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Defenses to Joint Tax Liability – The Innocent Spouse
September 14, 2013 | Individual

Signing a Joint Return Makes You Liable For the Entire Amount of Tax Due A teacher of mine, oh so long ago now, collected some science fiction short stories into a book he called Some Dreams are Nightmares.  For a few…

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Taxation of Trade Secrets
September 6, 2013 | Business

Whether You’re Selling a Trade Secret Asset or Recovering Damages for the Disclosure of One It’s Important to Understand the Tax Character of the Proceeds In a knowledge-based economy trade secrets play an ever more important role.  From recipes to…

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Tax Consequences of Using Intellectual Property In the International Arena
September 6, 2013 | International Tax

Plan Now Or Watch Your IP Tax Costs Spiral Upward Around the globe governments in developed countries everywhere have recognized this fact:  The future is knowledge-based.  Even now little of a company’s value resides in machinery, tools, or factories.  It’s the patents…

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The Indirect Foreign Tax Credit – A Practical Guide
September 6, 2013 | International Tax

New Limitations on Using Splitting Events to Maximize Your §902 Foreign Tax Credit Can Hurt Your Business Tax credits are a wonderful thing.  They don’t just reduce your taxable income.  They offset dollar-for-dollar your U.S. tax bill.  While the foreign tax credit…

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Depreciating Business Equipment – Recapture Income
September 2, 2013 | Business

Recapture Income Can Mean Taking a Tax Hit When You Sell Retiring Assets Starting and running your own business is no cheap thing.  There’s equipment to buy and maintain, space to rent, people to hire, inventory to stock.  Money just…

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