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Even With Extension, You Have to Pay Your Taxes Today!

By Amanda Wilson on Apr 15, 2015 in code, Federal Income Tax, irc, IRS, Tax, Tax Day, Taxpayers, Other, medical marijuana, International

By: Amanda Wilson You only have to turn on your radio, TV, or log onto social media today to be reminded that today is the dreaded TAX DAY. If you find yourself in the position of seeking an extension to file your taxes, do not forget that you must...

Yet Another Tax Scam

By Amanda Wilson on Mar 4, 2015 in fraud, government, identity theft, IRS, tax scam, medical marijuana, Federal Income Tax

By:  Amanda Wilson CBS This Morning covered an important story about yet another tax scam.  Under this scam, thieves posing as IRS agents call individuals and use scare tactics to frighten the victims into sending money.  The threat is that if money...

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,...

April 15th Offers an Important Tax Planning Opportunity for Partners

By taxingtimes on Jan 12, 2014 in Federal Income Tax, LLC, Tax, Tax Day, Taxes, Other, medical marijuana

By:  Amanda Wilson April 15th is usually greeted with dread as tax day.  However, April 15th also offers an important tax planning opportunity for partners in partnerships (including limited liability companies that are treated as partnerships for...