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#Forbes - Tax Law Information News.

Lotus Formula One Team Chased For Nearly $1 Million Of Unpaid Bills

The Lotus Formula One team has raced into a storm after a British court ordered it to clear nearly $1 million of unpaid bills write Christian Sylt and Aaron Rook. read

Are you getting a fair divorce? The economist's take

If they split the house and the assets, how much will the husband need to pay in alimony for the next 15 years to equalize their living standards going forward? read

Selling A Business Organized As A "C" Corporation -- When It Is Not A Tax Problem -- Part 2

Because most buyers of businesses prefer "asset" sales, sellers of "C" corporations face a big problem: double taxation. In the case of natural resources companies, sidestepping double-taxation is a very real possibility. read

Tax Court Drops The Hammer On Employee Welfare Plan

For the last two decades Lance Wallach has been a voice crying out in the wilderness on the perils of 419(e) employee welfare plans. Lance is not an attorney, CPA or actuary. A graduate of Baruch College he trained as a financial planner with Mutual Benefit Life and then moved on to New England Life where he was a top producer selling life insurance as part of sophisticated plans. Now he speaks and serves as an expert witness helping to repair the damage done by insurance[. ] read

Greece Is Far Less Indebted and Germany Is Far More Generous Than You Think

John Mitchell, Nixon's Attorney General, was an terrible liar. He was jailed for perjury for giving false testimony during the Watergate hearings. Still, he knew a lot about lying. He could also turn a phrase. My favorite Mitchell quote is, "Figures lie and liars figure." read