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More Tough Talk on Cracking Down on Offshore Activity

By Amanda Wilson on Feb 18, 2015 in government, International, IRS, Tax, treasury

By: Amanda Wilson In what is becoming a popular refrain, we are continuing to hear tough talk by government officials on cracking down on offshore activity. The most recent target is once again corporate inversions. In simplest terms, a corporate...

Shortening the Built-in Gains Period?

By Amanda Wilson on Feb 12, 2015 in Congress, government, International, IRS, S Corporation, Tax

By: Amanda Wilson An S corporation is a popular tax vehicle, as it allows for a single layer of tax instead of the double layer of tax imposed on regular corporations. Instead of the S corporation paying tax, the taxable income of the S corporation...

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. There...

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...