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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Executive Compensation Tax Issues
The following is a brief summary of some of the tax laws regarding reasonable compensation, golden parachute payments, and limitations on compensation deductions. Section 162 of the Internal Revenue Code allows a deduction for ordinary and ...
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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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Clarifying Tax Status for Volunteer Auxiliaries
hospital to its ranks -- this time a former not-for-profit hospital. Much time and effort went into the purchase. The parties may even have had to obtain approval from the state attorney general's office. Nevertheless, all approvals were granted ...
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Civil Controversies: Tax Court Stipulations
For fair and reasonably efficient resolution of federal tax disputes, the United States Tax Court is a remarkable institution. Two of the principal reasons it's still economically possible for a taxpayer to pursue a lawsuit in the Tax Court are: 1 ...
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Christmas in May: Tax Court Judge Lynn W. Davis' Extraordinary Decision
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. I generally feign ...
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Bylaws Review Is More Than Just Reviewing The Bylaws
Coordination with the documents of incorporation, state statutes, federal exemptions and organizational visions is mandatory for a complete bylaws review. Any review or rewrite of the bylaws should begin with an examination of the authority to do ...
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British & United States Virgin Islands Companies: Caribbean Tax Planning Opportunities For The Pacific Rim
In recent years, British Virgin Islands ("BVI") International Business Corporations ("IBCs") have become an increasingly popular corporate and tax planning tool, especially for Hong Kong and other Pacific Rim companies with international operations ...
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Basics of Unrelated Business Income Tax: Use of Pass-through and Other Entities by Pension Funds
The choice of entity is critical in any investment. This decision is more complicated when one of the investors is a qualified plan described in section 401(a). The choice of entity is critical not only for the traditional reasons, such as ...
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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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Individual Tax ID Numbers:
The Internal Revenue Service is implementing new procedures to provide individual taxpayer identification numbers ("ITINs") to certain foreign nationals for tax purposes. ITINs are used by the I RS as tax account numbers. U.S. citizens use their ...