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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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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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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Taxpayer Relief Act of 1997: Highlights
Effective August 5, 1997, TRA '97 eliminates the requirement that qualified pension and welfare plans file summary plan descriptions ("SPDs") and summary of material modifications ("SMMs") with the DOL. SPDs and SMMs, however, must continue to be ...
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The Betsy King LPGA Classic Hit with Amusement Tax Liability
On September 7, 1999, a three judge panel of the Pennsylvania Commonwealth Court reversed an order of the Berks County Court of Common Pleas which had held that The Betsy King LPGA Classic was not retrospectively liable for the collection of a local ...
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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 Coming Sales Tax Amnesty and What It Will Cost You
On November 12, 2002, representatives of 34 states and the District of Columbia approved a final version of a multi-state Streamlined Sales and Use Tax Agreement (the "Agreement") designed to simplify and modernize sales and use tax collection and ...
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The Home Office Tax Deduction
The Internal Revenue Service has issued new rules affecting the income tax deduction for the business use of a home. A "home" means a house, apartment, condominium, mobile home, or boat, including other structures on the property, but the term does ...
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The Internal Revenue Service Restructuring and Reform Act of 1998
From Riker Danzig Tax UPDATE The Internal Revenue Service Restructuring and Reform Act of 1998 made some noteworthy tax law changes that will have ongoing effects. Among them are: Prior to the Act, there was a complicated three-level structure ...
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The IRS Warning to Tax-Exempt Hospitals on Alliances
THE COMPETITIVE PRESSURES on nonprofit hospitals brought about by drastic changes in the economics of health care have forced these institutions to think and act more like businesses. Among the many innovations that would have been almost ...
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The Proposed Business Tax a Heavy Burden by Any Name?
On February 8, 1999, in his State of the State address, Governor Don Sundquist proposed what he characterized as "The most sweeping business tax changes in three-quarters of a century." The broad parameters of the Governor's proposal were: First ...
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