Tax
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 Articles
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Proposed Tennessee Business Tax Changes
On February 8, 1999, Governor Sundquist proposed the elimination of the Tennessee sales tax on food and a major new and unique tax structure for the taxation of businesses which operate in Tennessee. Under current law, corporations are subject to ...
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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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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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Retirement Plan Changes: Small Business Job Protection Act of 1996 and Health Insurance Portability and Accountability Act
The Small Business Job Protection Act of 1996 (the "'96 Tax Act"), signed into law on August 20, 1996, contains a number of retirement plan amendments designed primarily to simplify the rules relating to retirement plans and increase access to ...
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Revenge of the Tax Lawyers?
The tax departments of most law firms have had a bad run over the last ten years, losing market share and top talent to accounting firms, but there is evidence that change is afoot. To understand the problems facing law firm tax lawyers, you have to ...
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Sales And Use Tax Task Force Adopts Final Recommendations
At its meeting on January 22, the Connecticut Sales and Use Tax Task Force, which is chaired by Rep. Carl Schiessl (D), House cochair of the Finance, Revenue, and Bonding Committee of the General Assembly, adopted its final recommendations. The ...
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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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Saving For A Child’s Or Grandchild’s Education: Qualified State Tuition Programs
Many parents and grandparents are interested in how to save for the education of their children and grandchildren in ways that minimize taxes. For years they have used Custodianship gifts and trusts, but now anyone faced with the challenge of ...
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Section 1031 Exchanges: A Legitimate Tax Shelter for Business
Engaging in a "like-kind" exchange under IRC section 1031 is one of the few legitimate tax shelters available to corporations and other business entities engaging in disposition transactions. In a like-kind exchange, the taxpayer sells business ...
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Senior Citizen Home Owners Can Save Taxes Now and After Death
Will you turn 65 years old or older this year? Reducing your property taxes is one good way to assist estate planning and retirement goals. And we can help. You may think "there's nothing certain except death and taxes." There are, however, several ...
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