Even before the settlement of the estate, an heir may file an action for reconveyance of possession as a co-owner thereof, provided that such heir recognizes and acknowledges the other co-heirs as co-owners of the property...
Applicability of Irrevocability Rule Under Section 76 of the Tax Code to Refund or Tax Credit Option
UPSI-MI constructively chose the option of carry-over, for which reason, the irrevocability rule forbade it to revert to its initial choice...
The time during which the corporation, through its own officers, may conduct the liquidation of its assets and sue and be sued as a corporation is limited to three years from the time the period of dissolution commences...
Upon placement of order, the Senior Citizen or Person with Disability must provide his/her name, date of birth, and the lD number...
The Supreme Court laid down the exceptions to the Nell Doctrine, in which instances, the transferee shall assume the liabilities of the transferor corporation...
The OPC, like an ordinary corporation, is a juridical entity with personality separate and distinct from that of the single stockholder...
Independent contractors often present themselves to possess unique skills, expertise or talent to distinguish them from ordinary employees...
It is imperative to determine the location of the property in order to identify who between the local government units involved has the authority to collect real property tax...
In the sale of shares of stock, physical delivery of a stock certificate is one of the essential requisites for the transfer of ownership of the stocks purchased...
For DS metering machine users, the payment of the DST upon loading/reloading is merely an advance payment for future application...
A One Person Corporation is a corporation with a single stockholder, who can only be a natural person, trust or estate...
The amount of the consequential damages representing loss of the victim’s earning capacity is subject to tax since such damages are merely replacement of income which would have been subjected to tax if earned...
Gross negligence has been defined as the want or absence of even slight care or diligence as to amount to a reckless disregard of the safety of the person or property...
The purpose of the business-enterprise transfer is to protect the creditors of the business by allowing them a remedy against the new owner...
JMC No. 01, series of 2022 provides for the guidelines on the mandatory provision of statutory benefits of the senior citizens and persons with disability...
The collection case instituted by creditor against the principal debtor and its surety may proceed despite a stay order...
The law requires the OPC to designate a nominee and an alternate nominee who, in the event of the single stockholder’s death or incapacity, shall take the place of the single stockholder...
For VAT purposes, the gross receipts of an HMO do not include the amounts earmarked and actually spent for medical utilization of its members...