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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IRS Issues Updates to Training Textbooks Possible effect on 501(c)(3) Bonds
The IRS has just published a series of updates to its Continuing Professional Education Textbooks that are of interest to the public finance community, when issuing 501(c)(3) bonds. These are the textbooks that the IRS uses in its continuing ...
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IRS Regulations Clarify Open Issues on Golden Parachutes
The IRS' golden parachute payment rules can result in severe adverse tax consequences to both corporations that make, and an executive who receives, parachute payments. It is important therefore for corporations and their executives to understand ...
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IRS Targets Withholding on Employee Stock Purchase Plan Transactions
After years of inconsistent action, the IRS has chosen 1998 as the year to aggressively assert that stock issued pursuant to Employee Stock Purchase Plans ("ESPPs") is subject not only to federal income tax withholding in the event of a ...
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Issues for Small and Medium-Sized Businesses to Consider Regarding Litigation
Article provided by Ciesla and Ciesla, PC. Please visit our Web site. Small and medium-sized businesses work differently than larger businesses in many important respects. One significant difference is how businesses of different sizes handle ...
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It’s Not Too Late to Convert to a Roth IRA
If you are eligible to convert a regular IRA to a Roth, chances are you should do it, and you should do it quickly! If a single taxpayer (or married couple) has Adjusted Gross Income ("AGI") of $100,000 or less, a regular IRA can be converted to a ...
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Keep Those “Crummey” Notices Coming
Estate planners (and many clients) are familiar with Crummey powers. They are the neat trick that an enterprising taxpayer named Crummey and his attorney found about 25 years ago to turn a gift which wasn't eligible for the annual gift tax exclusion ...
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Labeling Alternative Fueled Vehicles
Introduction The Federal Trade Commission (FTC) prepared this booklet to help you comply with a new FTC rule that requires labeling on alternative fueled vehicles. The Labeling Requirements for Alternative Fuels and Alternative Fueled Vehicles Rule ...
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Long-Awaited Breakthrough in German Tax Reform
In Germany, the breakthrough for genuine tax reform has at last occurred. The modest tax reform proposals that were enacted for 1999-2000 have now been followed by fundamental reforms that will be implemented over the next five years. Not only has ...
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Long-Term Care Insurance Premiums Now Deductible
It is time for us to face the harsh realities of the current Medicaid system. Short of totally impoverishing ourselves, and then somehow surviving for three years, we will never qualify for Medicaid in order to pay for nursing home expenses. The ...
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Major California Legislation Enacted in 1997 Relating to Land Use
Senate Bill 919, an urgency statute that became effective July 1, 1997, clarifies certain aspects of Proposition 218 as approved by voters in November 1996. Proposition 218 added Articles XIIIC and XIIID to the California Constitution and was ...
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