if you have not already done so. There is no reason to leave a possible refund on ...
10/01/2021
File That Tax Return! - October extension deadline fast approaching

Time to file your tax return for 2020 if you have not already done so. There is no reason to leave a possible refund on the table, and the IRS is not going to beg to send you back your money.

The Form 1040 extended filing deadline is fast approaching. If you have not already done so, please consider filing your 2020 tax return in the next few weeks.

Ouch! Property taxes are on their way up. Here is what you can do to keep your property taxes as low as possible.
09/24/2021
How to Reduce Your Property Taxes

Ouch! Property taxes are on their way up. Here is what you can do to keep your property taxes as low as possible.

With a $10,000 limit on deducting property and state income taxes on your federal tax return, what can you do to lower your tax bite? Look at reducing your property taxes!

The IRS assumes you'll charge interest if you make personal loans, even to friends and family. Even if you don't charge ...
09/03/2021
Avoid Tax Traps with Loans to Friends and Family

The IRS assumes you'll charge interest if you make personal loans, even to friends and family. Even if you don't charge interest, you'll owe tax on an assumed rate of interest.

Lending to friends and relatives can be tricky, and not only because of the stress it can place on your relationships. There are tax issues involved as well. Here's what you need to know.

Now is the time to lower this year's tax bill! Here are ideas to do that PLUS save valuables from thieves.
09/01/2021
Client Update Newsletter: September 2021

Now is the time to lower this year's tax bill! Here are ideas to do that PLUS save valuables from thieves.

With a little over four months remaining until you can begin filing your 2021 tax return, now’s the time to kick your tax planning into high gear. Also read about several tips to protect your property BEFORE thieves arrive, how to give your business a financial check-up, and becoming aware tha...

Living in another state to work remotely or to retire often causes tax problems. Here is what you should know.
08/13/2021
You Owe Us, Not Them! - State tax authorities clamp down

Living in another state to work remotely or to retire often causes tax problems. Here is what you should know.

Suppose you work or retire in a new state with warm weather and lower taxes. If you keep a home in your original state or you later decide to return, you could have a tax problem. Here are some tips to help you stay on the right side of the state taxman.

Advance child tax credit payments are now being paid. Learn how to find the best bank for you, and how to protect your p...
08/04/2021
Client Update Newsletter: August 2021

Advance child tax credit payments are now being paid. Learn how to find the best bank for you, and how to protect your privacy from prying eyes watching everything you do.

Summertime means the 2020 tax filing season is firmly in the rearview mirror for millions of Americans! This year, summer also means more money for you thanks to the child tax credit advance payments. Find out what you need to know about these payments in this month’s newsletter. Also read abo...

If you use an installment sale to sell property, you may save on taxes by spreading out the tax over a number of years. ...
07/23/2021
Understanding Tax Terms: Installment Sales

If you use an installment sale to sell property, you may save on taxes by spreading out the tax over a number of years. But be careful! If not properly planned, you may have a nasty tax surprise.

If you use an installment sale to help sell property, including real estate, you can benefit from tax deferral and possibly lower your overall tax bill. But watch out for some tax surprises.

Lower your 2021 tax bill! Here are some great ideas. And why not think about your debt decisions? When is debt good vers...
07/07/2021
Client Update Newsletter: July 2021

Lower your 2021 tax bill! Here are some great ideas. And why not think about your debt decisions? When is debt good versus bad? You can even leverage mistakes the IRS finds in business audits.

Now that 2021 is more than half-way in the books, it’s time to kick your tax planning into high gear! Included in this month's newsletter are several ideas to help you reduce your tax bill. There is also an article that provides some ideas on how to think about debt. Some of it is good, while....

The nanny tax surprises thousands every year. Here is what you need to know.
07/02/2021
The Household Employee Problem - Don't get caught by the nanny tax

The nanny tax surprises thousands every year. Here is what you need to know.

Many famous taxpayers have been caught in an oft overlooked part of the tax code; household employees. The commonly referred nanny tax can be an expensive audit finding if not handled correctly. This is what you need to know.

Advance Child Tax Credit payments in July. This could be great. It could also create a mess for your family when filing ...
06/25/2021
Advance Child Tax Credit Payments Starting NOW! - What everyone should know

Advance Child Tax Credit payments in July. This could be great. It could also create a mess for your family when filing taxes at the end of the year. Here is what you need to know.

Advance payments of the Child Tax Credits begin now. You only have approximately two weeks to opt out of this feature before payments start arriving AND many taxpayers should do just that! Here is what you need to know.

Huge Announcement! Our Firm Bottom Line Tax Solutions is now helping taxpayers get tax relief! IRS problems are a very p...
06/14/2021
Tax Resolutions Services | Bottom Line Tax Solutions, Sugar Hill, GA

Huge Announcement! Our Firm Bottom Line Tax Solutions is now helping taxpayers get tax relief! IRS problems are a very personal type of problem and people often do not know where to turn for help, especially during times like these.

Many people just live with their back tax problem for months and sometimes years, assuming that nothing can be done about it. It’s easy for good, hard-working Americans to fall behind. Providing IRS Tax help to Georgia residents was a natural evolution for us at Bottom Line Tax Solutions.

