Income Tax

 Ruling on Clergy Tax Benefit Poses Challenges

November 26, 2013 

Ruling on Clergy Tax Benefit Poses Challenges

“Most members of the clergy are dual status, which means their church, synagogue or temple does not pay the employer part of their Social Security and Medicare taxes,” Medows told CPA Practice Advisor.

 3 Tax Moves Businesses Should Make Now

November 24, 2013 

3 Tax Moves Businesses Should Make Now

Some big-dollar tax deductions that affect businesses are set to expire in 2013, so now’s the time to make sure your company considers taking advantage of them for the current tax year. Doing so may allow you to buy more equipment, send less to the IRS, or both.

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November 18, 2013 

Congressman Files Bill to Repeal Federal Income Tax

One of Oklahoma's Representatives in the U.S. Congress, Jim Bridenstine, has filed legislation that could lead to repeal of the 16th Amendment to the U.S. Constitution -- the amendment enabling the current federal income tax.

 Missouri Will Allow Joint Tax Returns for Same Sex Couples

November 15, 2013 

Missouri Will Allow Joint Tax Returns for Same Sex Couples

Same-sex couples who are legally married in other states can now file joint state tax returns in Missouri, Gov. Jay Nixon said Thursday, noting that he was making the change because state tax law is linked to federal tax law.