Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

Bankruptcy Discharges Corporate Officers Corporate directors facing crushing judgments for leading their companies down the path to ruin can still find shelter in bankruptcy court, the 9th U.S. Circuit Court of Appeals ruled Wednesday. Though most liens are dischargeable under bankruptcy law, those incurred as a...

Jobs and Growth Tax Relief Reconciliation Act of 2003 Capital Gains Tax Cut The Jobs and Growth Tax Relief Reconciliation Act of 2003 (HR 2), approved by the House and Senate on May 23 and was signed by President Bush on May 28, 2003. The key...

The New Tax Law Reduces some Business Taxes The new tax law expected to be signed by President Bush allows small businesses to write off $100,000 in investments this year. This is an increase from the $25,000 write off limit. All businesses could depreciate half...

The New Tax Bill Proposal Would cut taxes by $330 billion through 2013. Also provides $20 billion to state and local governments for Medicaid and other programs, to be paid over next two years. -Corporate dividends, capital gains: Would lower the top rate to 15 percent...

IRS wants $15mil to Hire Collection Agencies! The IRS plans to eventually place 2.6 million delinquent taxpayer accounts annually with private collection companies, according to Pamela J. Gardiner, acting Treasury inspector general for tax administration. It will need to make an initial $10 million to...

Next year, the U.S. Treasury a popular tax shelter for holders of U.S. Savings Bonds. Starting in mid-2004, the Treasury will stop issuing Series HH bonds. As a result, bondholders will no longer be able to roll over their Series E and Series EE bonds...

Real Tax Cuts Appear Doomed. President Bush's $750 bil tax reduction is doomed. The House (controlled by Republicans) limited the cuts to $550 bil over 10 years. The Senate Bill of $350 bil over 10 years is mired in amendments and politically manuevering. Somehow the politicians...

3rd Circuit Tightens Rules for Discharging Student Loans In a ruling that promises to make it much more difficult for bankruptcy debtors to win forgiveness of their student loans on "undue hardship" grounds, the 3rd U.S. Circuit Court of Appeals has ruled that such debtors must prove that they...

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State Taxes - Because the States have radically increased their spending in the past decade, there has been a push to increase taxes imposed on business. State tax issues are now an important consideration since states are charging higher taxes and decoupling from the Federal...