Tax

Effective on July 1, 2015, Nevada S.B. 483 imposes an annual commerce tax on business entities engaged in business in Nevada, whose ‘Nevada gross revenue’ in a taxable year exceeds $4,000,000.[1] For this purpose, the tax year is a static twelve-month period running from July...

The Gig, Sharing, and Peer to Peer Economy Policy Considerations Roger Royse:Okay. The gig economy, the gig, sharing and peer-to-peer economy, policy considerations and constraints. I want to welcome you to today's webinar. My name is Roger Royse. I'm the founder of the Royse Law Firm....

Harborside Health Center, one of the nation’s biggest cannabis dispensaries located in Oakland, CA, is challenging the IRS's efforts to collect a $2.4 million tax bill resulting from an audit of its returns from 2008 and 2009. The IRS claims that Harborside was not allowed...

From a nontax standpoint, the purchaser of a corporate business often prefers buying the target corporation's stock rather than its assets. A stock purchase is usually easier to accomplish than an asset purchase and is often necessary to avoid interruption of contractual and other relationships...

Individuals who make Section 83(b) elections are no longer required to file a copy of the written election statement with their income tax returns.Section 83 of the Internal Revenue Code of 1986 (the “Code”) taxes service providers on the receipt of property, including stock, for...

Context setting: Senator Hatch looking to corporate integration to reduce corporate tax Finance Committee Chairman Orrin Hatch (R-Utah) is expected to release a new corporate integration plan this month that integrates corporate taxation with shareholder taxation. It pushes corporate taxation to the shareholder level by a...

Foreign startups “flip” into a U.S. corporate legal structure for various considerations, including: exit opportunities (whether through acquisition or the public market); potential higher valuations; broadening their investor base (some U.S. institutional investors may have internal rules prohibiting their investment in non-U.S. companies); and most...

Foreign Investment in U.S. Real Estate Arthur Rinsky:Okay. I wanted to welcome you all to the Royse Law Foreign Investment in U.S. Real Estate webinar. We have on our panel Dave Spence who has his Masters in tax and also teaches at the Masters in tax...

In corporate mergers and acquisitions, only a handful of corporate representatives control the outcome of negotiations. Such representatives of selling corporations can unfairly choose deals that provide handsome payments to the representatives while leaving less for shareholders. To prevent this, Internal Revenue Code (“IRC”) §280G...

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