Happy 100th Birthday to the US Income Tax!?

Passed by Congress on July 2, 1909, and ratified February 3, 1913, the 16th amendment established Congress’s right to impose a Federal income tax. Far-reaching in its social as well as its economic impact, the income tax amendment became part of the Constitution by a...

2013 Payroll withholding is still unknown

The IRS issued the following statement today regarding payroll withholding tables: “We are aware that employers have questions with respect to 2013 withholding. Since Congress is still considering changes to the tax law, we continue to closely monitor the situation....