Taxing times blog header

Business Tax Reform High Priority

By Amanda Wilson on May 13, 2015 in Business Owners, Congress, government, IRS, medical marijuana, Obama care, personal tax, tax reform

By:  Amanda Wilson Last week, I was at the ABA Tax Section meeting in DC, and one refrain that I heard over and over is that tax reform is a major priority for Congress.  The Obama administration has basically shut down the possibility of personal...

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

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

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 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...

April 15th Offers an Important Tax Planning Opportunity for Partners

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

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...