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New Tax Filing Deadlines for Partnerships and Corporations

By Amanda Wilson on Aug 4, 2015 in Congress, International, IRS, Obama care, tax code, Tax Day, tax deadline

New law ahead road sign By:  Amanda Wilson Last Friday, President Obama signed into law a bill that provides temporary funding for the highway trust fund.  Buried in the law are several permanent changes to the tax code that are unexpected. ...

Senator Targets Carried Interests

By Amanda Wilson on Jun 25, 2015 in capital gain, carried interest, government, International, IRS, Obama care, Tax, tax code, tax rate, treasury

By:  Amanda Wilson Yesterday, Senator Al Franken sent a letter to the Department of Treasury taking aim at "carried interest" income.  In the letter, Senator Franken asked the IRS to revise  Form 1065 (the tax return form for partnerships) to...

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...

IRS Lessens Reporting Burden on Charitable Hospitals

By Amanda Wilson on Mar 12, 2015 in International, IRS, Obama care

By:  Amanda Wilson This week, the IRS issued new guidance for charitable hospitals that are required to disclose the failure to meet the requirements imposed by the Affordable Care Act. This new guidance is meant to lessen the burden on such...