TaxCure Blog

Earlier this month marked the day that the tax code as we know it, complete with income tax, became law. The 16th Amendment was properly approved in February of 1913, and Woodrow Wilson signed the requisite legislation for our tax code on October 3, 1913. So the tax code — and the income tax as codified in the Constitution — has reached its 100th birthday.

Right now, there is a debate raging over whether or not severance pay should be subject to FICA taxes. It’s a tough call because it all depends on whether or not severance pay is considered wages, and whether or not the pay is for services that you provide to the company.

The government is in shutdown mode right now, with many services being cut, and government offices closed. The IRS is one of the agencies seeing limited operations as a result of the impasse over funding the government.

One of the debates that rages around taxes is whether it’s right for some people to do their best to avoid paying taxes if they can. Just because it’s legal to avoid paying taxes in some cases doesn’t mean that it is right.

Earlier this year, the Supreme Court made it clear that the Federal Government must acknowledge same-sex marriages by striking down portions of the Defense of Marriage Act (DOMA).