News & Analysis as of

Business Taxes Corporate Counsel

Allen Barron, Inc.

Important New Requirement from the IRS for US Businesses

Allen Barron, Inc. on

There is an important new requirement from the IRS for US businesses based upon a new release from the IRS. Any US business who receives a cash payment exceeding $10,000 is required to file Form 8300 – “Report of Cash...more

Allen Matkins

Revival Rectifies Removal

Allen Matkins on

California pressures corporations to pay their taxes by suspending their corporate powers, rights and privileges when they fail to do so.   Cal. Rev. & Tax Code § 23301.  Consequently a suspended corporation may not...more

Allen Matkins

Your Contract Is Voidable, What Now?

Allen Matkins on

When a corporation or limited liability company fails to pay its taxes, penalties, fees or interest or file a return with the Franchise Tax Board, it will be suspended.  If the suspended corporation or LLC enters into a...more

McDermott Will & Emery

[Webinar] McDermott & ACC | Top Five Things All In-House Lawyers Need to Know About Tax - May 13th, 12:00 pm - 1:00 pm CST

McDermott Will & Emery on

What should in-house lawyers spend time discussing with their chief financial officers (CFOs)? What are the most important tax developments affecting businesses today? In this program, we’ll review the key tax issues that...more

Maynard Nexsen

Is Your Partnership Ready for the IRS's New Centralized Audit Regime?

Maynard Nexsen on

The new centralized audit regime for partnerships established by the Bipartisan Budget Act of 2015 (“BBA”) has been in effect since January 1, 2018, but is your partnership or LLC treated as a partnership for tax purposes...more

Littler

IRS Issues Proposed Rule on Business Expense Deductions

Littler on

On February 26, 2020, the IRS published proposed regulations implementing changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) regarding the elimination of deductions for entertainment and the limitation on food and...more

Poyner Spruill LLP

New Tax Audit Rules May Warrant Changes to LLC and Partnership Agreements

Poyner Spruill LLP on

Most partnerships and limited liability companies taxed as partnerships (collectively, "partnerships") are now in the middle of preparing their 2018 tax returns. They may notice a new line on their tax returns where they...more

Fox Rothschild LLP

IRS Says Business Meals Remain Deductible, But Cannot Be ‘Lavish’ Or Mixed With Entertainment Costs

Fox Rothschild LLP on

Resolving widespread confusion, the IRS this month issued important guidance that clarifies when a meal or drinks will be allowed as a deductible business expense following the changes made by the Tax Cuts and Jobs Act. The...more

Cadwalader, Wickersham & Taft LLP

Eleven Business Provisions to Watch in the House Tax Reform Bill

On November 2, 2017, Republicans in the House of Representatives released their long-anticipated tax reform bill (the “Bill”) which includes significant changes to the current U.S. federal income tax regime for businesses and...more

Proskauer - Law and the Workplace

Portland, Oregon Adopts First-of-Its-Kind CEO Pay Ratio Tax on Employers

The Portland, Oregon City Council has passed an ordinance that will impose a tax surcharge on publicly traded companies whose chief executive officers are paid at least 100 times more than the median pay of other company...more

Dechert LLP

Election 2016: President Trump’s Potential Impact on Business

Dechert LLP on

Now that U.S. President-Elect Donald J. Trump has secured victory and Republicans retained control of Congress, it’s time to take a serious look at the Republican Party platform and its potential impact on business....more

K&L Gates LLP

The First Dish is Served: Chairman Camp Unveils Comprehensive Tax Reform Discussion Draft

K&L Gates LLP on

On February 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) unveiled his comprehensive tax reform proposal. Chairman Camp released his proposal in discussion draft form, and the bill was not officially...more

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