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
Tax
Tax Articles
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Liquor Laws and Regulations for Retail Dealers
Forward1. General2. Tax on Retail Dealers3. Tax on limited retail dealers4. Stamp not a license5. Time for payment of special tax6. Retail dealers conducting business at more than one location7. Employer identification number8. Computation of tax9 ...
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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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Just Say No Thanks: Disclaiming Gifts Or Bequests May Be Best Way to Fix Estate Planning Errors
There is a saying, "Don't look a gift horse in the mouth." Obviously, the speaker never had to deal with the U.S. tax system. Sometimes, due to tax and other implications, the costs of receiving a gift outweigh the benefits. Under certain ...
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Maybe Not So Definite? IRS Abandons Stance on Definitely Determinable Requirement for Profit Sharing Plans
The IRS has abandoned its two-year old position regarding the "definitely determinable" allocations requirement for profit sharing plans. In a 1994 field directive, the IRS alerted its regional compliance chiefs that an employer could not divide a ...
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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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Alternative Fueled Vehicles and Alternative Vehicle Fuels
Driving a car fueled by something other than gasoline or diesel fuel is no longer the stuff of science fiction. In addition to conventional gasoline and diesel fuel, reformulated cleaner gasoline and alternative fuels now are sold in many ...
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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 ...