The GSCPA House of Blogs
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Annual conformity statute on track for late adoption
Written by: Brad Dickson
Delayed legislation for this annual bill adds confusion, inefficiency and even conflict for many taxpayers, practitioners and the DOR. This situation is not unique to Georgia. The IRS has routinely dealt with last minute legislation that incorporates retroactive effective dates after forms and software deadlines had passed. Recent examples include the stimulus payments, Section 179, credit extenders, teacher’s expenses, etc. The DOR, not having the fiscal resources of the IRS, has dealt with such after-print law changes by means of announcements and policy statements issued by the Commissioner after the law has been adopted. The effect of all of this is that “early filers” may file before the law is settled, and “later filers” may file using forms and instructions that have not been updated. For taxpayers that are closer to the legislative process, their annual dilemma is: do they file before conformity is passed and amend if necessary, or wait and see? The most aggressive bill-trackers have even filed returns taking positions on the assumed passage of an item or items. That scenario is explicitly described in the AICPA Statement on Standards of Tax Practice (SSTS) No.1 as frivolous. Read the rest of this entry »
Introducing Brad Dickson
Written by: Brad Dickson
Hi blog readers! What a thrill to be in the House! I’m Brad Dickson and new to this house but not to the Society, particularly the Tax Section or in way earlier days, the International Committee (remember those?).
I expect to blog randomly like everyone else – mostly when I want to let some steam off after reading the AJC or other bloggers commenting on how to use the GA tax code to fix the economy. Our tag line is indeed unique, and catchy – One Profession. One Voice. I like it, but inside even this House I suspect that when it comes to tax policy our voice isn’t a solo…. Read the rest of this entry »
