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July 20, 2010

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Taxation Law Topics

There are many different topics related to Taxation Law. We invite everyone to read up on the following topics related to Oklahoma Taxation Lawyers.

The following are topics related to Taxation and Tax Law:

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

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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 Oklahoma and nationwide: 2004 Tax Law Changes Education IncentivesThe maximum Tuition and Fees Deduction is $4,000 for those with Adjusted Gross Income (AGI) up to $65,000... Read more > New IRS Study Provides Preliminary Tax Gap Estimate WASHINGTON – The Internal Revenue Service released preliminary results today from a major research project assessing compliance with the tax laws. ... Read more > Tax Amnesty Collections Near $10 Million Program on Pace to Hit $48 Million Target Richmond, VA, October 15, 2003 - Virginia's Tax Amnesty program, which seeks to... Read more > More Taxation News >

Taxation Terms

Today's Terms

Depreciation and Section 179 Expense

Definition:
50% special depreciation allowance. For qualified property you acquire after May 5, 2003, you can take a special depreciation allowance that is equal to 50% of the property's depreciable basis. However, instead of claiming the 50% special allowance, you can elect to claim the 30% special allowance or elect not to claim any special allowance.

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).

Work Opportunity Credit and Welfare-to-Work Credit

Definition:
The work opportunity credit and the welfare-to-work credit are scheduled to expire for wages paid to individuals who began working for you after 2003.

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Tax Legal Resources

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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

Oklahoma Taxation Attorney

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

Ada
Altus
Ardmore
Bartlesville
Bethany
Broken Arrow
Chickasha
Choctaw
Claremore
Collinsville
Duncan
Durant
Edmond
El Reno
Enid
Guthrie
Lawton

Mcalester
Miami
Muskogee
Mustang
Norman
Oklahoma City
Okmulgee
Owasso
Ponca City
Sand Springs
Sapulpa
Shawnee
Stillwater
Tahlequah
Tulsa
Yukon

Legal Disclaimers
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