I have come across many people who have tried to handle their IRS situation themselves (or with their current CPA or person who prepared their taxes) but didn’t receive the relief they were seeking.
The professionals on our staff know the “ins and outs” of the tax system and can negotiate a personalized solution for you.
My firm now handles IRS representation services which include: Preparation of Unfiled Income Tax Returns, Penalty Reduction, Offers in Compromise, Payment Plans, Financial Hardship Plans, Wage Garnishment/Bank Levy Releases, Audits and IRS Appeals.
We’ll listen to your IRS difficulties in our office in complete confidence at NO CHARGE. We’ll answer your questions, explain your options and suggest solutions and provide you with a written estimate of our fees to permanently resolve your IRS difficulties.

Send us a private message or check out our
website at https://www.bottomlinega.com/irs-problemshome.php

Take a look at our Tax Problems page. Bottom Line Tax Solutions specializes in tax preparation, tax planning, and tax problem solving in Sugar Hill, GA.

The only way to get a refund is to file a tax return. If you don't file a return, your overpayment turns into a donation...
06/04/2021
Don't Lose Your Refund!

The only way to get a refund is to file a tax return. If you don't file a return, your overpayment turns into a donation to the U.S. Treasury. Here is what you should do.

Too many fail to claim their tax refunds. Could this be you? Here is what you need to know.

Find out the one number you need to know! Also read about hiring your kids for a summer job, the benefits of doing a 12-...
06/02/2021
Client Update Newsletter: June 2021

Find out the one number you need to know! Also read about hiring your kids for a summer job, the benefits of doing a 12-month financial forecast and dive into the wonderful world of podcasts!

Do you know your net worth? Find out why knowing this number is one of the most important financial concepts you’ll want to understand. If you own a small business, read about why you should consider hiring your kids for a part-time summer job. Also find out how a continuous 12-month forecast....

Yikes! You just got a letter from the IRS. Here is what you should do.
05/28/2021
A Letter from the IRS! - What steps you should take

Yikes! You just got a letter from the IRS. Here is what you should do.

You got a letter from the IRS! Pulses quicken, there is a slight hesitation prior to opening the envelope, and stress levels go up. But is the letter always right?

97% of income taxes are paid by less than 50% of the households in America. So who is paying their fair share?
05/14/2021
Who Pays What?

97% of income taxes are paid by less than 50% of the households in America. So who is paying their fair share?

With all the chatter about who is paying what in federal income taxes, wouldn't it be nice to know what the IRS statistics say they collect? Here are the facts.

With the 2020 tax filing season...FINALLY... in the rearview mirror, now is the time to become aware of major changes fo...
05/07/2021
What's New in 2021

With the 2020 tax filing season...FINALLY... in the rearview mirror, now is the time to become aware of major changes for 2021. Here's what you need to know.

Here are major tax changes for 2021.

Address

4536 Nelson Brogdon Blvd, Building E Suite 1
Sugar Hill, GA
30518

Telephone

(678) 866-4048

Products

Income Tax Preparation, Tax Planning, and Tax Resolution.

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Business leaders and individuals can use these end-of-the-year tax planning strategies to lower their tax liabilities. Presented by Bottom Line Tax Solutions. https://youtu.be/0WrD3m3vuhQ
Catch up with the latest episode of The Bottom Line with Jacqueline Sheldon. Join Jacqueline and Tom Sheldon as they discuss the importance of tax planning. Radio Link-->https://bit.ly/2QkcHYr The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
On this “back to school” episode of The Bottom Line with Jacqueline Sheldon, hosts Tom and Jacqueline discuss college deductions, school taxes, and other educational credits and benefits available for parents, students and teachers. Radio Link-->https://bit.ly/2kqURFE The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
There are only two things certain in life: death and taxes. Only one of those should scare you. Let Tom and Jacqueline take the fear out of preparing your taxes with timely advice, great insight, and dependable strategies on "The Bottom Line with Jacqueline Sheldon". Catch all of their episodes at https://businessradiox.com/series/bottomline/. Presented by Bottom Line Tax Solutions.
Check out this new episode of The Bottom Line. Join your hosts Jacqueline and Tom Sheldon as they talk with Steven Julian with Infinity Wealth Management Group about tax planning for a better retirement. Radio Link-->https://bit.ly/2Kr4AV9 The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
On this episode of The Bottom Line with Jacqueline Sheldon, hosts Tom and Jacqueline discuss whether your business should incorporate or not. Radio Link-->https://bit.ly/2IdZKdZ The Bottom Line with Jacqueline Sheldon is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
On this episode of The Bottom Line with Jacqueline Sheldon, hosts Tom and Jacqueline discuss how home ownership affects your taxes with special guest Chan Roach of Northpoint Mortgage. Radio Link-->https://bit.ly/2LI5Oj1 The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
Home Sweet Taxes: How does home ownership - or selling your home - affect your taxes? Is home ownership still a good investment? Tax expert Jacqueline Atkins Sheldon shares the latest on "The Bottom Line" on Gwinnett Business RadioX, presented by Bottom Line Tax Solutions. Hosted by Tom Sheldon with guest Chan Roach Northpoint Mortgage. Listen at https://businessradiox.com/podcast/bottomline/botton-line-tax-solutions/
On this episode of The Bottom Line, join your hosts Tom and Jacqueline Sheldon as they discuss the past, present, and future of taxes. Radio Link-->https://bit.ly/2IgX6ph The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.
Tune in for a new episode of The Bottom Line. Join your hosts Tom Sheldon and Jacqueline Atkins Sheldon as they talk about the 10 mistakes that cost small business owners money. Radio Link-->https://bit.ly/2HoMXFA The Bottom Line is presented by Bottom Line Tax Solutions and is broadcast from the Subaru of Gwinnett studio located at Sonesta Gwinnett Place-Atlanta.