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REITs Targeted In Extenders Bill

By Amanda Wilson on Dec 9, 2015 in Real estate, International, IRS, REIT, tax free

By:   Amanda Wilson Earlier this year, I discussed the IRS's recent no rule policy on spin-offs, and how that would likely have a chilling impact on spin-offs, particularly the common practice of businesses spinning off their real estate in a REIT...

Extenders Bill Expected in the House

By Amanda Wilson on Dec 8, 2015 in Congress, government, International, IRS, medical marijuana, Tax, tax extender

By:  Amanda Wilson It seems that this time every year, Congress struggles with whether it will pass temporary tax breaks referred to as "tax extenders" (see discussion of last year's extenders package here).  As we count down the days to 2016, we...

More Information about New Partnership Audit Rules

By Amanda Wilson on Nov 10, 2015 in audit, budget, government, IRS, Partnership Tax, tax audit

By:  Amanda Wilson A more detailed discussion of the impact of the new partnership audit rules can be found here.

Goodbye TEFRA, Hello New Partnership Audit Rules

By Amanda Wilson on Nov 9, 2015 in audit, government, International, IRS, Partnership Tax, Tax

By:  Amanda Wilson Last week, President Obama signed into law the Bipartisan Budget Act of 2015.  As I mentioned in a prior post (found here), the budget bill contained a proposal to revamp how partnerships are audited.  Specifically, TEFRA (the...