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: Indiana Civil & Business LawyerFranchises and Taxes
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The International Franchise Association has an article on taxes and franchises: Having a successful franchise depends a lot on whether the owner knows how to run the business. Knowing the rules is part of what helps franchisees to be successful."Topping the list of rules for running a successful small business is the U.S. Internal Revenue Service Tax Rule: pay what should be paid, when it should be paid. This could be easier said than done. Knowing which taxes a franchise is responsible for, and when those taxes should be paid is a key part of being successful. Estimated taxes on income from self-employment and self-employment taxes are just some of the most common type of taxes franchises may be responsible for paying."
Full post as published by Indiana Civil & Business Lawyer on January 06, 2008 (boomark / email).
Lawsuits and Settlements
Tax Discrepancies
Northwest Airlines pays IRS $12.6 million settlement for taxes and interest.
DLP
Ohio State to Receive $42 Million in Corporate Taxes Settlement
Personal Property Taxes
Village of Romeo pays Ford Motor Company a $1.2 million settlement for double charging.
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