You have two options: to pay the balance via the Georgia Tax Center "Quick Pay" or within your account. If paying within your tax account, follow the Quick Pay steps.

Follow these steps:

1. Visit the IRS Direct Pay website.
2. Select the "Balance Due"
3. Enter your personal information, including your Social Security number and filing status. (May have to verify your identity)
4. Provide your bank account information for the payment.
5. Choose the payment date and confirm the details.
6. Review and submit your payment.
7. Save the confirmation number for your records.
8. Check your bank account to ensure the payment has been processed.

To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:

• To meet the qualifying child test, your child must be younger than you or your spouse if filing jointly and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
• There's no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.

In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:

1. Dependent taxpayer test
2. Citizen or resident test, and
3. Joint return test

Additional Information:

No, an individual may be a dependent of only one taxpayer for a tax year. You can claim a child as a dependent if he or she is your qualifying child. Generally, the child is the qualifying child of the custodial parent. The custodial parent is the parent with whom the child lived for the longer period of time during the year.

However, the child will be treated as the qualifying child of the noncustodial parent if the special rule for children of divorced or separated parents (or parents who live apart) applies. See Publication 504, Divorced or Separated Individuals for more information. This rule requires in part, that both of the following conditions are met:

• The custodial parent signs a Form 8332, Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent or a substantially similar statement, and
• The noncustodial parent attaches the Form 8332 or a similar statement to his or her return.

If the custodial parent releases a claim to exemption for a child, the noncustodial parent may claim the child as a dependent and as a qualifying child for the child tax credit or credit for other dependents. However, the noncustodial parent may not claim the child for the purpose of claiming head of household filing status, the earned income credit, the credit for child and dependent care expenses, or the exclusion for dependent care benefits.

An unmarried dependent student must file a tax return if his or her earned or unearned income exceeds certain limits. 

The answer depends on their incomes and whether they had employers withhold taxes from their paychecks. Students who are single and earned more than the $12,950 standard deduction in tax year 2022 must file an income tax return. That $12,950 includes earned income (from a job) and unearned income (like investments).

No, a child may only be claimed as a dependent on one return in a tax year.

Generally, to qualify for head of household filing status, you must be able to claim a qualifying child or qualifying relative as a dependent. However, a custodial parent may be eligible to claim head of household filing status based on a child even if the custodial parent released a claim to exemption for the child.

You may still qualify for head of household filing status even though you aren't entitled to claim your child as a dependent, if you meet the following requirements:

1. You're not married, or you’re considered unmarried on the last day of the year.
2. You paid more than half of the cost of keeping up a home, that was your home and the main home of your child for more than one-half of the year.
3. Your child is your qualifying child for purposes other than the dependency exemption and the child tax credit.  

Yes, in certain instances nursing home expenses are deductible medical expenses.

• If you, your spouse, or your dependent is in a nursing home primarily for medical care, then the entire nursing home cost (including meals and lodging) is deductible as a medical expense.
• If that individual is in a home primarily for non-medical reasons, then only the cost of the actual medical care is deductible as a medical expense, not the cost of the meals and lodging.
• To determine if your father qualifies as your dependent for this purpose, refer to Whose Medical Expenses Can You Include and Nursing Home in Publication 502, Medical and Dental Expenses.
• Deduct medical expenses on Schedule A (Form 1040), Itemized Deductions.
• The total amount of all allowable medical expenses is the amount of such expenses that exceeds 7.5% of adjusted gross income.

