Law In The Marketplace: What To Know To Minimize Business Taxes

A primary concern of all New Hampshire business owners during the coronavirus pandemic is to minimize business taxes, including, of course, New Hampshire taxes.

The two main New Hampshire business taxes are the 7.7% Business Profits Tax (the BPT) applicable to business entities with gross income of $10,000 or more; and the 5% Interest and Dividends Tax on interest and profits distributed to New Hampshire business owners by their own or other companies.

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By | December 3rd, 2020 ||

IRS Seeks To Bar Transfer Pricing Argument In Western Digital

The parties recently completed briefing on an IRS motion for partial summary judgment in Western Digital Corporation v. Commissioner. The motion asks the US Tax Court to hold that a safe harbor in the Section 482 regulations is not relevant to whether intercompany receivable terms are “ordinary and necessary” under a provision in Subpart F. In our view, the motion is an unusual attempt to bar the taxpayer from making a well-founded legal argument in […]

By | December 3rd, 2020 ||

United States Tax Court Launching New Case Management System – DAWSON

In December 2020, the United States Tax Court will be launching DAWSON (Docket Access Within a Secure Online Network), the Court’s new case management system. The Court expects DAWSON to be active no later than December 28, 2020. Beginning at 5:00 PM Eastern Time on November 20, 2020, the current e-filing system will become inaccessible and all electronic files will become read-only. In early December, those with current access to the old system will […]

By | December 3rd, 2020 ||