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July 20, 2010

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Tax Law Resources

The best way to inform yourself about Wyoming Taxation Law and Tax related topics. Our Tax Resource Center includes the following sites for your personal use:

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Did You Know?

Form 5471 is Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Report information with respect to certain foreign corporations. A domestic partnership may have to file Form 5471 if it: Controls a foreign corporation; or Acquires, disposes of, or owns 5% or more in value of the outstanding stock of a foreign corporation; or Owns stock in a corporation that is a controlled foreign corporation for an uninterrupted period of 30 days or more during any tax year of the foreign corporation, and it owned that stock on the last day of that year.

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	News about Taxation cases in Wyoming and nationwide: New IRS Study Provides Preliminary Tax Gap Estimate WASHINGTON – The Internal Revenue Service released preliminary results today from a major research project assessing compliance with the tax laws. ... Read more > Tax Commissioner Announces Partnership With Other States In Combating Abusive Tax Avoidance Transactions RICHMOND, VA - Tax Commissioner Kenneth W. Thorson signed a Memorandum of Understanding (MOU) between Virginia TAX ... Read more > Inhofe Honored As Taxpayer’s Friend Friday, April 12, 2002 WASHINGTON - U.S. Sen. James M. Inhofe (R-Okla.) has been officially honored as... Read more > More Taxation News >

Taxation Terms

Today's Terms

Dependency exemption

Definition:
Amount that taxpayers can claim for their eligible dependents. Each exemption reduces the income subject to tax. The exemption amount is a set amount that changes from year to year.

Dependent

Definition:
A person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.

Self-Employment Tax

Definition:
The self-employment tax rate on net earnings remains the same for 2003. This rate, 15.3%, is a total of 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).

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Tax Legal Resources

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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

Wyoming Taxation Attorney

If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

Casper
Cheyenne
Cody
Douglas
Evanston
Gillette
Green River
Jackson

Lander
Laramie
Powell
Rawlins
Riverton
Rock Springs
Sheridan

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