• If you and your spouse file separate returns and one of you itemizes deductions, then the other spouse must also itemize deductions. You may be able to claim itemized deductions on a separate return for certain expenses that you paid separately or jointly with your spouse. When you pay expenses from your separate funds, then only you may deduct them.
  • For example, if you pay otherwise deductible medical expenses from your separate account (or in a community property state, from an account that's your separate property under the laws of that state) then only you may claim a deduction for the expenses.
• When expenses are paid from funds owned by both spouses, such as from a joint checking account in which each spouse has an equal interest (or from an account considered community property under the laws of the state in which the spouses reside) you should generally split the deduction equally between you and your spouse.
  • For example, if mortgage interest, on a residence both you and your spouse own, is paid from a joint checking account in which you both have an equal interest, then each spouse may deduct half of the interest expense.
  • However, if only one spouse is eligible to deduct an expense (for example, real property taxes on property owned only by that spouse), then only that spouse may deduct the expense even if it was paid from joint funds in which each spouse had an equal interest. Each spouse must maintain records documenting who is considered to have paid the expense.

Generally, you cannot deduct job-related education expenses as an itemized deduction. To claim these expenses, you must be performing  artists, government officials or a member of the armed forces.

Consider contributing to tax-advantaged retirement accounts, maximizing deductions, and taking advantage of eligible tax credits to reduce your taxable income.

Look into tax-advantaged investment accounts, consider tax-loss harvesting to offset gains, and explore investments with favorable tax treatment, such as long-term capital gains.

Consider entity structure, take advantage of business deductions, and explore retirement plans for small businesses to optimize your tax situation.

Tax loss harvesting involves selling investments that have declined in value to offset capital gains. This strategy can help reduce your overall tax liability.

Timing matters. Consider deferring income or accelerating deductions in certain years to optimize your tax situation. Schedule a consultation to your unquie financial portfolio.

Yes, consider using tax-advantaged education savings accounts and explore credits like the American Opportunity Credit and the Lifetime Learning Credit for qualifying education expenses.

You can take the deduction only if you’re self-employed. After a 2018 tax law change, those who work remotely for an employer can no longer deduct home office expenses.

Self-employed people, however, can deduct their home office expenses if they use part of their home “regularly and exclusively” for business. The home office doesn’t have to be a separate room but it must be an area where you don’t do anything else – so, not your kitchen table.

You'll need to:

• Secure a completed Form W-4, Employee's Withholding Certificate from each employee to know how much federal income tax to withhold from your employee's wages.
• Use Publication 15 (Circular E), Employer's Tax Guide, Publication 15-A, Employer's Supplemental Tax Guide, and Publication 15-T, Federal Income Tax Withholding Methods to determine the amount of withholding and the directions on depositing the withheld amounts and other employment taxes.  Also, refer to Form 941 Employer's QUARTERLY Federal Tax Return and the Instructions for Form 941; or Form 944, Employer's ANNUAL Federal Tax Return and the Instructions for Form 944, or Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return and the Instructions for Form 940.

Generally, employers are required to file Forms 941 quarterly. However, some small employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less for the year) may file Form 944 annually instead of Forms 941. 

You file a federal income tax return annually, but the federal income tax system is a pay-as-you-go system. There are two methods for paying-as-you-go: withholding and estimated tax. Refer to Publication 505, Tax Withholding and Estimated Tax.

If your business is a sole proprietorship or an unincorporated single-member LLC with you as the sole owner, the income is attributable to you and must be reported on your individual income tax return. If your business is a partnership, an unincorporated multi-member LLC, or an S corporation, the ordinary business income passes through to the partners, members or shareholder(s) and is attributable to them and must be reported on their personal income tax returns.

If you owe more tax at the end of the year after taking into account any withholding on other income, deductions, and credits, you may have to pay an underpayment penalty. You should make quarterly estimated tax payments and/or increase the withholding on other income subject to withholding.

• A sole proprietor without employees who isn’t required to file any excise tax return and hasn’t established a pension, profit-sharing, or retirement plan doesn't need an EIN (but can get one). In this instance, the sole proprietor uses his or her social security number (instead of an EIN) as the taxpayer identification number. However, at any time the sole proprietor hires an employee, needs to file an employment or excise tax return, or is establishing a pension, profit-sharing, or retirement plan, the sole proprietor will need an EIN for the business and can't use his or her social security number.
• If you have an existing EIN as a sole proprietor and become a sole owner of a Limited Liability Company (LLC) that has employees, needs to file an employment or excise tax return, or is establishing a pension, profit sharing, or retirement plan, you need to get a separate EIN for the LLC.

