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Posts Tagged ‘business taxes’
Business Law: Certain Tax Benefits and Business Arrangements Available Only if Spelled Out in the Governing Agreement
If you are a member of an LLC taxed as a partnership or a partner of a partnership, you may be able to revalue the property of the LLC or partnership upon the occurrence of certain events, but you must have certain provisions in your operating agreement or partnership agreement to do so. Such revaluation…
Read MoreO'Malley's Amazon Tax
Governor O’Malley’s 2013 budget bill includes an “Amazon tax” provision similar to ones that are being considered and have been adopted by other states. The proposed law applies to online retailers located outside the state with affiliates in Maryland who receive benefits for referring potential customers to the out-of-state seller. Under the proposed law, that…
Read MoreNew Tax Law Provides Greater Certainty in Business Tax Planning
Until the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the “Tax Relief Act of 2010”) became law on December 17, 2010, the fate of a number of existing tax relief provisions were unclear. In the waning days of December 2010, it was widely believed that current tax provisions would be extended…
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