Posts Tagged ‘IRS’

Doctor convicted of using phony church for tax shelter

PASS CHRISTIAN — A Pass Christian doctor has been convicted of tax evasion for using a phony church as a tax shelter. Timothy Dale Jackson, a 50-year-old orthopedic physician, has been found guilty on four counts of felony tax evasion and one count of obstruction of the due administration of the internal revenue laws. Prosecutors […] [...]

Court ruling on Section 42 leaves taxpayers on hook for tax repayments

JACKSON — While some 14 Mississippi counties owe Section 42 housing developers millions in over-charged taxes, Hinds County’s taxpayers are not exposed to such refunds as the tax assessor has levied assessments according to the state law. Tax Assessor Charles Stokes said Hinds County taxpayers can rest assured his office has calculated property taxes appropriately. […] [...]

Setting up a nonprofit organization requires passion, patience

Jeffery Duplessis has a passion for nonprofits. After spending some 20 years in the media, he is now communications and training coordinator at the Mississippi Center for Nonprofits in Jackson helping others launch their charitable concerns. He said he finds his work immensely rewarding, but has seen too many individuals who have started working toward […] [...]

Waveland businessman guilty of failing to file taxes

WAVELAND — A Mississippi vendor for the Orleans Parish Sheriff’s Office in Louisiana has pleaded guilty to failing to file taxes. U.S. Attorney Kenneth Polite Jr. says 36-year-old Kendall O. Marquar, of Waveland, entered the plea Tuesday before U.S. Magistrate Judge Sally Shushan to one count of willfully failing to file taxes. According to court […] [...]

TAXES — It’s time for businesses of all sizes to start gathering records before filing

by Published: January 10,2014

Tags: accounting, Business, IRS, law, Mississippi, taxes

It’s a new year and time to get down to the nuts-and-bolts of tax season. Best advice? IRS spokesperson Dee Harris Stepter said, “Of course, what everyone should be doing is getting their records together so they can be ready to file.” The IRS will begin accepting 2013 business tax returns on Jan. 13. That […] [...]

EDITOR’S NOTEBOOK: Hello, Mr. President, can you hear me now?

My kids, all three of them, are really big fans of President Obama. It has nothing to do with their political affiliation, mind you, considering they are all 8 and under. My 7- and 8-year-olds got to meet him and shake his hand when he was running for president back in ’08, and, from then […] [...]

Errors and record mismanagement can be costly

It’s the little things that can get taxpayers. Simple math errors, poor penmanship or hurriedly filling out your tax form at the last minute account for loads of filing errors. And those slip ups, which typically happen with paper returns, give the Internal Revenue Service another opportunity to tout the benefits of filing taxes electronically. […] [...]

Read January 4 issue of MBJ

by Published: January 4,2013

Tags: Downtown Inn, e-file, electronic filing, IRS, Oxford

>> HOSPITALITY New hotel to replace Oxford’s Downtown Inn— by Clay Chandler Also in this week’s paper: >> HEALTHCARE NMMC implants first absorbing heart sent >> OUR VIEW Tight budget covers possible government oversight cuts >> EDITOR’S NOTEBOOK Viking sale leaves Greenwood hanging >> PHIL HARDWICK Exploring disconnects between economic and community developers >> NANCY […] [...]

Could it be your Social Security income will be taxed?

by Published: July 8,2012

Tags: IRS, retirement age, Social Security, taxes

Many new retirees today assume that Social Security income (SSI) is tax-free. Unfortunately, that is not always the case these days. This is because the door to taxation was opened in 1983 when Congress passed a law in which some might have to pay . . . depending on the amount of income earned. How […] [...]

Last minute tax advice for 2012

by Published: April 15,2012

Tags: dividends, IRS, tax penalties, taxes, wages

So it is tax day, this year on April 17 due to a Monday Emancipation Day holiday on April 16. But you haven’t filed a return, or asked for an extension. If you have asked for an extension, you might not have paid the estimated taxes due. Any of those things could bode badly for […] [...]

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