TulsaTax Attorneys.

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July 20, 2010
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Welcome to Tulsa Tax Attorneys.com

 

 
Did You Know?    
 
 
There are tax rules if change in accounting method is made
Generally, the partnership must get IRS consent to change its method of accounting used to report income (for income as a whole or for any material item). To do so, it must file Form 3115, Application for Change in Accounting Method. See Form 3115 and Pub. 538, Accounting Periods and Methods.

 



Tax Law is divided into both Federal Tax and State Tax, and involves the taxation of income and property acquired through personal and professional efforts. In addition to income tax, there is sales tax, gift tax, inheritance tax, capital gains tax, property tax, and a myriad of other areas of tax.

 
Tax collections shown for various States    
 
 
Amounts include adjustments to prior years made in Fiscal Year 2004. This could produce negative amounts of collections shown in the table.However, in a given fiscal year, refunds relating to prior fiscal years may be issued and subsequently recorded, and, therefore, the total refund amount may exceed the collection amount [Money amounts are in thousands of dollars.] in Oklahoma
Total Internal Revenue collections [2] 20,418,765
Corporation income tax [3] 2,303,842
Total [4,5] 12,843,853
Income tax not withheld and SECA tax [4,5] 2,604,992
Income tax withheld and FICA tax [4] 10,174,152
Railroad retirement tax 1,426
Unemployment insurance tax 63,284
Estate Tax 315,046
Gift Tax 3,794
Excise Taxes[2] 4,952,230

Source: Data 2004, Chief Financial Officer, Revenue Financial Management
 

Federal Income tax became law in 1913 when the Sixteenth Amendment to the U.S. Constitution was ratified. While some states do not have an income tax, all residents and citizens of the United States are subject to federal income tax. The more assets an individual owns, unfortunately, the more complicated the tax law becomes.

Congress writes the tax laws, which become part of the tax code. The Internal Revenue Service (IRS) is charged with interpreting the tax code. The IRS is a branch of the U.S. Treasury Department, with headquarters in Washington, D.C., and is ruled by a commissioner appointed by the President. Regional commissioners and district directors, also political appointees, oversee IRS operations.

Our Tulsa Taxation Lawyers are willing to work for you. They can explain in detail the complex state and federal tax laws that affect you and your case. If you expect a high standard of quality from your legal representatives, then our Tulsa Taxation Lawyers are the lawyers for you.

Taxation and Tax Law related topics:

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

Contact our Tulsa Taxation Lawyer Now!

 
Tulsa Audio & Video    
 
  Senate Republicans Seek End to Estate Tax
AUDIO, RM, 44Kbps, 7:08, 7/28/2005

The Senate is expected to vote this week on a proposal to repeal the estate tax. The tax has been in place for nearly a century. But times have changed and estate tax opponents are predicting victory
Source: NPR
 
 
Tulsa External Sites    
 
 

Oklahoma State Income Tax Information
1 The maximum amount of annual wages subject to the Oklahoma tax withholding ... Taxable Income Is:. The Amount of Oklahoma Tax Withholding Should Be

 


 

  Newsroom  
 


News about Taxation cases in Tulsa and nationwide:

IRS Gives Northeast Storms Victims Until April 26 To File Tax Returns
Taxpayers affected by the major storm that hit the Northeastern United States April 16 now have until Thursday, April 26 to file their tax returns,...
Read more >


U.S. Government Sues Jackson Hewitt Tax Preparation Franchises, Alleging Pervasive Fraud
The United States has filed civil injunction suits against five corporations that operate Jackson Hewitt tax preparation franchises, as well as 24 ...
Read more >


Linder To Address Americans For Fair Taxation National Convention In Atlanta

Linder To Address Americans For Fair Taxation National Convention In Atlanta

Duluth, Georgia - Congressman John Lind...

Read more >


More Taxation News >

 
 

Taxation Terms

 


Today's Terms

Employee

Definition:
Works for an employer. Employers can control when, where, and how the employee performs the work.

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.

Compulsory payroll tax

Definition:
An automatic tax collected from employers and employees to finance specific programs.

More Taxation Terms >

 

Tax Legal Resources

 


Search Taxation legal resources in our resource center:

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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

More Tax Topics >

Tulsa 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
 


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