Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
One issue with domestic asset protection trusts is that the Section 548(e) of the Bankruptcy Act of 2005 specifically allows a bankruptcy trustee to avoid transfers within 10 years of the transfer to the trust,”or other similar device”such as Family Limited...
LLC’s Need Operating Agreement Question: I have formed a LLC corporation. I am trying to open up a bank acct in my business name. but they require an artile of incorpation, which I do not have. How do I obtain this. Reply: In New Jersey, a Limited Liability COMPANY...
Complying with the current federal tax code costs American taxpayers at least $100 billion annually, and lost economic efficiency associated with the tax system may top half a trillion dollars, auditors for the Government Accountability Office told Congress. In a new...
NJ Computer Error cause mistakes in Unemployment Tax Rates The state of New Jersey issuing Amended 2005/2006 Unemployment Tax Rate Notices. The state of New Jersey is in the process of issuing Amended 2005/2006 Unemployment Tax Rate Notices. Some of the originally...
Taxpayers must use Form 8300 (see TD F 90-22.1) to report transactions over $10,000 in cash and to report a foreign bank account. TD F 90-22.1 requires insurance companies to report if a taxpayer has cash surrender value in a insurance policy over $10,000 if the...
In response to the sharp jump in gas prices, the Internal Revenue Service yesterday said it raised the standard mileage reimbursement rate by 8 cents to 48.5 cents a mile, the single largest increase ever. The new rate will be retroactive, applying to business travel...
KPMG, the accounting firm under investigation for selling questionable tax shelters, will pay $456 million and accept an outside monitor of its operations under terms of an agreement with prosecutors that heads off an indictment of the firm, people briefed on the deal...
Facsimile Signatures Allowed for Some Employment Tax Returns The IRS issued Revenue Procedure 2005-39 to clarify new rules for allowing corporate officers or duly authorized representatives to sign employment tax forms by facsimile or other allowable automated means....
=========== Question: =========== Category: Business Law Location: NJ Subject: Forming a Corporation Question: Do you have to live/work in the same state that you incorporate? So, If I were to buy/rent a mailbox from a UPS store (the mail box would have a street...
An IRS investigation may be a business owner’s worst nightmare. But here’s a case in which the target turned the tables on the tax man. On Tuesday, a federal judge ordered the government to pay more than $250,000 to three taxpayers after finding that an IRS agent had...
