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New Filing Date for Foreign Bank Account Return

By Amanda Wilson on Feb 24, 2017 in financial accounts, government, International, lowndes, taxing times, treasury, Foreign Operations

By:  Amanda Wilson If you have a foreign bank account (or signatory authority on a foreign bank account), you are required to file a Form 114 (commonly called an FBAR) if at any point during the calendar year the combined balance in all of your...

Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...

Tax Regulations Subject to New 2-1 Rule

By Amanda Wilson on Jan 31, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson Yesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  This order applies to tax regulations (including...

Ryan Says Tax Reform Coming, But Later This Year

By Amanda Wilson on Jan 30, 2017 in Congress, government, tax code, tax reform, taxing times, IRS, Obama care, medical marijuana, International

By: Amanda Wilson On Friday, House Speaker Ryan stated publicly that tax reform legislation will be included in one of two must pass budget resolutions this year, but it will be included in the fiscal 2018 budget resolution rather than in the...