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Yet Another Tax Scam

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

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 is...

Key Extension of Health Exchange Sign-up Deadline

By Amanda Wilson on Feb 20, 2015 in government, IRS, Obama care, Tax

By: Amanda Wilson A Health and Human Services official announced today that the deadline for signing up for coverage through HealthCare.gov from February 15h through April. This extension will provide many individuals that had not signed up by the...

More Tough Talk on Cracking Down on Offshore Activity

By Amanda Wilson on Feb 18, 2015 in government, International, IRS, Tax, treasury

By: Amanda Wilson In what is becoming a popular refrain, we are continuing to hear tough talk by government officials on cracking down on offshore activity. The most recent target is once again corporate inversions. In simplest terms, a corporate...

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 corporation...