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Latest Corporate taxation in the United States Stories

2011-02-08 15:30:00

NEW YORK, Feb. 8, 2011 /PRNewswire/ -- General Maritime Corporation (NYSE: GMR) announced today certain U.S. federal income tax considerations with respect to 2010 dividends. During 2010, the Company paid dividends in the aggregate amount of $22.6 million. Dividends paid during 2010 are treated as dividends for U.S. federal income tax purposes to the extent of the Company's current and accumulated earnings and profits as of December 31, 2010, as determined for U.S. federal income tax...

2011-02-08 11:28:00

SAN FRANCISCO, Feb. 8, 2011 /PRNewswire/ -- WealthCounsel, a nationwide organization of estate planning attorneys and publisher of WealthDocx®, announced a substantial update to the company's automated document drafting system. The enhanced WealthDocx drafting system provides additional planning strategies to more effectively serve clients and to help attorneys differentiate their practice from others. The announcement came during a two-day drafting-based educational...

2010-09-27 17:55:00

ARLINGTON, Va., Sept. 27 /PRNewswire-USNewswire/ -- At a time in the U.S. when many companies are renegotiating debt, it is imperative that tax practitioners understand the tax ramifications and strategies associated with the cancellation or reduction of debt. For an S corporation, its shareholders, and those who represent S corporations, several significant tax provisions impact the results of a debt discharge or debt modification. BNA's Understanding S Corporation Cancellation of Debt...

2010-09-13 07:42:00

HOUSTON, Sept. 13 /PRNewswire/ -- Vanguard Natural Resources, LLC (NYSE: VNR) (the "Company") announced today that Scott W. Smith, President and Chief Executive Officer and Richard Robert, Executive Vice President and Chief Financial Officer will present at the Rodman & Renshaw Annual Global Investment Conference, to be held September 12-15, 2010 at the New York Palace Hotel in New York City. The Company's presentation is scheduled on Tuesday, September 14, 2010 at 2:00pm Eastern...

2010-06-30 12:48:00

LOS ANGELES, June 30 /PRNewswire/ -- Vcorp Services LLC, a leader in specialized state corporate filing services for small businesses, announced today their professional mission to help and encourage newly formed limited liability companies (LLCs) to remain in compliance with state law using Vcorp's extensive LLC publishing services. The LLC formation process is labor intensive and specific, requiring multiple steps to ensure the LLC is formed properly. For example, LLCs are required to...

2010-04-21 13:12:00

CALABASAS, Calif., April 21 /PRNewswire/ -- "There is no such thing as a good tax," Winston Churchill once said. However, there are ways to reduce tax liability for small businesses. As tax date comes to a close, the question of whether someone can save money next year by incorporating is weighing on many business owners' minds. For those seeking tax saving, Corporations, S-Corporations and LLCs all offer liability protection and ways of arranging profits and losses that can be...

2010-03-24 17:47:00

SIOUX FALLS, S.D., March 24 /PRNewswire-FirstCall/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) today announced that a portion of its dividends paid in 2009 are to be treated as a return of capital for federal income tax purposes due to an IRS-approved change to the company's tax accounting methods related to costs associated with repairing and maintaining utility assets. During 2009, NorthWestern paid dividends of $1.34 per common share, and of that total, $0.563936...

2009-09-10 15:00:00

EL SEGUNDO, Calif., Sept. 10 /PRNewswire-FirstCall/ -- Peerless Systems Corporation (Nasdaq: PRLS), a provider of imaging and networking technologies to the digital document market, today reported financial results for the second quarter of fiscal 2010, which ended on July 31, 2009. Second quarter revenues were $2.1 million, versus $3.3 million in the second quarter a year ago. Product licensing revenue was $1.9 million, compared with $3.1 million in the second quarter of fiscal 2009....

2009-07-22 15:10:00

EDEN PRAIRIE, Minn., July 22 /PRNewswire-FirstCall/ -- MTS Systems Corporation (Nasdaq: MTSC) today reported fiscal 2009 third quarter financial results. "We are encouraged by the sequential improvement in orders this quarter. At the same time, our financial results support our view that we are in the midst of a fundamental market reset," said Laura B. Hamilton, chief executive officer and chair. "Accordingly, we continue to take the steps necessary to both resize our business as well...

2009-04-07 10:00:00

LONGMONT, Colo., April 7 /PRNewswire/ -- The first L3C doing business in Colorado, interSector Partners, L3C, combines the best of its partners' nearly 50 years of experience working for and on behalf of nonprofits, for-profits and government agencies. Rick Zwetsch and partner, Caryn Capriccioso, organized interSector Partners, L3C in Vermont, the first state in the country to officially recognize and sign L3C legislation in April 2008. As of this date, Michigan, Wyoming and Utah have all...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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