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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Tax Savings with Foreign Sales Corporations
We all know that going global will be the wave of the future for the companies of the future. What would you say if I told you that your export company could exempt a portion of its income from tax? What if I also told you that this plan involved a ...
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Public Disclosure of Tax Filings of Nonprofit Organizations
The IRS recently released final regulations which spell out how, when and where tax-exempt organizations, other than private foundations, must disclose their tax-exemption applications and annual tax filings to the public. The regulations became ...
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The Canadian Goods and Services Tax
The goods and services tax (the "GST") is a broad-based value-added tax levied by the federal government at two rates: 7% and 15%. The 15% rate is only levied on transactions that are considered to be made in one of the provinces that has ...
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The Publicly Supported Charity-The features, the basic rules and requirements of the most common publicly supported charity under subsection 509(a)(1)
Of the four different kinds of public charities recognized under Section501(c)(3) of the Internal Revenue Code, the traditional publicly supported charity is the most common form. The tax exempt letter will refer to it as a subsection509(a)(1 ...
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Sales Tax
International Business Machines Corporation v. Commissioner of Revenue, 1997 WL 694773 (Mass. App. Tax. Bd. 10/24/97). SALES TAX - IBM obtained resale certificates from its lessees in sale/leaseback transactions. It was able to produce two-thirds of ...
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New Treasury Department Rules Governing Public Disclosure of Information by Tax-Exempt Organizations
The Internal Revenue Service ("IRS") has issued regulations requiring tax-exempt organizations to provide copies of their applications for recognition of exemption and most components of their tax returns to the public. The new rules apply to ...
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Pennsylvania Real Estate Upset Tax Sales Bill
Real Estate tax sales in Southeastern Pennsylvania counties (other than Philadelphia) are held in September of each year. Unpaid real estate taxes become delinquent on January 1st of the year following the year when the taxes are due (for example ...
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Housing Update
Public Housing Section 8 Contracts (Comparability Studies) Section 236 Interest Reduction Payment "Decoupling" Tax Credits and Tax-Exempt Bonds Requirements for this year’s HOPE VI funding round were included in the FY2000 HOPE VI NOFA, released ...
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Clarifications of Designated Health Services and Other Definitional Clarifications Under the Regulations
The proposed regulations, unlike the Stark law, specifically define each item listed as a designated health service. The preamble states that a designated health service, even if subsumed within another category for billing purposes, would still be ...
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Frequently Asked Tax Questions and Answers Regarding Employer Tax Information
First of all, Forms W-2 should be furnished to your employees by January 31. It is also your responsibility as an employer to file Forms W-2 with the Social Security Administration (SSA) for your employees, showing wages paid and taxes withheld for ...