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February 26, 2010
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Did You Know?    
 
 
Form 5471 is Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Report information with respect to certain foreign corporations. A domestic partnership may have to file Form 5471 if it: Controls a foreign corporation; or Acquires, disposes of, or owns 5% or more in value of the outstanding stock of a foreign corporation; or Owns stock in a corporation that is a controlled foreign corporation for an uninterrupted period of 30 days or more during any tax year of the foreign corporation, and it owned that stock on the last day of that year.

 


  Newsroom  
 


News about Taxation cases in Corpus Christi and nationwide:

IRS Announces Standard Amounts for Telephone Tax Refunds
WASHINGTON — The Internal Revenue Service today announced the standard amounts that most long-distance customers can use to figure their telephone ...
Read more >


New IRS Study Provides Preliminary Tax Gap Estimate
WASHINGTON – The Internal Revenue Service released preliminary results today from a major research project assessing compliance with the tax laws. ...
Read more >


Virginia Tax Amnesty Closes With a Flurry
Virginia's 63-day tax amnesty program concluded Monday, but not before a deluge of delinquent taxpayers descended on tax department service centers...
Read more >


More Taxation News >

 
 

Taxation Terms

 


Today's Terms

Federal Insurance Contributions Act (FICA) Tax

Definition:
Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.

Earned Income Credit

Definition:
A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit.

Partnership return

Definition:
If you need more time to file a partnership return, file Form 8736, Application for Automatic Extension of Time To File U.S. Return for a Partnership, REMIC, or for Certain Trusts, for an automatic 3-month extension. File Form 8736 by the regular due date of the partnership return.

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Tax Legal Resources

 


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Taxation Hot Topics

 
Topics Related to Taxation Law:
  • Income Tax Cases
  • Recent Estate & Gift Tax Cases
  • Recent Income Tax Cases
  • State Statutes Dealing with Taxation

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Corpus Christi Taxation Attorney

 
If you live in the following cities and need an taxation attorney you should contact our Taxation Attorney as soon as possible:

  • Alvin
  • Amarillo
  • Arlington
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  • Palestine
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  • Seguin
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  • Sugar Land
  • Victoria
  • Weslaco
 


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