Taxes Resource Center

 

  • IRS Owes Some of You Money (Action, Apr. 1, 2013)
    TMA has learned that if you were in residency or fellowship training between Jan. 1, 1995, and March 31, 2005, you may qualify for a refund of Federal Insurance Contributions Act (FICA) taxes collected on your stipend during that time.
  • EHR Incentive Payments Are Taxable Income (Action, Mar. 18, 2013)
    Incentives paid under the Medicare electronic health record (EHR) incentive program are taxable, the Internal Revenue Service ruled in February.
  • Support Vaccine Tax Deduction
    Vaccines are central to preserving public health, and our membership believes in the importance of immunizing all Texans. We fully support efforts to ensure that vaccines make good business sense. Providing this minor cost deduction within the margins tax will greatly ensure future access to vaccination services for all Texans. 
  • Franchise Tax Bill Update 
    Because the new method for calculating franchise tax is dramatically different from prior methods, there are few precedents for the State Comptroller to use in drafting rules. Thus, every issue is new and contentious, the impact of the rule is untested, and rulemaking is a difficult process for all parties. TMA anticipated some of the issues in advance, but others emerged from unexpected Comptroller interpretations. TMA responded to a pre-proposal rule draft and to the draft rule published in the Texas Register. The Comptroller's office officially published the rules in December 2007, and TMA convinced the Comptroller to revise some of the rules.

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