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

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

Business and Tax Transactions

admin — Wed, 05 Aug 2009 17:31:12 +0000

I provide legal counsel and negotiation expertise to clients engaged in a variety of corporate and business transactions. I assist clients form new business entities (including thorough analysis of the legal form of entity most appropriate for the clients’ needs), negotiate and prepare shareholder and buy-sell agreements between the owners, employment agreements, partnership agreements, LLC operating agreements, equity incentive plans (e.g., stock option plans), deferred compensation plans, financing transactions, merger and other corporate reorganization agreements, equity and asset acquisitions, and agreements for the sale or other disposition of all or part of the client’s equity interest in their company. My background in both corporate and tax law gives me a unique ability to advise clients on business transactions from a broad perspective from the very beginning of the transaction.

Tax Controversy

admin — Wed, 05 Aug 2009 17:30:09 +0000

I also represent clients in adminstrative proceedings before the IRS, California SBE, FTB and EDD, and City of Los Angeles in tax disputes; prepare and filE ruling requests to the IRS, SBE and FTB, and assist nonprofit entities obtain tax-exempt status.

Outside General Counsel

admin — Wed, 05 Aug 2009 17:15:26 +0000

I also act as general outside counsel for several mid-market companies and helps them navigate through all of their legal problems, assisting them when the legal issue is within my expertise and helping them select qualified counsel when it is not.

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

Marilyn B. on Employment Taxes

admin — Sat, 01 Aug 2009 20:17:06 +0000

By Marilyn Barrett

The 9th Circuit rules that the IRS does not have to prove that the taxpayer had the ability to pay payroll taxes in order to find that the taxpayer willfully failed to pay such taxes and could be found guilty of a felony for nonpayment. Marilyn discusses this case in U.S. vs. Easterday.

>View the FULL article

Representative Industries

admin — Sat, 01 Aug 2009 17:46:32 +0000

My clients are engaged in a broad range of industries, including green technology, wholesale, retail, entertainment, real estate, consulting services, health care, among others.

For further information please click here for my bio and click here for client testimonials