Should You Incorporate?
Hmm… I get asked about incorporation for the sake of taxes quite a bit. So, I decided to tackle it for my guest post over at Problogger. Check it out! If you have other questions, don’t forget to ask the taxgirl!
-
-
Banking Giant Gets "Tax Incentive"
Massachusetts’ Economic Assistance Coordinating Council is expected to give its approval to a $3.5 million tax break for JPMorgan Chase & Co. voted in by the Boston Redevelopment Authority (BRA) and City Council. The tax break includes a $2 million cut in property taxes and a $1.5 million break on state income tax. It’s a…
-
Another Whistleblower Suit Filed
The Ferraro Law Firm has announced that a new tax whistleblower submission of more than $4.4 billion has been filed with the IRS Whistleblower Office. This brings the total of whistleblower claims filed by The Ferraro Law Firm to more than $10 billion. According to The Ferraro Law Firm, in this most recent submission, a…
-
What Brown Can Do To You: UPS Lobbyist Responsible For FedEx Investigation
Hmm… What’s that they say about keeping your enemies close? It turns out that state and federal officials might have been some help with the investigation that triggered tax liabilities and class action suits against FedEx. And that help may wear brown, deliver packages and look cute in shorts… It turns out that Kenneth Kies,…
-
Holy Zappos! New York is Collecting Sales Tax on Online Sales.
Many online retailers received a shock last month when they received official notice from the State of New York that they must register and begin collecting sales tax. Until this month, companies that didn’t have a store or “physical presence” in New York were not required to collect the sales tax. This idea of taxation…
-
Does Geneva Yahoo?
Yahoo! has confirmed that it will move its European headquarters from London to Geneva – just a few skips away from Google, which is now located in Zurich. Yahoo! claims that the move is to “increase financial performance” which has been widely translated as related to taxes. The announcement from Yahoo! was made only a…
-
Bush To Veto Tax Cut Repeal For Big Oil
On Wednesday, Congress will consider rolling back nearly $18 billion in tax breaks for large oil companies pushed through in 2005. The White House has already voiced its intention to veto such a bill if it passes. Democrats are hopeful that the bill will pass. Last year, a similar bill languished in the Senate when…
-
Got Bluetooth?
A US District Court has granted the federal government’s motion for summary judgment that Bluetooth Association is not a tax exempt (section 501(c)(6)) business league (cite: Bluetooth SIG, Inc. v. United States, No. C05-1778). Bluetooth Association was founded in 1998 and was actually incorporated in 2000 as a Delaware non-profit corporation. In early 2002, Bluetooth…
-
Ask The Taxgirl: Charitable Deductions For Business
Taxpayer asks: Hello, My husband’s business gets letters from people asking for cash donations/sponsorships. Specifically, when students write to us asking for sponsorship for a People to People Ambassador program for their son/daughter to attend, or Cheer camp sponsorship for their cheerleading daughter to attend, or asking for a sponsorship for their child’s go-kart racing…
-
Wal-Mart Rolls Back Tax Cuts
In law school, you learn in basic tax (“baby tax,” we called it) that you can’t avoid tax on a transaction by making it into a series of transactions. A North Carolina judge must have been paying attention that day. Judge Clarence Horton Jr. has ruled against Wal-Mart in a $33.5 million tax dispute with…