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Business Tax Reform High Priority

By Amanda Wilson on May 13, 2015 in Business Owners, Congress, government, IRS, medical marijuana, Obama care, personal tax, tax reform

By: Amanda Wilson Last week, I was at the ABA Tax Section meeting in DC, and one refrain that I heard over and over is that tax reform is a major priority for Congress. The Obama administration has basically shut down the possibility of personal tax...

Tax Day Has Passed, But Don't Forget June 30th!

By Amanda Wilson on Apr 22, 2015 in Other, Foreign Operations, International, IRS

By: Amanda Wilson Now that April 15th has passed, you might be thinking that you are done with tax filings for the year. But, if you have any foreign bank accounts or financial assets overseas, you may be required to file a Form 114 (commonly known...

Even With Extension, You Have to Pay Your Taxes Today!

By Amanda Wilson on Apr 15, 2015 in Other, code, Federal Income Tax, International, irc, IRS, medical marijuana, Tax, Tax Day, Taxpayers

By: Amanda Wilson You only have to turn on your radio, TV, or log onto social media today to be reminded that today is the dreaded TAX DAY. If you find yourself in the position of seeking an extension to file your taxes, do not forget that you must...

Partnerships - TMP Must Be a Partner

By Amanda Wilson on Apr 8, 2015 in Other, code, International, IRS, LLC, Partnership Tax, Tax, Tax Day

By: Amanda Wilson With April 15th rapidly approaching, I thought I would address a common question that I receive this time of year. Who can be the tax matters partner of a partnership? The tax matters partner is the partner authorized to sign the...