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August 24, 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).

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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.

Federal income tax

Definition:
The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt.

Dependent

Definition:
A person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.

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Taxation Hot Topics

Topics Related to Taxation Law:

Income Tax Cases
Recent Estate & Gift Tax Cases
Recent Income Tax Cases
State Statutes Dealing with Taxation

Massachusetts Taxation Attorney

If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

Amherst
Attleboro
Beverly
Boston
Brighton
Brockton
Chelsea
Everett
Fitchburg
Framingham
Holyoke
Lawrence
Leominster
Lynn

Malden
Marlborough
Medford
Methuen
New Bedford
Peabody
Pittsfield
Plymouth
Quincy
Revere
Salem
Taunton
Westfield
Woburn

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