By: Amanda Wilson Following up on my February post (found here) discussing a proposal to reduce the built-in gain period for S corporations, this proposal is one step closer to becoming a reality. The S Corporation Modernization Act of 2015, H.R....

By: Amanda Wilson In a July 2nd statement, the House Ways and Means Committee indicated that they intend to tie much needed highway funding to their goal of tax reform. Particularly, corporate tax reform. It is unclear whether the Republicans will...

By: Amanda Wilson Following up on last week's blog post on carried interests, a new bill was introduced Friday in the House of Representatives targeting carried interests. This bill, H.R. 2889, is titled the Carried Interest Fairness Act of 2015....

By: Amanda Wilson Yesterday, Senator Al Franken sent a letter to the Department of Treasury taking aim at "carried interest" income. In the letter, Senator Franken asked the IRS to revise Form 1065 (the tax return form for partnerships) to require...