News — Corporate Tax

Corporate Tax Incentives Gov. Jay Inslee speaks at a signing event for legislation to help keep production of Boeing’s new 777X in Washington, Monday, Nov. 11, 2013, at the Museum of Flight in Seattle. The legislation that was passed Saturday at a special session in Olympia extends tax incentives for Boeing to 2040, and directs millions of dollars for training programs for aerospace workers.  With the stroke of a pen, Washington Gov. Jay Inslee (D) on Monday signed into law the largest corporate tax break any state has ever given to a single company.  It took just three days of...

This article is for general information and should not be construed as tax advice.  Readers are strongly encouraged to consult their tax adviser regarding their individual tax situation. Is SBA debt forgiveness taxable? There is no doubt about it: the negotiation of a settlement of SBA loan can be challenging. These days, lenders are so overwhelmed due loans that it may take an act of Congress to get them to even return your phone call. Then, when they do return your call, you are asked to complete a series of costly and confusing forms. Once you return this information, it is...