Federal Tax

This is FindLaw's collection of Federal Tax articles, part of the Finance section of the Corporate Counsel Center. The Federal tax law is administered primarily by the Internal Revenue Service, a bureau of the U.S. Treasury. The U.S. tax code is known as the Internal Revenue Code of 1986 as amended (Title 26 of the U.S. Code). There is a special trial court which hears disputes between the IRS and taxpayers regarding federal income, estate and gift tax underpayments - the U.S. Tax Court. 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.

Federal Tax Articles
    • 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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    • 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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    • Pension Simplification for Small Businesses
      Recent changes in the pension laws, including the passage of The Small Business Job Protection Act of 1996, have vastly changed the pension landscape. The Small Business Job Protection Act (the Act), which became law on August 20, 1996, was designed ...

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    • Real Property Tax Issues
      Tax advantages or disadvantages may result from subdividing land for purpose of sale, foreclosing or repossessing real property you have sold, or purchasing real property from a nonresident alien. This article will briefly discuss certain tax ...

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    • Corporate Gifts To Public Officials
      In July, 1998 a prominent California winery agreed to pay $150,000 in fines and other penalties for making a total of $374 in illegal gratuities to a Federal official. Since providing meals, beverages or entertainment is a common practice among ...

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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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    • IRS Issues New Regulations for Payments to Foreign Persons
      Payments to domestic and foreign persons create a number of withholding and information reporting obligations for both the payor and the recipient of these payments under various provisions of the Internal Revenue Code (the "Code"). These procedures ...

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    • How to Effectively Compensate Your Management Team
      Recruiting and retaining premier executives to manage developing entrepreneurial and technology companies is a problem that often can be overcome with creative compensation packages. While highly attractive executives often have an entrepreneurial ...

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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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    • Federal Income Tax Classification of Governmental
      Most governmental entities and political subdivisions are not subject to federal income tax based on the principles of inter-governmental immunity.1 If an entity is separate from (not an "integral part") of the governmental unit, its income is ...

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