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Partnerships - TMP Must Be a Partner

By Amanda Wilson on Apr 8, 2015 in Other, code, International, IRS, LLC, Partnership Tax, Tax, Tax Day

By: Amanda Wilson With April 15th rapidly approaching, I thought I would address a common question that I receive this time of year. Who can be the tax matters partner of a partnership? The tax matters partner is the partner authorized to sign the...

Affordable Care Act: Premium Tax Credit and Individual Shared Payment Reporting – Are you ready?

By taxingtimes on Feb 11, 2015 in International, irc, IRS, Obama care, Tax, Tax Day, Taxpayers

 By:  Joe Zitzka As we roll into tax filing season, have you considered how to handle the new Affordable Care Act reporting requirements? For the 2014 tax year, taxpayers will now be required to report health care coverage on their tax returns. ...

Don't Miss the Boat!

By taxingtimes on Feb 9, 2015 in Business Owners, code, International, irc, LLC, Partnership Tax, Tax, Tax Day

By:  Amanda Wilson Undoubtedly, right before the end of the year, you were inundated with information about steps you could take as part of the year-end tax planning for your business. While the end of the year does offer great tax planning...

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...