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Shorter Built-in Gains Period for S Corporations

By Amanda Wilson on Dec 22, 2015 in Other, Congress, International, IRS, path act, 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...

The PATH Act Brings Important REIT Changes

By Amanda Wilson on Dec 21, 2015 in Real estate, Congress, International, IRS, medical marijuana, Obama care, path act, REIT

BY:  Amanda Wilson The recently enacted PATH Act included several important changes to the REIT tax rules.  A full discussion of these changes can be found here.

Congress Poised to Deliver Permanent Extenders Package

By Amanda Wilson on Dec 17, 2015 in Congress, government, International, IRS, path act, tax extenders

By:  Amanda Wilson It looks like Congress will be delivering an early Christmas present. in the form of permanent extenders package.  The Protecting Americans from Tax Hikes Act of 2015 ("PATH Act") is expected to be approved by Congress this week.

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...