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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Governor Finally Releases Tax and Accountability Proposals
After months of discussions, debates, and trial balloons, Governor Bob Riley (R) finally released on Monday, May 19th his proposed plan for overcoming the more than $600 million deficit the State of Alabama is facing in the coming fiscal year. The ...
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Governor Proposes Income Tax Rebate
In his address to a joint session of the Connecticut General Assembly on February 10, Gov. John Rowland (R) introduced his budget and tax packages for the fiscal 2000-01 biennium. The budget proposes spending $11.6 billion in fiscal 2000 (July 1 ...
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Hercules and Firstar: Nondomiciliary Taxpayers Successfully Defend Nonbusiness Income Treatment Before The Minnesota Supreme Court
In two recent cases, the Minnesota Supreme Court reversed the state's Tax Court and held that capital gains, arising in one case from the sale of stock and in the other from the sale of out-of-state office property, were nonapportionable ...
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Housing Update
Public Housing Section 8 Contracts (Comparability Studies) Section 236 Interest Reduction Payment "Decoupling" Tax Credits and Tax-Exempt Bonds Requirements for this year’s HOPE VI funding round were included in the FY2000 HOPE VI NOFA, released ...
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How Comprehensive Is Your Estate Plan: Seek Advice For Every “No” And “Don’t Know” Answer.
Do you have a Will? Do you have a Health Care Power of Attorney and Living Will? Do you have a Durable General Power of Attorney? Does your will name a guardian for your children if both you and your spouse are deceased? Are you comfortable with the ...
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Impact of the Taxpayer Relief Act of 1997 on Qualified Small Business Stock
> On August 5, 1997, the President signed the Taxpayer Relief Act of 1997 (the Act) into law. The Act is notable for providing taxpayers with the biggest tax cut in more than 16 years and for its breadth and complexity. As you may know, the Act ...
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Individual Tax ID Numbers:
The Internal Revenue Service is implementing new procedures to provide individual taxpayer identification numbers ("ITINs") to certain foreign nationals for tax purposes. ITINs are used by the I RS as tax account numbers. U.S. citizens use their ...
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International Tax Consequences of Year 2000 Fix Costs
The Year 2000 compliance process will generate a number of vexing tax issues for users. Whether fix costs are deductible or amortizable comprises one set of issues. 1/ Another equally significant and complex set of issues arises for multinational ...
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IRA Planning Alternatives
The tax laws relating to the IRA distribution rules are considered by some to be the most complex provisions in the Internal Revenue Code. Understandably, many people do not understand the different alternatives and elections available to them with ...
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IRS Issues Extensive Amendments to the Section 1441 Withholding Regulations
On May 15, 2000, the IRS issued extensive amendments to the final 1997 regulations under §1441 and related provisions governing payments to foreign persons and to persons whose status is unknown to a withholding agent. (T.D. 8881) (65 Fed. Reg ...
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