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The PATH Act Brings Important REIT Changes

By Amanda Wilson on Dec 21, 2015 in Real estate, Congress, International, IRS, medical marijuana, Obama care, path act, REIT

BY:  Amanda Wilson The recently enacted PATH Act included several important changes to the REIT tax rules.  A full discussion of these changes can be found here.

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...

No Tax Deduction for Medical Marijuana Company

By Amanda Wilson on Oct 29, 2015 in Other, IRS, medical marijuana, tax court

By:  Amanda Wilson As more and more states are allowing for medical marijuana or other legal uses of marijuana, it is important to recognize that the federal government's treatment of marijuana as a controlled substance can have more than criminal...

Beware Transferee Liability

By Amanda Wilson on Oct 15, 2015 in International, irc, IRS, medical marijuana, S Corporation, Tax, transferee

By:  Amanda Wilson One of the great features of corporations is that liability in the corporation generally does not extend to its shareholders, including tax liability.  Like any rule, though, there is almost always an exception.   In this case,...