St. Louis Tax Law Blog
A public official can become embroiled in a tax controversy
The IRS does not care what position an individual here in Missouri or anywhere else in the country holds in society. If it suspects the individual of involvement in a tax controversy, the agency will pursue the matter. For instance, public officials are not above the law, and when authorities suspect them of wrongdoing, those officials could end up facing…
Misconceptions About State Income Taxes in Missouri
While many people tend to focus on their federal income tax returns, many people will also need to pay attention to their state income taxes as well since Missouri is not one of the nine states that do not have income tax. It may not surprise you that there are some misconceptions regarding state income taxes out there, especially since…
Understanding the Earned Income Tax Credit
Many would say that the earned income tax credit is one of the most beneficial and confusing credits in the U.S. Tax Code. Each year, a number of people who would otherwise qualify for this credit pass it by, even though it could save them a significant amount on their tax bill or provide them with a refund. Part of…
Missouri Man Faces Charges of Tax Evasion
The IRS often conducts investigations into individuals it believes have been less than honest with the agency. When taxpayers fail to file tax returns for a number of years, it tends to draw attention. This may be the primary reason why a Missouri man now faces charges, including obstructing the administration of tax laws and tax evasion. According to the…
It’s Tax Time Again. Watch Out for ‘Ghost’ Preparer Scams
The IRS officially opened its doors for the 2019 tax season on Jan. 27. Like others here in Missouri, you may be gathering your documents and dreading figuring out whether you will have to pay or will get a refund this year. It’s kind of like playing roulette since you never quite know how your taxes will turn out, especially…
The Standard Deduction Will be Hard to Overcome
Like others across the country, St. Louis residents work to figure out how to save the most money possible on their taxes every year. Before the recent changes in the tax law, this meant looking for as many deductions as possible. However, after the recent changes, getting those deductions over the standard deduction could prove problematic for many people. For the…