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Showing 57 posts in Corporate and Business Tax.

Kentucky's Use of Public-Private Partnerships

Posted In Corporate and Business Tax

"P3s." It sounds like the name of a new video game console, but the abbreviation stands for "public-private partnerships" and this term is becoming increasingly popular. In July, the Kentucky Chamber of Commerce announced that they would soon be releasing a report outlining the benefits of P3s. So, what exactly is a P3? More >

Corporate Tax Evaders Focus of G-8 Nations

Posted In Corporate and Business Tax

As the economy has been slow to rebound in the past few years, many have turned their attention to issues of corporate taxation. While some claim that cutting corporate taxes in the U.S. is key to sparking growth, particularly among small businesses, others have been vocal about closing tax loopholes that allow larger corporations to avoid paying their fair share. At the recent G-8 summit in Northern Ireland, leaders pledged to crack down on corporations that engage in questionable tax practices. More >

IRS Work Group to Explore Definition of Real Estate for Taxation

Posted In Corporate and Business Tax

In light of revelations such as Apple's ability to avoid many federal corporate income taxes, the IRS and the Treasury Department may be under pressure to reconsider some tax rules in order to prevent an erosion of the corporate tax base. Recently, the IRS notified information storage company Iron Mountain that it is "tentatively adverse" to its characterization of its racking storage units as real estate. Iron Mountain is seeking to convert itself from a corporation into a Real Estate Investment Trust, or REIT, to minimize its business taxation. More >

Will US Corporate Taxation Drive Startups to Incorporate Abroad?

Posted In Corporate and Business Tax

The recent revelations that corporate giants such as Apple, Microsoft and Hewlett-Packard have been successful at using certain federal tax regulations to pay extremely low corporate income taxes have brought up a number of questions about the impact of U.S. tax policy on multi-national businesses. More >

Yahoo!/Tumblr Deal and the Tax Cost of Cash Acquisition Payments

Posted In Corporate and Business Tax

When Yahoo! recently acquired the blogging service Tumblr, the two companies structured the deal so that virtually all of the $1.1 billion price tag for Tumblr will be paid in cash. In the current economy, many companies, particularly tech companies, have a lot of cash available, making the more traditional payment in stock appear less desirable. However, tax planning during mergers or acquisitions can be invaluable because, with proper counsel, the organizations can anticipate and mitigate the tax ramifications for the companies, individuals and shareholders. More >

Who Holds the Keys to Your Office Building?

Making the leap from leasing to buying an office building can be daunting for business owners. After all, enduring the risks that come with owning a business is hard enough; venturing into the commercial real estate market can present a whole new set of hazards. However, the purchase of your own space can be highly profitable and advantageous. More >

Coalition Sues Treasury to Stop IRS Tax Penalties Under ACA

Posted In Corporate and Business Tax

In one of at least seven current lawsuits involving the Affordable Care Act, a coalition of 12 businesses and individuals has filed suit against the Department of the Treasury seeking to halt implementation of ACA tax penalties in states that haven't set up health insurance exchanges. The IRS issued new tax rules in 2012 in anticipation of the health care law, and the coalition claims some of the rules directly contradict Congress's intent. More >

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