income tax

Despite Delays, Taxes Still Due April 15: St. Louis Tax Expert Lance Weiss

Alex Heuer, Mary Edwards and Don Marsh — Thu, 21 Feb 2013 21:23:31 +0000

Last year, Congressional negotiations over the so-called fiscal cliff put year-end tax considerations in flux.

A deal was reached, and though the filing acceptance date was delayed a couple of weeks, the Internal Revenue Service is now accepting most 2012 tax returns.

The IRS did not, however, change the tax due date of April 15, 2013.

Host Don Marsh talked with St. Louis-based tax expert Lance Weiss, CPA, of SFW Partners, LLC.

Occupy activists protest corporate tax code

Joseph Leahy — Tue, 17 Apr 2012 23:53:46 +0000

Occupy movement protesters blocked traffic outside Bank of America's regional headquarters Tuesday in downtown St. Louis. The group, including union workers, students, retirees, and clergy, staged a mock-game of dodge ball to protest how, in their view, corporations dodge paying their fair share of taxes.

Zach Chasnoff, an organizer for the group, says the movement chose the IRS's filing deadline to call attention to an unfair tax system that favors corporations over citizens.

Mo. lawmakers to consider eliminating state's income tax

Maria Altman — Wed, 28 Dec 2011 11:59:17 +0000

Among the proposals that Missouri's legislature will consider next year is one that would eliminate the state's income tax.

State Senator Chuck Purgason is sponsoring the legislation. The Republican from Caulfield wants to see Missouri rely solely on sales and use taxes.

He says that would lure more businesses to the state and be a more fair way of taxing residents.

Ill. Dems, GOP race to end corporate tax hikes

The Associated Press — Wed, 14 Dec 2011 18:03:48 +0000

Fresh off approving tax breaks for key Illinois businesses, Democrats and Republicans in the Illinois House are racing to end the corporate tax hike imposed this year.

House Republican Leader Tom Cross announced a plan Wednesday to return the corporate rate to 4.8 percent from 7 percent by 2014 - instead of 2025. He and business leaders proposed a step-down plan that in the meantime would lower taxes when the unemployment rate rises.

Tuesday, Democratic Rep. Jerry Costello II of Smithton introduced legislation that would eradicate the corporate hike starting Jan. 1.

Mo. tax revenue 2.7 percent higher than last year

The Associated Press and Marshall Griffin — Thu, 02 Jun 2011 16:24:03 +0000

Missouri tax revenue is higher than last year, but a dip in individual income tax collections last month has prompted some concern.

Eleven months through the current budget year, revenue has increased from last year by 2.7 percent to $6.5 billion. However, the state Office of Administration reported Thursday that individual income tax collections were down 1.4 percent from May 2011 to May 2010.