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
-
Employee Benefit Provisions of the Taxpayer Relief Act of 1997 and Implementation Guidance on Prior Legislation
On August 5, 1997, the President signed into law the Taxpayer Relief Act of 1997 ("TRA '97") which contains a wide variety of provisions affecting employee benefit plans. In addition, in the weeks following, the Internal Revenue Service released ...
Read More » -
Estate and Family Wealth Planning
If you are a parent with college bound children, you are no doubt concerned about how best to fund future college costs, and, if your children are already college age, how to minimize the current expenses for tuition and related expenses. There are ...
Read More » -
Estate Planning and the Taxpayer Relief Act of 1997
CLINTON SIGNS TAX BILL On July 29, 1997, President Clinton signed the Taxpayer Relief Act of 1997. The Act provides for changes to many different areas of the tax system. This newsletter will highlight some of the changes which I believe are most ...
Read More » -
Family Debt After Divorce
Acknowledging social changes, Congress recently rewrote some of the debt guidelines involving divorced couples whose financial lives remain entwined ...
Read More » -
FASIT Regulations
Proposed FASIT regulations, after a long delay, were recently released by the IRS. Financial asset securitization investment trusts ("FASITs") were authorized in 1996 in recognition of the need for a tax advantaged elective securitization vehicle ...
Read More » -
Federal Tax Changes
President Clinton recently signed three bills into law that may provide you with some significant tax planning opportunities. What follows is a summary of some of the provisions of The Small Business Job Protection Act, The Health Insurance ...
Read More » -
Finance Panel Reports Out Potpourri of Tax Bills
Over the last two weeks, the Connecticut Finance, Revenue and Bonding Committee of the General Assembly favorably reported out several tax bills, including four bills proposed by the Connecticut Department of Revenue Services. The last day for ...
Read More » -
Frequently Asked Tax Questions and Answers Regarding Employer Tax Information
First of all, Forms W-2 should be furnished to your employees by January 31. It is also your responsibility as an employer to file Forms W-2 with the Social Security Administration (SSA) for your employees, showing wages paid and taxes withheld for ...
Read More » -
Gas Tank Fires: The $4.9 Billion Verdict Against General Motors for the Explosion of 1979 Chevrolet Malibu
On July 9, 1999, a Los Angeles jury awarded $4.9 billion to six people burned in a rear end collision when the gas tank in their 1979 Chevrolet Malibu, located merely 11 inches from the rear of the car, gushed into an inferno. Testimony in that case ...
Read More » -
Governor Calls for Cuts in Income and Gasoline Taxes
In his State of the State address to open the 1998 session of the Connecticut General Assembly, Gov. John G. Rowland (R) called for further cuts in the personal income tax and the gasoline excise tax. Overall spending for fiscal 1999, which is the ...
Read More »