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IRS Pulls Proposed Partnership Audit Regulations

By Amanda Wilson on Jan 25, 2017 in IRS, lowndes, tax audit, Partnership Tax

By:  Amanda Wilson As I previously discussed (here), the IRS released last week long awaited regulatory guidance addressing the new partnership audit rules.  The status of these proposed regulations is unclear, though, as the IRS officially withdrew...

Recent Developments in Partnership and Real Estate

By Amanda Wilson on Jan 23, 2017 in Other

By: Amanda Wilson Last Friday, I had the pleasure of moderating a panel at the IRS ABA tax section meeting on hot topics in real estate and partnership.  We discussed the newly released proposed regulations implementing the new centralized...

IRS Reduces Built-in Gains Tax Period for REITs to Five Years

By Amanda Wilson on Jan 18, 2017 in Congress, IRS, path act, REIT, Tax, Real estate, S Corporation, International

By:  Amanda Wilson One of the key benefits of a real estate investment trust ("REIT") is that it is effectively a pass through entity for income tax purposes.  While a REIT pays tax on its taxable income, it also receives a dividends paid deduction...

What Is Carried Interest?

By Amanda Wilson on Oct 19, 2016 in carried interest, government, IRS, lowndes, Partnership Tax, Tax, medical marijuana, International

By:  Amanda Wilson During the second presidential debate, one of the few things that both candidates agreed on was doing away with carried interest as part of their proposed tax changes.  But they never explained what it is.  So what was is carried...