http://www.bendurethomaslaw.com/newsletters/Tax/?launch_axn=feed&type=rss_2.0 Untitled 2 http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000290&title=Electing+S+Corporation+Status&source=feed A timely and proper S corporation election generally permits the income of the business to be taxed directly to the shareholders of the corporation rather than to the corporation itself. In order to be effective in a current calendar year, the... http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000290&title=Electing+S+Corporation+Status&source=feed http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000291&title=Business+Leagues+and+Trade+Organizations&source=feed In order to qualify for tax-exempt status under Internal Revenue Code Section 501(c)(6), an association must show that it is devoted to the improvement of business conditions of one or more lines of business as distinguished from the performance... http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000291&title=Business+Leagues+and+Trade+Organizations&source=feed http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000292&title=Levies&source=feed If a taxpayer fails to pay his or her taxes or does not make arrangements to settle the debt with the Internal Revenue Service, the IRS is authorized to seize and sell real or personal property in which the taxpayer has an interest. This... http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000292&title=Levies&source=feed http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000293&title=Taxation+of+Personal+Service+Corporations&source=feed Although most corporations are entitled to calculate their tax using graduated rates, there is an exception for "qualified personal service" corporations, which are subject to a flat tax rate of 35 percent. A corporation is a qualified personal... http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000293&title=Taxation+of+Personal+Service+Corporations&source=feed http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000294&title=Abusive+%22Welfare+Benefit+Plan%22+Tax+Schemes&source=feed Generally, contributions to a welfare benefit fund are deductible when paid, but only to the extent that they qualify as ordinary and necessary business expenses of the taxpayer and only to the extent allowable under the Internal Revenue Code.... http://www.bendurethomaslaw.com/newsletters/Tax/?launch_pg=NewsletterDetailLayout&launch_sel=1000294&title=Abusive+%22Welfare+Benefit+Plan%22+Tax+Schemes&source=feed