Taxing times blog header

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...

IRS Provides Administrative Guidance to Employers in the Wake of Its Recognition of Same-Sex Marriage

By taxingtimes on Sep 27, 2013 in Other, IRS, Same Sex Marriage, Tax

By: Amanda Wilson Last month, the IRS announced that same-sex marriages would be recognized as marriages for federal tax purposes. It is important to recognize that this position extends beyond individual income tax consequences and can impact...

Government Shutdown Does Not Affect October 15th Tax Filing Deadlines

By taxingtimes on Sep 3, 2013 in government, IRS, Tax, Tax Refund

By: Amanda Wilson As a result of the government shutdown, IRS operations are extremely limited and most IRS personnel have been furloughed. During this shutdown, the IRS will not be processing tax refunds. However, taxpayers should not view this...

Did We Go Over the Fiscal Cliff?

By taxingtimes on Jan 4, 2013 in Congress, Federal Income Tax, government, Tax

By: Amanda Wilson The tax legislation has not been updated but here is a recap originally posted January 2013 Anyone who has read or watched the news in the last few weeks knows that federal taxes were set to increase automatically on January 1...