Income Tax
Massachusetts Town Considering Zones for Marijuana Clinics
Voters at the 2014 spring Town Meeting may be asked to decide where to allow the sale of medical marijuana in Andover, Massachusetts.
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.
Federal Judge Strikes Law For Clergy Housing Tax Exemption
A federal judge has found unconstitutional a law that lets clergy members avoid paying income taxes on compensation that is designated part of a housing allowance.
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.
Minnesota Unemployment Taxes Drop as Hiring Strengthens
In a sign of the state's gradually improving job market, about 120,000 Minnesota businesses will pay lower unemployment insurance taxes at the beginning of 2014.
National Society of Accountants EVP Appointed to IRS Advisory Council
IRSAC is an advisory body designed to focus on broad policy matters and reviews existing tax policy and/or recommends policies with respect to emerging tax administration issues.
2014 Tax Tips – Overview of Changes to Credits and Deductions
Must know tax advice for 2013
Oklahoma Man Pleads Guilty to $700K Embezzlement, Tax Evasion
A Tulsa man pleaded guilty Tuesday to a federal wire fraud charge connected to his embezzlement of nearly $700,000 from his then-employer by billing it for the nonexistent services of a consulting firm he created.