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Senators Call on IRS to Finalize Management Fee Waiver Regulations

By Amanda Wilson on Sep 23, 2015 in Congress, government, International, irc, IRS, medical marijuana, Partnership Tax, treasury

By:  Amanda Wilson Yesterday, Senators Franken, Warren, Baldwin and Whitehouse sent Treasury Secretary Lew a letter regarding management fee waiver arrangements. What is a management fee waiver arrangement?  It is where a fund manager waives its...

New Tax Filing Deadlines for Partnerships and Corporations

By Amanda Wilson on Aug 4, 2015 in Congress, International, IRS, Obama care, tax code, Tax Day, tax deadline

New law ahead road sign By:  Amanda Wilson Last Friday, President Obama signed into law a bill that provides temporary funding for the highway trust fund.  Buried in the law are several permanent changes to the tax code that are unexpected. ...

Revamping U.S. Taxation of Multinational Corporations?

By Amanda Wilson on Jul 22, 2015 in Congress, government, International, S Corporation

By:  Amanda Wilson The Obama administration and top lawmakers are in discussions regarding a potential overhaul of how the United States taxes U.S. multinational corporations.  Topics under consideration include eliminating the U.S. approach of...

Business Tax Reform High Priority

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

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...