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NFL At Risk Of Losing Non-Profit Status?

By Amanda Wilson on Mar 30, 2015 in government, International, IRS, Tax

By: Amanda Wilson A recent proposal by U.S. Congressman Jason Chaffetz, the Chairman of the Committee on Oversight and Government Reform, would eliminate the tax-exemption under Internal Revenue Code section 501(c)(6) for professional sports leagues...

Google Tax Spreading to Other Countries?

By Amanda Wilson on Mar 18, 2015 in Congress, International, IRS, Tax, tax code

By: Amanda Wilson In December of last year, the UK announced a 25% tax on US multinational companies that do business in the UK but avoid paying UK tax through careful tax planning (for example, through the use of tax treaties). This tax has been...

IRS Lessens Reporting Burden on Charitable Hospitals

By Amanda Wilson on Mar 12, 2015 in International, IRS, Obama care

By: Amanda Wilson This week, the IRS issued new guidance for charitable hospitals that are required to disclose the failure to meet the requirements imposed by the Affordable Care Act. This new guidance is meant to lessen the burden on such...

Yet Another Tax Scam

By Amanda Wilson on Mar 4, 2015 in Federal Income Tax, fraud, government, identity theft, IRS, medical marijuana, tax scam

By: Amanda Wilson CBS This Morning covered an important story about yet another tax scam. Under this scam, thieves posing as IRS agents call individuals and use scare tactics to frighten the victims into sending money. The threat is that if money is...