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...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
Month: May 2003
Jobs and Growth Tax Relief Reconciliation Act of 2003
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 provisions of the JGTRRA...
The New Tax Law Reduces some Business Taxes
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 their...
The New Tax Bill Proposal
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...
IRS wants $15mil to Hire Collection Agencies!
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...
Taxesq – IRS Audit and Business Tax Estate Attorney Cherry Hill NJ
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 into Series HH...
Taxesq – IRS Audit and Business Tax Estate Attorney Cherry Hill NJ
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...
Taxesq – IRS Audit and Business Tax Estate Attorney Cherry Hill NJ
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...
Taxesq – IRS Audit and Business Tax Estate Attorney Cherry Hill NJ
This is a question I received today and is similar to many questions I receive: I found your web site yesterday, and would like your opinion. I and my partners are interested in incorporating in Nevada for the purpose of privacy. We have been talking to Nevada...
Taxesq – IRS Audit and Business Tax Estate Attorney Cherry Hill NJ
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...