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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

  • Recent Developments Affecting Qualified Retirement Plans

    This update summarizes several recent developments that may affect the administration of 401(k) plans and other qualified retirement plans. Earlier this month, the IRS published a revised model .Special Tax Notice. that is to be provided by the ...

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  • New Dollar Limits for 1999

    On October 23, 1998, the IRS announced the new cost-of-living-adjusted dollar limits that will apply to qualified retirement plans for 1999 plan years. Most 1998 limits are unchanged for 1999. Here are the 1999 limits that apply to most employer ...

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  • Changes in Retirement Plans for 1997

    In 1996 the United States Congress enacted several pieces of legislation impacting the use of retirement plans. The outline below summarizes several of the changes that are effective as of January 1, 1997. INDIVIDUAL RETIREMENT ACCOUNTS (IRAs) ...

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  • Family Debt After Divorce

    Acknowledging social changes, Congress recently rewrote some of the debt guidelines involving divorced couples whose financial lives remain entwined ...

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  • Asset Protection Planning

    This is an excerpt from Chapter 1 of the Asset Protection Planning Guide -- A State-of-the-Art Approach to Integrated Estate Planning (published by CCH) by lead author Barry S. Engel of the Colorado firm of Engel & Reiman pc. Years ago, when asset ...

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  • Transfer Pricing Update Canada

    Some transfer pricing trends are beginning to emerge that taxpayers should be aware of and be prepared to address in the course of preparing for an audit. Observers have noted: • the CRA's use of the "recharacterization" and penalty provisions in ...

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  • How Comprehensive Is Your Estate Plan: Seek Advice For Every "No" And "Don't Know" Answer.

    Do you have a Will? Do you have a Health Care Power of Attorney and Living Will? Do you have a Durable General Power of Attorney? Does your will name a guardian for your children if both you and your spouse are deceased? Are you comfortable with the ...

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  • Long-Term Care Insurance Premiums Now Deductible

    It is time for us to face the harsh realities of the current Medicaid system. Short of totally impoverishing ourselves, and then somehow surviving for three years, we will never qualify for Medicaid in order to pay for nursing home expenses. The ...

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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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  • Avoiding Taxes While "Trading Up" occupied your old facility for many years. It.s risen greatly in value, even though claimed so much depreciation on it over the years that it has a very low basis for tax purposes. Business is going great guns and you need to add more ...

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