Alexander City is a city in Tallapoosa County, Alabama, United States. At the 2000 census the population was 15,008. According to the 2005 U.S. Census estimates, the city had a population of 14,957. Locals refer to Alexander City as "Alex City" . Alexander City is known for Lake Martin with its 750 miles (1,210 km) of wooded shoreline and 44,000 acres (178 km²) of crystal clear water. Lake Martin is located on the Tallapoosa River and offers boating, swimming, fishing, golfing, and camping. Many neighborhoods and luxury homes are located on the lake. Russell Corporation, maker of Russell Athletic, Cross Creek, Jerzees, and Country Cottons apparel, was founded in 1902 and is a large employer in the city. The company is headquartered in the city, but has shared this status with Atlanta since 1998, when the need for an office in a larger city was understood. Recently, the number of workers employed by Russell Corporation in Alex City has been on a steady decline due to Russell moving more and more production overseas. On April 17, 2006, Russell Corporation was bought by Berkshire Hathaway for an estimated $600 million. Berkshire Hathaway, Warren Buffett's company, also owns such companies as Fruit of the Loom and GEICO. The company will continue to operate as Russell Corporation, but its workers and CEO will report to Fruit of the Loom.

What is tax law?

Tax law is the codified system of laws that describes taxes on economic transactions. Tax attorneys advise and represent individuals and businesses on all types of tax issues -- including income tax, payroll tax, property tax, and estate and gift taxes. Tax attorneys ensure that their clients are in compliance with federal and state laws and regulations, and represent taxpayers in enforcement proceedings initiated by the Internal Revenue Service (IRS) and/or state taxation agencies.

Answers to tax law issues in Alabama

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

At the federal level, the primary tax is the income tax. Most know this form of taxation by the completion of the...

The IRS can seize just about anything you own-including your home and pension plans. There is a list of items exempt...

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

Non-profits will want to apply for and obtain federal and state nonprofit tax exemptions. Many groups don't want to...

The Tax Relief and Health Care Act of 2006 made significant changes to the Informants Reward Program under the False...