Posts tagged as:

corporations

US Uncut and GE: Imagination (and Hoaxes) at Work

13 April 2011

Just around noon, a story caught my eye on Twitter. It was a link to a Forbes story claiming that GE had issued a press release confirming that the company had decided, in the midst of public outrage, to return its $3.2 billion refund. I almost choked on my coffee. What company does this? The [...]

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Twitter Gets Tax Break, Will Stay in San Francisco

6 April 2011

In 140 characters (or less): Twitter is staying put in San Francisco. At least for now. A split Board approved a payroll tax exemption in San Francisco meant to keep Twitter and similar companies in the City by The Bay. The vote means that companies who agree to move to or remain in the less [...]

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It’s March 15, Do You Know Where Your Corporate Tax Returns Are?

15 March 2011

Today is March 15 which means that most corporate taxpayers must file their tax returns (or extensions) by the end of the day. This includes forms 1120 for C corporations and forms 1120S for S corporations. If you’re not ready yet, you can obtain an automatic 6-month extension by timely filing a federal form 7004 [...]

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When I Said Corporate Tax Reform, I Meant…

25 February 2011

Wow. So, you bandy about a couple of phrases like “corporate tax reform” and you end up waking the sleeping giant… The Obama administration has indicated, through U.S. Treasury Secretary Timothy Geithner, that it’s serious about corporate tax reform. And we’re not just talking about those rules governing multinational companies. That’s good, right? Well, sort [...]

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What’s Next? The KLM Liberty Bell?

22 February 2011

We live in an increasingly branded world. Even the last vestige of truly American sports, football, is now a string of brands thrown together. I don’t know about you but I could barely distinguish between the Tostitos/Starbucks/Pepsi Bowl and the Facebook/Hershey’s/Microsoft Bowl… There has to be a breaking point if, for no other reason, that [...]

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Fix the Tax Code Friday: Corporate Tax Breaks and Reputations

18 February 2011

This week’s Fix the Tax Code Friday is related to last week’s question – but with a twist. Earlier in the week, I posted about the potential for corporate tax breaks for companies who are repatriating funds to the U.S. Among the companies which appear to have interest in such a move is Apple, which [...]

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Congress Considers “Tax Holiday” for Corporations

13 February 2011

I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates [...]

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Ask the taxgirl: Filing Tax Returns for an LLC

30 January 2011

Taxpayer asks: Hi Kelly, I read your article about incorporating to limit taxes. How about forming Limited Liability Corporations (LLC’s)? When you form an LLC for real esate holdings to limit liability, do you file as an individual or do you have to file for the LLC? Thanks. taxgirl says: This is one of those [...]

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Ask the Taxgirl: Issuing a 1099

12 February 2008

Taxpayer asks: I am an accounts payable clerk for a manufacturing company. Who should we be sending 1099 forms to? What would happen if we sent a 1099 to someone in error? Taxgirl says: There are lots of forms 1099. Here’s a quick rundown of some of the most popular: If your company pays out [...]

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