Vehicles will now be subject to a new, one-time title ad valorem tax (House Bill 386) that is based on the value of the vehicle.
Friday, March 1, 2013
Tuesday, February 19, 2013
The company is one of many companies that managed to pay no income tax thanks to loopholes in the tax law.
As we head into the heart of the tax season and try to figure out just how to avoid having to pay in when we file our income tax, we should all be grateful we don’t have a bill the size of a company like, say Facebook, right? Not so, reports the Huffington Post. In fact, despite making pre-tax profits of $1.1 billion, Facebook paid no income tax at all in 2012. And on top of that, it received $429 million in net tax refunds for the year. Is it time for the whole tax code to be overhauled to ensure that everyone does indeed get to pay their fair share? This is as a result of those loopholes that the president talked about getting rid of in his State of the Union speech on Tuesday. Facebook is just one of the corporate giants that is able to…
Monday, January 14, 2013
It's tax time again in Roswell and elsewhere. Standard deductions will increase, but the ceiling for itemized deductions decrease in 2013, plus other changes that will affect your taxes this year.
On Friday, the Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service If you have tax questions and need an expert, use the Roswell Patch directory to locate a CPA or Tax Service near you. Don’t …
Wednesday, January 9, 2013
HB 386 replaces the annual ad valorem tax on newly purchased vehicles.
The so-called "birthday tax" that Georgia vehicle owners pay will end in March 2013 – for people who purchase a new vehicle. Vehicles purchased on or after March 1, 2013 and titled in this state will be exempt from sales and use tax and the annual ad valorem tax, according to the Georgia Department of Revenue. Instead, these vehicles will be subject to a new, one-time title ad valorem tax (House Bill 386) that is based on the value of the vehicle. The Fulton County Tax Commissioner's website explains what these major changes mean. The value of the vehicle is dependent upon the Georgia Department of Revenue motor vehicle valuation database, which calculates the average of the current wholesale and retail values of the motor vehicle. The …
Wednesday, October 3, 2012
North Fulton offices located in Alpharetta and Sandy Springs.
The Fulton County Tax Commissioner’s Office’s satellite offices return to their normal business hours effective, Tuesday, Oct. 2. During the summer, the Tax Commissioner offered expanded summer hours. Normal satellite tax office hours in North Fulton are 8 a.m. to 4:30 p.m., Monday through Friday. The Tax Commissioner’s Satellite Offices in North Fulton are located at: Hours at the main Tax Commissioner’s Office at 141 Pryor St. are 8 a.m. to 4:30 p.m. For more information, visit www.fultoncountytaxes.org or call 404-730-6100.
Saturday, July 7, 2012
The North Fulton Republican will offer insight on what the House of Representatives is doing about the Affordable Care Act.
Rep. Tom Price, R-GA, will appear on Fox News Sunday on July 8 at 9 a.m. to offer insight into efforts to repeal the Affordable Care Act. The House of Representatives has set July 11 as the date to vote once again to repeal the Affordable Care Act, according to a release from the Republican Policy Committee, which Price chairs. Do Republicans have the votes to repeal "Obamacare?" What would replace it? Chris Wallace will question Price and Rep. Xavier Becerra, D-CA, vice chair of the House Democratic Caucus. Forty-five percent of those voting in an unscientific poll on Roswell Patch thought the U.S. Supreme Court was wrong to let the Affordable Health Care Act stand; thirty-six percent of voters said they were for the act and 18 percent …
Tuesday, May 22, 2012
Georgia's governor supports the idea of getting all transportation decisions moved from the GDOT Board in favor of regional decisions and cooperation.
Georgia Gov. Nathan Deal made a campaign visit before several hundred North Fulton business leaders, but it wasn't for himself or another political candidate. His visit was to gain support for the regional transportation sales tax (TSPLOST) to go before voters on July 31. Deal was the guest speaker at the Greater North Fulton Chamber of Commerce's Eggs & Enterprise Breakfast, held Tuesday, May 22 at the Atlanta Athletic Club in Johns Creek. Watch highlights of Gov. Deal's speech to the chamber. The Governor said transportation was important to attract companies to the state. He said transportation issues were important in landing Baxter Pharmaceutical and Caterpillar. Baxter picked a site that has easy access to Hartsfield-Jackson …
Thursday, February 9, 2012
For those people earning no more than $49,000 or who are senior citizens, the AARP Tax Aide program offers assistance.
Need help with your personal taxes? Stop by the Roswell Library. But first you'll need an appointment for the free help. Volunteers from the IRS-VITA and the AARP Foundation host the free tax aide program, providing assistance and e-filing of both federal and state returns for people making up to $49,000 per year and senior citizens. Bring the following documents: Last Year's Tax Return, Photo ID, Blank Check for Direct Deposit. First time clients should bring Social Security cards for every individual claimed on the return. 2011, the tax aide program at Fulton library branches alone helped nearly 3,000 patrons. This free service is being offered now through April 17 at the following nearby locations, dates and times. All sites are …
Monday, November 7, 2011
Roswell resident Jake Lilley is not for the E-SPLOST, are you? Tell him why you agree or disagree in the comments.
"The choice of E-SPLOST v. property tax as a source of school funding is rather like being given the choice between getting robbed at gun-point, or having your house broken into during the middle of the night. It’s really not much of a choice and the outcome is the same. Once passed, E-SPLOST is law and provides the school board with an uncontested source of tax payer funding. So why is a property tax the lesser of two evils? An increase to property tax for the purpose of funding schools must be voted on by an elected school board. Elected representatives are held accountable to the voters. As such, they can be tossed out if they do not act in accordance with the will of the people. Furthermore, when presented the option, I cannot, by my …
Thursday, July 14, 2011
Although official negotiations are nearly a year away, Roswell Mayor Jere Wood and other North Fulton officials are drumming up support to keep sales tax revenue percentages the same.
North Fulton's mayors want the county's Local Option Sales Tax (LOST) to be divvied up by population. Leaving Fulton County's share to be determined by the population of the dwindled unincorporated part of the county. The polarizing issue has raised some ire in the long-running debate between North Fulton versus South Fulton. Roswell Mayor Jere Wood is among advocates for population-based tax distribution and wants residents to continue to benefit from the penny sales tax collected by Fulton County that plays a large role in keeping property taxes down. “This money goes into our general fund and it is about one-third of our budget, so it’s a big number,” Wood said. “The intent is to reduce the amount of property tax we pay.” Every city in…