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REITs Targeted In Extenders Bill

By Amanda Wilson on Dec 9, 2015 in Real estate, International, IRS, REIT, tax free

By:   Amanda Wilson Earlier this year, I discussed the IRS's recent no rule policy on spin-offs, and how that would likely have a chilling impact on spin-offs, particularly the common practice of businesses spinning off their real estate in a REIT...

Extenders Bill Expected in the House

By Amanda Wilson on Dec 8, 2015 in Congress, government, International, IRS, medical marijuana, Tax, tax extender

By:  Amanda Wilson It seems that this time every year, Congress struggles with whether it will pass temporary tax breaks referred to as "tax extenders" (see discussion of last year's extenders package here).  As we count down the days to 2016, we...

Goodbye TEFRA, Hello New Partnership Audit Rules

By Amanda Wilson on Nov 9, 2015 in audit, government, International, IRS, Partnership Tax, Tax

By:  Amanda Wilson Last week, President Obama signed into law the Bipartisan Budget Act of 2015.  As I mentioned in a prior post (found here), the budget bill contained a proposal to revamp how partnerships are audited.  Specifically, TEFRA (the...

New Partnership Audit Rules Heading Our Way??

By Amanda Wilson on Oct 28, 2015 in audit, government, International, IRS, Partnership Tax, Tax

By:  Amanda Wilson The budget bill introduced yesterday includes a proposal to revamp/streamline how partnerships are audited.  Specifically, it would repeal the  much maligned TEFRA (1982 Tax Equity and Fiscal Responsibility Act) rules. The overall...