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
    • 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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    • Dischargeability of Income Tax Bankruptcy
      Although having knowledge that taxes are dischargeable in bankruptcy, many attorneys still perceive that the tax collector elbows everyone aside and gets paid. Personal income taxes are dischargeable. Practitioners should know the basic requirements ...

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    • Annual Cost-Of-Living Adjustments: 1997
      On October 24, 1996, the Internal Revenue Service announced the annual cost-of-living adjustments ("COLAs") for certain limits which affect the administration of tax-qualified retirement plans, including 401(k) plans, and certain other types of ...

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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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    • Avoiding Taxes While "Trading Up"
      You.ve occupied your old facility for many years. It.s risen greatly in value, even though you.ve claimed so much depreciation on it over the years that it has a very low basis for tax purposes. Business is going great guns and you need to add more ...

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    • IRS Holds That Options Are Immediately Taxable in Divorce
      The IRS has taken the position that a spouse who transfers incentive or nonqualified stock options as part of a divorce is subject to immediate taxation on the fair market value of the options. Because the market value of the options was a factor in ...

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    • IRS Issues Extensive Amendments to the Section 1441 Withholding Regulations
      On May 15, 2000, the IRS issued extensive amendments to the final 1997 regulations under ยง1441 and related provisions governing payments to foreign persons and to persons whose status is unknown to a withholding agent. (T.D. 8881) (65 Fed. Reg ...

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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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    • IRS Issues Updates to Training Textbooks Possible effect on 501(c)(3) Bonds
      The IRS has just published a series of updates to its Continuing Professional Education Textbooks that are of interest to the public finance community, when issuing 501(c)(3) bonds. These are the textbooks that the IRS uses in its continuing ...

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