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

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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Avoiding Multi-State Taxation

Does your company sell products to customers in states outside of Pennsylvania? If so, your company may be subject to income tax in those states if you are not careful about the types of services you provide to those out-of-state customers. Each ...
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Avoiding Taxes While “Trading Up”

You.ve occupied your old facility for many years. It.s risen greatly in value, even though you.ve 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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Be Careful Moving Your IRA Money

The Tax Court has recently highlighted another IRA rollover tax trap. There are two basic ways to move money from one IRA to another Â– a direct rollover and a trustee-to-trustee transfer. Although a direct rollover may be more convenient, the ...
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Beyond the Legend: The Impact of New Circular 230

By now, corporate taxpayers will have noticed a change in much of the written tax advice they have received from their outside tax advisers after June 20, 2005. This change is the immediate result of new regulations the U.S. Treasury has issued to ...
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California Business Property Tax: Reported Costs Are Not Necessarily Fair Market Value

California's property tax regime is famous for the limitations placed on assessments by the California Constitutional amendment known as "Proposition 13." However, many people do not know that those limitations apply only to real property. Personal ...
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California Trial Court Holds That Use of a Separate Company Limitation for Claming Tax Credits Generated by a Unitary Business is not Inconsistent with Unitary Business Principles

Over 50 years ago in Edison California Stores v. McColgan, 30 Cal.2d 472 (1947) the California Supreme Court upheld the use of a combined report when a unitary business is conducted by multiple corporations. In doing so, a fundamental principle ...
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Cash that Gift Check Right Away

Before his mother passed away, Mark used his power of attorney to write gift checks from her checking account to himself, his wife, and some other relatives, hoping to take advantage of the annual $10,000 gift tax exclusion. The checks were not ...
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Casino Fixtures

LeasePartners Corp. v. The Robert L. Brooks Trust, No. 25946, 1997 WL 398930 (Nev. July 15, 1997). FIXTURES - The Brooks Trust owned the Royal Hotel and Casino; the Danzig Corp. leased the hotel and casino from the Trust. Danzig leased large signs ...
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Challenge your property tax assessment

Are your property taxes higher than they should be? For many in the Maryland/DC/Virginia area, property taxes are at an all-time high. But what you may not know is that there is something you can do about it. If you think your assessment is out of ...
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