Tax - Page 9
This is FindLaw's collection of State and Federal Tax articles, part of the Finance section of the Corporate Counsel Center. 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
Tax Articles
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This article provides an overview of the requirements and benefits of using a Roth IRA in retirement planning. -
Pennsylvania residents who exercise stock options issued by their employer may be subject to local earned income ta. -
This article discusses South Carolina state and federal law relating to tax incentives for research and development as well as provides suggestions for proposed tax incentive legislation. -
Usually with indignant disbelief, my taxpayer clients often lecture me that constitutional safeguards routinely extended to others, like accused felons and garden variety plaintiffs, find no counterparts in the tax world. The taxpayers' point is that the state must prove criminal guilt beyond a reasonable doubt, while the reverse applies to taxpayers, who must prove the taxing authorities' presumptively correct assessments are wrong. -
Section 162 of the Internal Revenue Code allows a deduction for ordinary and necessary business expenses, including reasonable compensation expenses for personal services. As might be expected, the concept of "reasonableness" is somewhat nebulous. In making this determination, courts have applied two tests: (1) the amount test, which analyzes whether the amount of compensation is reasonable in relation to the services performed, and (2) the intent test, which analyzes whether the money paid was intended as compensation. -
During the 1998 regular session, the Connecticut General Assembly approved exemption from the corporation business tax for any non-U.S. corporation whose sole activity in Connecticut during the income year consisted of trading in stocks or securities for such corporation's own account. -
Information and Readiness Disclosure Act President Clinton recently signed into law the Year 2000 Information a. -
Does your company sell products to customers in states outside of Pennsylvania? If so, your company may be sub. -
Estate planners (and many clients) are familiar with Crummey powers. They are the neat trick that an enter. -
This alert details some important relief for U.S. and foreign investors under the Taxpayer Relief Act of 1997, such as significantly reduced - and more complex - capital gains rates, and the new provisions affecting investments in qualified small business stock.