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Ryan Says Tax Reform Coming, But Later This Year

By Amanda Wilson on Jan 30, 2017 in Congress, government, International, IRS, medical marijuana, Obama care, tax code, tax reform, taxing times

By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal 2018 budget resolution rather than in the...

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

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

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...

Five Things You Need to Know Now About the New Partnership Audit Rules

By Amanda Wilson on Mar 1, 2016 in audit, budget, Congress, government, International, IRS, Tax

By:  Amanda Wilson For a discussion of the five things you need to know now about the new partnership audit rules, please read my recent article found here.

Business Tax Overhaul Obstacles

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

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.