Tag Archives: Kerri Tassin

Choosing the right filing status

When individual income taxpayers begin to complete their Forms 1040 for the filing season, one of the first things they must determine is the proper filing status. The Internal Revenue Code generally breaks the filing statuses into two main categories: single or married. …

Posted in Bears Business Brief, College of Business, School of Accountancy | Tagged , , | Comments Off on Choosing the right filing status

Bears Business Brief: Do I really have to keep all of those tax records?

By: Kerri Tassin I teach tax accounting classes at Missouri State University, and each semester in class we discuss business related expenses for purposes of possible deductions from federal gross income. When we start to explore certain deductions and transactions, I …

Posted in Bears Business Brief, College of Business | Tagged | Comments Off on Bears Business Brief: Do I really have to keep all of those tax records?

Bears Business Brief: 2015 “Protecting Americans From Tax Hikes” Act

By: Kerri Tassin Several tax provisions intended to benefit both individual and business taxpayers expired at the end of 2014. On December 18, 2015, President Obama signed into law the “Protecting Americans from Tax Hikes”  (PATH) Act of 2015 (Public Law …

Posted in Bears Business Brief, College of Business | Tagged | Comments Off on Bears Business Brief: 2015 “Protecting Americans From Tax Hikes” Act

Bears Business Brief: Saving for retirement could yield tax savings

By: Kerri Tassin Saving for the future could result in current tax savings. Taxpayers may have the opportunity to take advantage of deductions, income deferral and possibly a tax credit, all while setting aside a nest egg that will help ensure …

Posted in Bears Business Brief, College of Business | Tagged | Comments Off on Bears Business Brief: Saving for retirement could yield tax savings