If you or your company is the issuer of any shares of stock, beginning in 2011 you may have new reporting requirements related to the basis of that stock. Originally part of the Energy Improvement and Extension Act of 2008, IRC Section 6045B requires most corporations to file information returns with...
As you prepare to file income tax returns for your business this year, do not forget about the Small Business Jobs Act of 2010. This legislation was enacted on September 27, 2010 and it contains some tax provisions that have an immediate impact on the 2010 tax year. The provisions of the Act are designed...
On January 22, 2010, President Obama signed into law a bill that allows donors to accelerate the income tax benefits of charitable cash contributions for the relief of victims of the earthquake in Haiti. The new law allows individuals who make charitable contributions to aid Haitian earthquake victims...
There are many decisions to make when forming a business, one being the choice of entity. There are many choices available including C Corporations, S Corporations, Limited Liability Corporations, Partnerships, and Limited Partnerships, to name the more popular ones. I recently engaged in a conversation...