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....

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 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...

By: Amanda Wilson If you are a foreign citizen that is considered to be a resident for U.S. income tax purposes, you need to be aware that your U.S. tax filing obligation is not limited to the income tax return. U.S. taxpayers (including foreign...