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February 26, 2010

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Taxation Legal News

Linder To Address Americans For Fair Taxation National Convention In Atlanta

Duluth, Georgia - Congressman John Linder (R-Georgia) will deliver the keynote address at the national convention of Americans For Fair Taxation (AFFT) on Saturday night in Atlanta, encouraging grassroots activists from all over the United States to keep working to build popular support for Linder’s FairTax bill, H.R. 2525.

The convention will also feature addresses by Herman Cain, Chairman of the Tax Leadership Council and founder of Godfather’s Pizza, and Leo Linbeck, President and Chairman of AFFT. In addition, panelists from various organizations allied with AFFT, such as the American Farm Bureau Federation and National Small Business United, will discuss ways to build momentum for the FairTax.

H.R. 2525 would eliminate the IRS and replace all federal income taxes, capital gains taxes, payroll taxes, and death taxes with a single national retail sales tax. Linder has attracted bipartisan support for the bill and has met with several high-ranking officials within the Bush Administration - including Treasury Secretary Paul O’Neill and Presidential Adviser Karl Rove - to advocate the idea.

Congressman Linder will deliver his keynote address on Saturday evening. All media are invited to cover the event

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Did You Know?

If you have employees, you are responsible for Federal Taxes
If you have employees, you are responsible for several federal, state, and local taxes. As an employer, you must withhold certain taxes from your employees pay checks. Employment taxes include the following. Federal income tax withholding Social Security and Medicare taxes Federal unemployment tax act (FUTA).

	Newsroom
	News about Taxation cases in Carrollton and nationwide: Trust Promoters Sentenced To Prison For Tax Fraud WASHINGTON, D.C. - Five persons associated with Innovative Financial Consultants (IFC) were sentenced to lengthy prison terms for promoting a tax e... Read more > United States And United Kingdom Sign New Income Tax Convention The Treasury Department announced Tuesday that Secretary of the Treasury Paul H. O'Neill and U.K. Chancellor of the Exchequer Gordon ... Read more > Obm And Ohio Department Of Taxation Report Impact Of Sales Tax Repeal To Governor Taft COLUMBUS (January 13, 2004) -- The Ohio Department of Taxation (ODT) reported that, if successful, the repeal of the additional penny on the sales ... Read more > More Taxation News >

Taxation Terms

Today's Terms

Subchapter S

Definition:
The S-Corporation must complete and file IRS Form 1120s to report its annual income to the IRS each year.

Form W-4, Employee's Withholding Allowance Certificate

Definition:
Completed by the employee and used by the employer to determine the amount of income tax to withhold.

Income taxes

Definition:
Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).

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Topics Related to Taxation Law:

Income Tax Cases
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State Statutes Dealing with Taxation

Carrollton Taxation Attorney

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Seguin
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Sugar Land
Victoria
Weslaco

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