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New REIT Bill Coming?

By Amanda Wilson on May 4, 2015 in Real estate, Congress, government, International, REIT, Tax

By:  Amanda Wilson In late April, Senator Orrin Hatch introduced Senate bill 915, the Real Estate Investment and Jobs Act of 2015.  When a foreign person invests in property in the U.S., that person is subject to U.S. tax when he/she/it disposes of...

Google Tax Spreading to Other Countries?

By Amanda Wilson on Mar 18, 2015 in Congress, International, IRS, Tax, tax code

By:  Amanda Wilson In December of last year, the UK announced a 25% tax on US multinational companies that do business in the UK but avoid paying UK tax through careful tax planning (for example, through the use of tax treaties).  This tax has been...

Shortening the Built-in Gains Period?

By Amanda Wilson on Feb 12, 2015 in Congress, government, International, IRS, S Corporation, Tax

By:  Amanda Wilson An S corporation is a popular tax vehicle, as it allows for a single layer of tax instead of the double layer of tax imposed on regular corporations.  Instead of the S corporation paying tax, the taxable income of the S...

Targeting Overseas Earnings

By taxingtimes on Feb 5, 2015 in code, Congress, Foreign Operations, government, International, IRS, Obama care, Tax

By:  Amanda Wilson As I was driving in to work this morning, I was listening to a story on the radio about the country's aging infrastructure.   The interesting part (at least to a tax lawyer ), was the statement by Transportation Secretary Anthony...