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Since the technology boom and bust in the late 90′s to the current resurgence of technological advancement, the Silicon Valley has been the hub for many start-ups and some of the United States largest companies. This center contains tax information regarding venture capital funding, IPOs, research and development credits, intellectual property tax strategies and more.
Tech Gurus In Search of Greener Pastures
Steve Wozniak, one of Apple’s co-founders, reportedly wants to become an Australian citizen in order to move to the country and set up a nationwide broadband network. There are always tax implications related to
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Tennessee Court Holds that Wide Area Network Service is a Taxable Telecommunications Service
A Tennessee Trial Court has ruled that wide area network (“WAN”) services provided by IBM are taxable “telecommunication services” under Tennessee’s sales and use tax. IBM Corporation v. Farr, Civil No. 09-2144-I (Davidson County,
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Guidance and Examples for Making an 83(b) Election
The Internal Revenue Service (IRS) has issued Revenue Procedure 2012-29 that provides sample language for making an 83(b) election as well as a number of examples of the tax consequences of making an 83(b)
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Senators Looking to Punish Facebook Co-Founder Saverin for Expatriating
When the U.S. Treasury Department published it quarterly statement of individuals who were giving up their U.S citizenship and Eduardo Saverin, co-founder of Facebook, appeared the news quickly reported that Saverin was expatriating to
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Incentive Stock Options and Non-Qualified Stock Options: The Basics
As compensation to employees, companies sometimes use stock options as a way to entice and maintain talented employees. Two stock options available are incentive stock options (“ISO”) and Non-Qualified Stock Options (“NSQ”). Each has
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Tax Avoidance in the Valley
As millions of Americans clamor to file their federal tax return before the midnight deadline, the Greenlining Institute issued a report on some of America’s richest companies located in Silicon Valley that are avoiding
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