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Mnuchin: Tax Overhaul by August

By Amanda Wilson on Feb 23, 2017 in government, IRS, lowndes, Tax, tax reform, International

By:  Amanda Wilson Treasury Secretary Mnuchin stated that his goal is to have an overhaul of the Internal Revenue Code by August.  He recognized that this is an aggressive time table, and that reform may slip to later in the year.  We will have to...

White House: Tax Reform Coming in March

By Amanda Wilson on Feb 23, 2017 in government, irc, IRS, lowndes, Tax, tax reform, International

By:  Amanda Wilson The White House announced that President Trump's tax reform plan will be coming soon (around March 13th).  Stay tuned!

Tax Reform In Trouble?

By Amanda Wilson on Feb 20, 2017 in government, lowndes, Tax, tax reform, International

By: Amanda Wilson The Wall Street Journal had an interesting article on the future of tax reform.   It can be found here.

IRS Reduces Built-in Gains Tax Period for REITs to Five Years

By Amanda Wilson on Jan 18, 2017 in Congress, IRS, path act, REIT, Tax, Real estate, S Corporation, International

By:  Amanda Wilson One of the key benefits of a real estate investment trust ("REIT") is that it is effectively a pass through entity for income tax purposes.  While a REIT pays tax on its taxable income, it also receives a dividends paid deduction...