Tax

This is FindLaw's collection of State and Federal Tax articles, part of the Finance section of the Corporate Counsel Center. While some states do not have an income tax (Nevada), all residents and all citizens of the United States are subject to the federal income tax. Corporations file taxes as well. While they are subject to may of the same rules as are individual taxpayers, they are also covered by an intricate body of rules addressed to the peculiar problems of corporations. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.

Tax Articles
    • California Business Property Tax: Reported Costs Are Not Necessarily Fair Market Value
      California's property tax regime is famous for the limitations placed on assessments by the California Constitutional amendment known as "Proposition 13." However, many people do not know that those limitations apply only to real property. Personal ...

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    • Asset Protection Planning
      This is an excerpt from Chapter 1 of the Asset Protection Planning Guide -- A State-of-the-Art Approach to Integrated Estate Planning (published by CCH) by lead author Barry S. Engel of the Colorado firm of Engel & Reiman pc. Years ago, when asset ...

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    • Review Your Deferred Compensation Plans to Avoid Penalty Taxation
      Tucked away in the voluminous American Jobs Creation Act of 2004, which was signed into law on October 22, 2004, is a provision changing the taxation of nonqualified deferred compensation. Nonqualified deferred compensation arrangements allow ...

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    • New FASIT Regulations Pose Hurdles
      On February 4, 2000, the Internal Revenue Service released proposed regulations concerning Financial Asset Securitization Investment Trusts (FASITs). Congress authorized FASITs in 1996 to provide a nontaxable securitization vehicle for all types of ...

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    • Recent New Jersey Program Allows Technology Businesses to Sell Tax Losses and Credits
      Tax UPDATE New Jersey.s Technology Business Tax Certificate Transfer Program allows new or expanding technology and biotechnology businesses to "sell" their unused net operating loss (NOL) carryovers and unused research and development tax credits ...

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    • Taxpayer Relief Act of 1997: Highlights
      Effective August 5, 1997, TRA '97 eliminates the requirement that qualified pension and welfare plans file summary plan descriptions ("SPDs") and summary of material modifications ("SMMs") with the DOL. SPDs and SMMs, however, must continue to be ...

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    • Real Estate Taxes: How To Determine If You Are Paying Too Much
      Most businesses routinely seek ways to minimize their taxes through effective planning. One area which does not receive significant attention is the payment of real estate taxes on your business property. This is particularly true if your business ...

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    • Foreign Sales Corporations
      Everyone can identify with the happy experience of the unexpected discovery of a few extra dollars tucked away in a coat pocket. The same principle can be applied to international trade when exporting businesses realize that the income tax benefits ...

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    • FAQ: Outgoing Investment
      Are there any prohibitions or restrictions imposed by the U.S. government against U.S. persons making investments outside the U.S.? How does the Internal Revenue Code define the term "foreign"? How does the Internal Revenue Code define the term ...

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    • Managing Stock Options in a Volatile Market
      Until recently, few people outside the investment community understood the value of stock options. But the explosion of entrepreneurial companies in the 1990s, spurred by a raging bull market, changed all that. Today, nearly all employees of growing ...

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