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Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...

Tax Regulations Subject to New 2-1 Rule

By Amanda Wilson on Jan 31, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson Yesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  This order applies to tax regulations (including...

IRS Pulls Proposed Partnership Audit Regulations

By Amanda Wilson on Jan 25, 2017 in IRS, lowndes, tax audit, Partnership Tax

By:  Amanda Wilson As I previously discussed (here), the IRS released last week long awaited regulatory guidance addressing the new partnership audit rules.  The status of these proposed regulations is unclear, though, as the IRS officially withdrew...

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...