by Tyler B. Korn, Esq. | Jul 15, 2009 | Articles
In general, the contribution of property to a partnership in exchange for a partnership interest is a tax-neutral event. The same is true for a limited liability company treated as a partnership for federal income tax purposes. Under Section 721(a) of the Internal...
by Tyler B. Korn, Esq. | Jul 15, 2009 | Articles
Effective as of May 30, 2009, a 10% “administrative collection processing fee” will be imposed on any outstanding Florida Sales and Use Tax liability older than ninety (90) days. The fee is equal to 10% of the total amount of tax, penalty and interest...
