Taxes

 Report: IRS Needs To Improve Use of Return on Investment Data

November 19, 2013 

Report: IRS Needs To Improve Use of Return on Investment Data

The Internal Revenue Service (IRS) needs to improve its use of return on investment (ROI) data in managing tax enforcement resources, according to a report publicly released today by the Treasury Inspector General for Tax Administration.

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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.

 Tax-Free Start-Up Plan in NY Draws Business Interest

November 14, 2013 

Tax-Free Start-Up Plan in NY Draws Business Interest

On the day his economic development agency proposed emergency rules to implement his START-UP NY program, Gov. Andrew M. Cuomo said hundreds of companies have expressed an interest in getting tax-free benefits in return for locating start-up businesses on college campuses.

 Don’t Forget the Tax Breaks for SUVs, Trucks and Vans

November 13, 2013 

Don’t Forget the Tax Breaks for SUVs, Trucks and Vans

New and used vehicles that fall outside the passenger auto definition also qualify for the Section 179 deduction (generally a total of $500,000 for all eligible property placed in service in tax years beginning in 2013). As explained later, however, heavy SUVs are subject to a reduced Section 179 limit of $25,000 per vehicle.

 XCM Solutions Announces Record Sales Growth

November 13, 2013 

XCM Solutions Announces Record Sales Growth

XCM Solutions, LLC has announced that it achieved record sales results for the first half of the company’s 2014 fiscal year with new growth of 103% over the same period last year. XCM is a provider of cloud-based workflow management software for accounting professionals.

 ID Theft as ‘Certain as Death and Taxes’

November 12, 2013 

ID Theft as ‘Certain as Death and Taxes’

Identity theft is so common now that even the investigators who pursue identity theft cases and the financial counselors who help consumers get back on track have become victims.