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New Tax Filing Deadlines for Partnerships and Corporations

By Amanda Wilson on Aug 4, 2015 in Congress, International, IRS, Obama care, tax code, Tax Day, tax deadline

New law ahead road sign By: Amanda Wilson Last Friday, President Obama signed into law a bill that provides temporary funding for the highway trust fund. Buried in the law are several permanent changes to the tax code that are unexpected....

Revamping U.S. Taxation of Multinational Corporations?

By Amanda Wilson on Jul 22, 2015 in Congress, government, International, S Corporation

By: Amanda Wilson The Obama administration and top lawmakers are in discussions regarding a potential overhaul of how the United States taxes U.S. multinational corporations. Topics under consideration include eliminating the U.S. approach of taxing...

House Expected to Tie Infrastructure and Tax Reform Together

By Amanda Wilson on Jul 6, 2015 in government, International, S Corporation, Tax

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...

Senator Targets Carried Interests

By Amanda Wilson on Jun 25, 2015 in capital gain, carried interest, government, International, IRS, Obama care, Tax, tax code, tax rate, treasury

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...