Income Tax

This proposed guidance defines the term “candidate-related political activity,” and if accepted, would amend current regulations by indicating that the promotion of social welfare does not include this type of activity.

The Obama administration announced Wednesday a one-year delay in allowing small business owners to use the federal government's flawed online insurance marketplace to buy health coverage for their employees and themselves under the Affordable Care Act.

Voters at the 2014 spring Town Meeting may be asked to decide where to allow the sale of medical marijuana in Andover, Massachusetts.

“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.

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.

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.

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.