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.
“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.
Since 1925, the rule in Kansas has been if you buy property on a mortgage, you pay to have it recorded by the county. That could change in the next session of the Legislature.
He has millions of dollars in his campaign account, solid approval ratings and a small number of potential challengers who are virtually unknown, but
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.
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.
The Treasury Department agency tasked with overseeing the Internal Revenue Service has issued a report saying that the nation's taxing authority needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems involving taxpayer data.
Thomson Reuters recently released a new database designed to provide transparent, detailed data to transfer pricing professionals.
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.