October 12, 2020
North Carolina has a statute providing that the manager of an LLC doing business in North Carolina must on behalf of out-of-state members remit to the state the estimated tax obligations of those out-of-state members. A recent decision from a bankruptcy court, In re North Carolina Tobacco International, LLC, Case No. 17-51077, 2020 WL 4582282 […]
September 29, 2020
As the November 3 national election approaches, strong political winds are blowing. Government spending continues to far outstrip revenue. This situation has been further aggravated by spending for COVID-19. Further, there may be a general trend toward increasing taxation on businesses, high income earning individuals, and individuals who have accumulated wealth. All of this means […]
September 15, 2020
September 16, 2020 By John H. Henderson Member, Stoll Keenon Ogden PLLC (812) 759-3802 john.henderson@skofirm.com On August 8, 2020, President Trump directed the Secretary of the Treasury to use his authority under Internal Revenue Code Section 7508A to defer certain payroll tax obligations. The Secretary did so through Notice 2020-65, which was issued on Friday, […]
