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Monthly Archive:: July 2021

Top 7 Ways to Minimize Your Income Taxes

TweetShareSharePin0 SharesTop 7 Ways to Minimize Your Income Taxes Are you paying too much in income taxes? Are you getting all the credits and deductions you are entitled to? Here are 7 tips to help you minimize taxes and keep more in your pocket: 1. Participate in company retirement plans. Every dollar you contribute will

Payroll Missouri, Unique Aspects of Missouri Payroll Law and Practice

TweetShareSharePin0 SharesThe Missouri State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is: Department of Revenue Division of Taxation and Collection Withholding Tax Section P.O. Box 3375 Jefferson City, MO 65105-3375 (573) 751-5752 http://www.dor.mo.gov/ Missouri requires that you use Missouri form “MO-W4, Employee’s Withholding Allowance Certificate” instead of

DC Income Tax Hike Helps Maryland and Virginia, Not DC

TweetShareSharePin0 Shares The District of Columbia weathered the pandemic with stable tax collections, down less than 1 percent in FY 2020 while recovering above pre-pandemic levels in FY 2021. Yet, even as lawmakers in eleven states have cut income taxes this year, the D.C. Council has responded to surpluses and growth by voting to include

taxes

TweetShareSharePin0 Shares so tax preparation costs you $20 but if you don’t have a credit card they will deduct it from your refund for a slim $25 extra. I’m not sure sure it takes money to make money, but it’s good to have money to keep from losing money. Posted by jessamyn on 2005-03-17 22:12:33

Sports Owners Deductions & Amortization

TweetShareSharePin0 Shares Over the past few weeks the media has reported on how wealthy taxpayers who own sports teams lower their tax liability by deducting the cost of purchasing a sports team over 15 years. Contrary to claims that deducting the cost of a sports team from taxable income is a “loophole,” such deductions are

Unsigned and Electronically Signed Refund Claims

TweetShareSharePin0 Shares Last year I blogged on the case of Gregory v. United States, 149 Fed. Cl. 719 (2020), in which the Court of Federal Claims denied a refund claim because the taxpayers did not sign the amended return.  It turns out the Gregory case is part of a larger group of cases involving the

Still Talking, A Warning, And A Target

TweetShareSharePin0 Shares One stop short of an infrastructure deal? That bipartisan group of senators still hopes to have an agreement as soon as today, but differences remain. GOP Sen. Rob Portman says one hang-up has been how much to spend on mass transit—Democrats want to spend more and Republicans want to spend less. Negotiators still
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