Marilyn Barrett | A Law Corporation (Corporate Law / Tax Law and Controversy) » Featured Articles

California Enacts Punitive New Penalties On Employers

admin — Tue, 07 Feb 2012 17:45:59 +0000

The California legislature recently enacted SB 495, which imposes substantial and punitive penalties - both financial and scarlet letter public disclosures – on employers who willfully misclassify workers as independent contractors. This law makes treating workers as independent contractors much more perilous. The new law is described in the attached article

Small Business Jobs Act Provides Tax Benefits

admin — Tue, 28 Sep 2010 05:42:10 +0000

The Small Business Jobs Act of 2010 (the “Act”) was signed by President Obama on September 27, 2010. While the centerpiece of the legislation is a $30 billion lending facility to encourage regional banks to lend funds to small businesses, the Act also provides about $12 billion of tax benefits targeted at small business. Small Business Jobs Act Includes Tax Benefits for Small Business summarizes some of the most significant tax provisions.

Congressional Dysfunction and Its Impact on Taxpayers

admin — Tue, 20 Jul 2010 05:05:05 +0000

Congressional dysfunction is not limited to financial oversight, immigration, energy policy, or health care. It is also abundant in tax policy. Taxpayers are currently facing major challenges in tax planning and so far there is little evidence that Congress will timely resolve them. Read full article here.

Charitable Donations for Haiti Relief Deductible for 2009

admin — Thu, 18 Feb 2010 19:02:46 +0000

Congress has enacted a law that permits taxpayers to deduct contributions to qualified charitable organizations providing earthquake relief in Haiti on either their 2009 return instead of their 2010 return if certain conditions are met. Read Full Article Here

NOL Carrybacks

admin — Tue, 16 Feb 2010 01:52:00 +0000

CONGRESS ENACTS EXPANDED NOL CARRYBACKS

The Worker, Homeownership, and Business Assistance Act of 2009 (“Worker Act”) allows taxpayers to elect to carry back net operating losses (NOLs) incurred in tax years ending after December 31, 2007 and beginning before January 1, 2010 (or, for calendar year taxpayers, 2008 or 2009) for either 3, 4 or 5 years. For other years, NOLs can generally be carried back only 2 years. Marilyn discusses the requirements that must be met to qualify for the expanded carryback. Read Full Article Here

American Recovery and Reinvestment Act of 2009

admin — Tue, 04 Aug 2009 20:38:58 +0000

THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009

Summary of Selected Tax Provisions
by Marilyn Barrett and David Graff

The recent Stimulus Bill provided for a number of tax breaks for US taxpayers, including tax incentives for business, renewable energy incentives, and indiv idual taxpayer relief. Marilyn summarizes those provisions here.

Read Full Article Here

California Sales Tax

admin — Sun, 02 Aug 2009 18:08:52 +0000

WHEN IS THE SALE OF A BUSINESS SUBJECT TO SALES TAX LIKE AN OVER-THE-COUNTER RETAIL SALE? IN CALIFORNIA, MOST OF THE TIME

When is a sale of a business deemed a retail sale in California and subject to sales tax? Marilyn discusses the broad application of the sales tax laws in California and how they impact not only over-the-counter sales but sales of an entire business. Read Full Article Here