If a corporation has its corporate status terminated by a state, does that terminate its corporate status for federal taxes? The IRS says the answer is no, though it depends on the facts and circumstances.
Rick Santorum, a Republican Presidential candidate, says he supports eliminating taxes on corporate manufacturers. From my friends at Radio Iowa: “That’s really going to make America a can-do, innovation, making-things country again,” Santorum says. “And I think that’s really important, that we have someone who believes in the American worker.” Santorum says his idea is […]