Unless a business meets the requirements listed below to be a qualified joint venture, a sole proprietorship must be solely owned by one spouse, and the other spouse can work in the business as an employee. A business jointly owned and operated by a married couple is a partnership (and should file Form 1065, U.S. Return of Partnership Income) unless the spouses qualify and elect to have the business be treated as a qualified joint venture, or they operate their business in one of the nine community property states.

A married couple who jointly own and operate a trade or business may choose for each spouse to be treated as a sole proprietor by electing to file as a qualified joint venture. Requirements for a qualified joint venture:

• The only members in the joint venture are a married couple who file a joint tax return,
• The spouses own and operate the trade or business as co-owners (and not in the name of a state law entity such as an LLC or LLP),
• Both spouses materially participate in the trade or business, or maintain a farm as a rental business without materially participating (for self-employment tax purposes) in the operation or management of the farm, and
• Both spouses must elect qualified joint venture status on Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors by dividing the items of income, gain, loss, deduction, credit, and expenses in accordance with their respective interests in such venture. Each spouse files with the Form 1040 or Form 1040-SR a separate Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship), Schedule F (Form 1040), Profit or Loss From Farming, or Form 4835, Farm Rental Income and Expenses, accordingly, and if required, a separate Schedule SE (Form 1040), Self-Employment Tax to pay self-employment tax.

To deduct expenses related to the part of your home used for business, you must meet specific requirements. Even then, your deduction may be limited.

You must use part of your home:

• Exclusively on a regular basis as your principal place of business,
• Exclusively on a regular basis as a place where you meet or deal with patients, clients, or customers in the normal course of your trade or business,
• In the case of a separate structure which isn't attached to your home, exclusively on a regular basis in connection with your trade or business
• On a regular basis for storage of inventory or product samples for use in your trade or business of selling products if your home is the only fixed location of the trade or business,
• For rental use, or
• As a daycare facility.

Note: You don't have to meet the exclusive use test if you satisfy the rules that apply to storage, rental, or daycare

eep records of income, expenses, and supporting documents such as receipts, W-2s, 1099s, and bank statements. Retain these records for at least three years.

It's recommended to keep copies of filed tax returns indefinitely. The IRS can audit you within three years of filing, or up to six years if they suspect substantial underreporting, so having records is crucial.

Respond promptly. Provide requested documents and information. If needed, consult a tax professional for guidance on handling the audit.

Yes, failure to file may result in penalties and interest. It's crucial to file even if you can't pay in full to minimize additional charges.

Notify the IRS of any changes in your address or personal information by filing Form 8822. This ensures you receive important communications from the IRS. This form can also be efiled with your tax return.

Yes, use Form 1040X to amend your return. Correct errors or provide additional information. Keep in mind there are deadlines for filing amended returns.

Taxpayers should be very careful when choosing a tax preparer. While most preparers provide excellent service to their clients, a few unscrupulous return preparers file false and fraudulent tax returns and ultimately defraud their clients. It is important to know that even if someone else prepares your return, you are ultimately responsible for all the information on the tax return.

Use the Form 3949-A, Information Referral if you suspect an individual or a business is not complying with the tax laws. You can submit Form 3949-A online or by mail. We don't take tax law violation referrals over the phone. We will keep your identity confidential when you file a tax fraud report. You won't receive a status or progress update due to tax return confidentiality under IRC 6103.

Tax fraud includes:

• False exemptions or deductions
• Kickbacks
• A false or altered document
• Failure to pay tax
• Unreported income
• Organized crime
• Failure to withhold
• Failure to follow the tax laws