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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Thelen Reid Report: Internet Tax Freedom Act Imposes Three-Year Moratorium on State and Local Government Taxation of the Internet
On October 13, 1998, the United States Supreme Court announced it will decide whether the Employee Retirement Income Security Act of 1974 ("ERISA") preempts two California rules that could be used to alter the terms of an employee benefit plan ...
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Cross-Border Tax Issues For U.S.-Based High-Tech Companies: Initiating or Expanding Foreign Operations
The following is a descriptive list of some of the more salient cross-border tax issues that could be faced by a "high-tech" client contemplating the initiation or expansion of foreign operations. Needless to say, the list is by no means exhaustive ...
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Unrelated Business Income Should Be Reviewed In 501(C)(3) Bond Issues
Marcus S. Owens, the retiring director of the Exempt Organizations Division of the Internal Revenue Service, departed with a warning to organizations described in sec. 501(c)(3) of the Internal Revenue Code. In his last speech as director, he noted ...
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Finance Panel Reports Out Potpourri of Tax Bills
Over the last two weeks, the Connecticut Finance, Revenue and Bonding Committee of the General Assembly favorably reported out several tax bills, including four bills proposed by the Connecticut Department of Revenue Services. The last day for ...
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New IRS Rules on Corporate Sponsorships
The IRS has issued new proposed regulations intended to help tax exempt organizations determine whether payments received from corporate sponsors are taxable as unrelated business taxable income. The regulations, published February 29, are the ...
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Taxation of Electronic Commerce in Canada
Technological developments in electronic commerce over the past several years have strained the ability of the tax authorities to apply existing principles and concepts to tax persons on the resulting income. Perhaps the most obvious electronic ...
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Tax Incentives Newsletter
Notwithstanding that the unemployment rate in South Carolina increased more than any other state in the nation last year, economic development incentives have come under increasing attack. The Baltimore Sun, ABC News, op-ed editorials in The State ...
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Stock Option Income Subject To Earned Income Tax Levied By Pennsylvania Political Subdivisions
Pennsylvania residents who exercise stock options issued by their employer may be subject to local earned income tax on the income realized when such stock options are exercised, based on a recent Pennsylvania Supreme Court ruling. In Marchlen v ...
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Long-Awaited Breakthrough in German Tax Reform
In Germany, the breakthrough for genuine tax reform has at last occurred. The modest tax reform proposals that were enacted for 1999-2000 have now been followed by fundamental reforms that will be implemented over the next five years. Not only has ...
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Governor Proposes Income Tax Rebate
In his address to a joint session of the Connecticut General Assembly on February 10, Gov. John Rowland (R) introduced his budget and tax packages for the fiscal 2000-01 biennium. The budget proposes spending $11.6 billion in fiscal 2000 (July 1 ...