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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

  • 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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  • How to Effectively Compensate Your Management Team

    Recruiting and retaining premier executives to manage developing entrepreneurial and technology companies is a problem that often can be overcome with creative compensation packages. While highly attractive executives often have an entrepreneurial ...

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  • Foreign Sales Corporations

    Everyone can identify with the happy experience of the unexpected discovery of a few extra dollars tucked away in a coat pocket. The same principle can be applied to international trade when exporting businesses realize that the income tax benefits ...

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  • Federal Income Tax Classification of Governmental

    Most governmental entities and political subdivisions are not subject to federal income tax based on the principles of inter-governmental immunity.1 If an entity is separate from (not an "integral part") of the governmental unit, its income is ...

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  • FAQ: Outgoing Investment

    Are there any prohibitions or restrictions imposed by the U.S. government against U.S. persons making investments outside the U.S.? How does the Internal Revenue Code define the term "foreign"? How does the Internal Revenue Code define the term ...

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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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  • 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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  • 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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  • 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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