Our network

Business

Millions of dollars in limbo for Fulton homeowners

ATLANTA -- The Fulton County Sheriff has millions of dollars in a special fund and some of it may belong to you.

Each month, county officials and the banks auction foreclosed homes as well as hold tax lien sales on the courthouse steps.

When it comes to tax lien sales, homeowners should take a deep breath and another look before they walk away from the sales. They could be entitled to lots of money.

It's in the hands of the Fulton County Sheriff.

It starts with the sale of the tax lien, in which buyers often pay more than the lien itself in order to get it. Any money left over after the tax lien purchaser gets his money back, together with a 20 percent commission, goes into a Fund administered by the Sheriff.

That fund now totals $9.9 million.

Much of that money could belong to homeowners who have never claimed it.

'Mega Monday' expected to set records for shopping, returns

ATLANTA -- It's the biggest gift return day of the season, and experts predict "Mega Monday" could be as big as Cyber Monday or Black Friday.

Retailers slashed prices to entice customers already heading to stores to exchange gifts and hunt for after-Christmas bargains.

"Thirty-five percent more people will be returning this year, than last year," said Janice Lieberman, Consumer Correspondent for the Today Show. "For every dollar spent during the holiday, almost ten cents of it is returned." 

Some store make returns much easier than others. 

Sears may be the number one easy return store because they not only readily accept returns, but they extended their return window to 120 days through this holiday season.

First Data: Consumers held back on spending until end of Nov.

First Data: Consumers held back on spending until end of Nov.

SANDY SPRINGS, Ga. -- Consumers knew better deals were coming on Black Friday and held back on spending until the end of November, according to First Data's latest SpendTrend report.

VIDEO: Black Friday brawl at Ellijay Walmart

The privately held Sandy Springs-based electronic payments company reported year-over-year dollar volume growth was up 7.3 percent in November, down from October's 9.4 percent jump.

Dollar volume growth was 8.1 percent, while transaction growth was 6.1 percent in November.

Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

Preparing for Taxageddon: Interstate Tax Strategies is Helping Atlanta Disarm Tax Time Bombs

 

With the United States’ growing unemployment rate and rising deficit, state governments have become very aggressive at finding additional tax revenue. They are actively looking for companies that they can audit and assess for back taxes. According to Internet Retailer, e-commerce rose 14.8% in 2010, creating a golden opportunity to help states, including Georgia, supplement their income. More and more local businesses are hearing the word “nexus” brought into play, leaving a thin line in sales tax obligations. Regardless of the industry, companies with customers in multiple states should carefully evaluate the tax filing requirements and the tax rules where their customers are located. 

Interstate Tax Strategies P.C. is working to correct sales tax problems for multistate businesses—before the auditor arrives!

College and Career Motivation Week kickoff at B.E.S.T. Academy

College and Career Motivation Week kickoff at B.E.S.T. Academy

ATLANTA -- Atlanta Public Schools' annual College and Career Motivation Week began at 10 a.m. Monday with a ceremony at B.E.S.T. Academy on the city's west side.

All Atlanta high schools celebrate the week with special themed programs, such as Dress for Success and College Spirit. The week of activities is aimed at getting students excited about applying for college and focused on their futures in school and the workforce.

Additional programs include a career awareness session featuring professionals and industry experts who will share their real-life success stories with APS high school students.

For more information, visit www.atlanta.k12.ga.us.

State tax credit program raises $50M for scholarships

State tax credit program raises $50M for scholarships

ATLANTA -- The Georgia Department of Revenue stamped its approval on $50 million in donations under the Georgia Scholarship Tax Credit Program.

The program lets people and businesses get tax credit for donations to scholarships for Georgia children to attend private schools.

Fifty million dollars is the most allowed under the program. In 2012, the statewide cap on donations will increase by the annual increase in the Consumer Price Index until 2018.

Individuals can donate up to $1,000, while married couples have a donation cap of $2,500. Corporations can donate up to 75 percent of their state income tax liability.

The American Federation for Children estimated more than 6,000 students last year got scholarships to attend private schools through the program.

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Fernbank BOO-seum Trick-or-Treat

Saturday, October 29 from 10 a.m. – 2 p.m. Get ready to have a screaming (in delight) good time! For one day only, Fernbank Museum is becoming Fernbank BOO-seum. Little Beat Music, Inc. will provide family-friendly tunes and face painting will inspire those who didn’t quite finish their costumes. Plus, enjoy a frightening-ly fun Halloween party featuring games, crafts, hands-on activities and special treats for kids in costumes.* (*Treats available while supplies last.)