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Business Tax Overhaul Obstacles

By Amanda Wilson on Feb 9, 2016 in Congress, government, Tax, Obama care, medical marijuana, S Corporation, Business Owners

There was an interesting article in yesterday's Wall Street Journal about the difficulties facing an overhaul of the tax system.  The article can be found here.

NFL Gives Up Tax-Exempt Status

By Amanda Wilson on May 15, 2015 in Business Owners, IRS, Tax, tax-exempt

By:  Amanda Wilson Earlier this year, I posted about the possibility that the NFL may lose its tax exempt status.  The NFL has decided instead to give up its tax-exempt status.   It has been estimated that the tax-exempt status only saved the NFL...

Business Tax Reform High Priority

By Amanda Wilson on May 13, 2015 in Congress, government, IRS, personal tax, tax reform, Obama care, medical marijuana, Business Owners

By:  Amanda Wilson Last week, I was at the ABA Tax Section meeting in DC, and one refrain that I heard over and over is that tax reform is a major priority for Congress.  The Obama administration has basically shut down the possibility of personal...

IRS Reviewing Fewer Business Returns

By Amanda Wilson on Mar 3, 2015 in audit, budget, Business Owners, IRS, Tax, Federal Income Tax, International

By:  Amanda Wilson The IRS announced yesterday that it examined 6 percent fewer tax returns in 2014 than 2013.  In addition, the total number of tax exams for business returns has dropped to the lowest level in eight years.  For large corporations,...