Tag Archives: entrepreneur

Tax Bill Introduced In Olympia To Codify Economic Substance

A bill has been introduced in Olympia to codify economic substance as the prevailing theory in reviewing potentially abusive tax avoidance transactions.  This bill would substantially change Washington tax law. Under the proposed bill, the Department of Revenue “must disregard, … Continue reading

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What Every Employer Should Know about Social Networking Sites

DWT’s San Francisco and Los Angeles offices are hosting a program entitled: “The Complete Tweet: Developments in Social Networking and Employment Law”. Attendees will have an opportunity to learn about what every employer should know with regards to social networking … Continue reading

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Officers and Managers Risk Personal Liability for Knowingly Withholding Wages

In these challenging economic times company officers and managers should be reminded that under applicable federal and state law they can be personally liable if they knowingly fail to pay employee wages. If making payroll becomes challenging, companies should consider … Continue reading

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”Incorporation Transparency and Law Enforcement Assistance Act”

For a copy of this proposed federal bill, see here. This bill would require states to collect beneficial ownership information from applicants forming corporations or limited liability companies. The beneficial ownership information would have to: 1) identify each beneficial owner … Continue reading

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Sure, You’ve Heard of 1031 Exchanges, But What About 1045 Exchanges?

By Joe Wallin & Michael Gentile The Internal Revenue Code contains a number of preferential tax treatment provisions for small businesses. One that is often overlooked is Section 1045, which generally permits a non-corporate taxpayer to elect to defer recognizing gain on the … Continue reading

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