Killingsworth Spencer LLC

Killingsworth Spencer LLC Our Roswell CPA firm offers a full array of accounting, tax, consulting and business advisory services tailored to meet the individual needs of each client

06/04/2026

New Post: The Augusta Rule: How Homeowners Can Earn Tax-Free Rental Income for the 2026 FIFA® Games

Major events can create unique opportunities for homeowners. Here’s a valuable tax strategy, commonly known as the Augusta rule, that can help generate tax-free income. A homeowner may rent their primary residence for up to 14 days each year without paying federal income taxes on the earnings. Ren...

05/29/2026

New Post: The Hidden 2026 Tax Change Affecting Workplace Coffee & Snacks

There is a quiet tax law change taking effect in 2026 that could increase costs for many businesses providing coffee, snacks, and other small refreshments to employees. For years, these items have been treated as de minimis fringe benefits, meaning employees are not taxed on them, and employers were...

05/28/2026

Updated Post: IRS Announces a One-Time Settlement Offer for Conservation Easements

The IRS recently announced a time-limited settlement initiative offering eligible taxpayers involved in syndicated conservation easement disputes an opportunity to resolve pending matters on streamlined terms and avoid continued litigation. With more than 1,000 conservation easement cases reportedly...

05/28/2026

New Post: IRS Announces a One-Time Settlement Offer for Conservation Easements

The IRS recently announced a time-limited settlement initiative offering eligible taxpayers involved in syndicated conservation easement disputes an opportunity to resolve pending matters on streamlined terms and avoid continued litigation. With more than 1,000 conservation easement cases reportedly...

05/27/2026

New Post: Important IRS Penalty Abatement for Taxpayers affected by COVID expires July 10th, 2026

Important IRS Penalty/Interest Refund Opportunity – Action Required Before July 10, 2026 A federal tax case, Kwong v. United States, is drawing national attention because it could allow tens of millions of taxpayers to recover IRS penalties and interest assessed during the COVID-19 pandemic. The c...

05/22/2026

New Post: Medicare Surtax & NIIT Rules for North Atlanta Taxpayers

The .9% Medicare Surtax - has applied since 2013 under the Affordable Care Act (ACA) - The income thresholds below are the same in 2026 as they were in 2013. While income thresholds have not changed, more households are now affected. Employees pay the standard 1.45% Medicare tax on wages, matched by...

05/18/2026

New Post: When A Roth IRA Conversions May Cost More than it Saves

Roth IRA conversions may be less beneficial under OBBBA, and careful planning is essential before converting previously untaxed retirement funds. Below are several common Roth IRA conversion tax traps that can cost taxpayers more than they save: If a taxpayer needs to access the converted Roth-IRA f...

05/05/2026

New Post: New Tax Rules for Inherited IRAs What Beneficiaries Should Know about RMDs and the 10-year Rule

As of December 31, 2025, most non-spouse beneficiaries inheriting an IRA account from an individual who died in 2020 or later must fully distribute the account by the end of the tenth year following the original owner’s death. This rule applies to both traditional and Roth IRAs. However, Roth IRA ...

04/09/2026

New Post: IRS Postmark Risks: Why Atlanta Taxpayers Should Plan Ahead

For decades, taxpayers relied on the simple rule that mailing a tax return or payment by the deadline meant it was considered timely filed. Recent changes in U.S. Postal Service (USPS) practices, however, have created potential risks for those relying on last-minute mailing. Missed postmarks can res...

04/06/2026

New Post: Tax Bracket Creep is Quietly Raising Tax Bills in Fulton and Cobb Counties

This year, Killingsworth Spencer is seeing subtle “tax bracket creep.” Tax bracket creep occurs when inflation causes wages to increase at a faster rate than tax bracket limits adjust to reflect economic shifts. Here are a few ways taxpayers can reduce their tax bill and increase their purchasin...

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10892 Crabapple Road
Roswell, GA
30075

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