Taxing times blog header

New REIT Bill Coming?

By Amanda Wilson on May 4, 2015 in Real estate, Congress, government, International, REIT, Tax

By:  Amanda Wilson In late April, Senator Orrin Hatch introduced Senate bill 915, the Real Estate Investment and Jobs Act of 2015.  When a foreign person invests in property in the U.S., that person is subject to U.S. tax when he/she/it disposes of...

Even With Extension, You Have to Pay Your Taxes Today!

By Amanda Wilson on Apr 15, 2015 in Other, code, Federal Income Tax, International, irc, IRS, medical marijuana, Tax, Tax Day, Taxpayers

By: Amanda Wilson You only have to turn on your radio, TV, or log onto social media today to be reminded that today is the dreaded TAX DAY. If you find yourself in the position of seeking an extension to file your taxes, do not forget that you must...

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...

NFL At Risk Of Losing Non-Profit Status?

By Amanda Wilson on Mar 30, 2015 in government, International, IRS, Tax

By:  Amanda Wilson A recent proposal by U.S. Congressman Jason Chaffetz, the Chairman of the Committee on Oversight and Government Reform, would eliminate the tax-exemption under Internal Revenue Code section 501(c)(6) for professional sports...