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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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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Charitable Contributions
Gifts to charity may produce an immediate income tax deduction and result in reducing the amount of gift and estate taxes payable. Moreover, it is possible to obtain these results and at the same time retain the income produced by the asset being ...
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CHARITABLE GIVING: How to Maximize Your Tax Benefit
It has often been said that "It is better to give than to receive". Not everyone subscribes to this belief; however, it is easier to do so when Uncle Sam is footing part of the bill. Subject to limitations that rarely come into play, most ...
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Clarifications of Designated Health Services and Other Definitional Clarifications Under the Regulations
The proposed regulations, unlike the Stark law, specifically define each item listed as a designated health service. The preamble states that a designated health service, even if subsumed within another category for billing purposes, would still be ...
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Congress Prohibits the Use of the Installment Sale Method of Reporting Gain For Accrual Basis Taxpayers
The tax bill recently enacted by Congress includes a provision which prohibits the use of the installment method of accounting for dispositions of property by taxpayers using the accrual method of accounting. Under the installment method, if a ...
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Corporate Tax Shelters: What Will Be the Impact of the New Regulations on U.S. Multinational Corporations?
In late February of this year, the Internal Revenue Service issued three sets of temporary and proposed regulations requiring promoters to register confidential corporate tax shelters and maintain lists of investors in certain suspect transactions ...
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Cross-Border Tax Issues For U.S.-Based High-Tech Companies: Initiating or Expanding Foreign Operations
The following is a descriptive list of some of the more salient cross-border tax issues that could be faced by a "high-tech" client contemplating the initiation or expansion of foreign operations. Needless to say, the list is by no means exhaustive ...
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Danke Sehr: Bold Plans for German Tax Reform
On Wednesday, February 9, 2000, the German government published its draft tax reform proposals. These proposals will be submitted to the German Parliament in May and are expected to be presented to the Bundesrat for final approval in June. Should ...
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Divorce, Taxes and Your Estate Plan
Over a million Americans will untie the knot each year, about half as many as those who say "I do." If there's a divorce in your future, your most pressing goal may be ensuring that you -- not your ex -- gets custody of the Ming Dynasty urn. While ...
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Economic and Regulatory Factors Agitate Relations Between Automobile Manufacturers and Dealers
Even though automobile manufacturers and dealers need each other to survive in an increasingly competitive landscape, the relationship is often strained. While it is clearly in the best interest of both to sell more vehicles, and both parties ...
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