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Ryan Says Tax Reform Coming, But Later This Year

By Amanda Wilson on Jan 30, 2017 in Congress, government, tax code, tax reform, taxing times, IRS, Obama care, medical marijuana, International

By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal 2018 budget resolution rather than in the...

What Is Carried Interest?

By Amanda Wilson on Oct 19, 2016 in carried interest, government, IRS, lowndes, Partnership Tax, Tax, medical marijuana, International

By:  Amanda Wilson During the second presidential debate, one of the few things that both candidates agreed on was doing away with carried interest as part of their proposed tax changes.  But they never explained what it is.  So what was is carried...

The End of Leveraged Partnership Transactions?

By Amanda Wilson on Sep 21, 2016 in IRS, medical marijuana

By:  Amanda Wilson If a partner contributes property to a partnership, and within a two year period, receives cash from that partnership, the tax rules generally treat that as a disguised sale of property by the partner to the partnership.  One...

Business Tax Overhaul Obstacles

By Amanda Wilson on Feb 9, 2016 in Congress, government, Tax, Obama care, medical marijuana, S Corporation, Business Owners

There was an interesting article in yesterday's Wall Street Journal about the difficulties facing an overhaul of the tax system.  The article can be found here.