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Oops, They Did It Again – The Tax Version

By taxingtimes on Dec 17, 2014 in Congress, government, IRA, Tax, tax provision

By: Amanda Wilson Every year, as the countdown to the new year approaches, Congress races to extend expiring tax provisions. Last night, the Senate finally caught up with the House and approved a bill extending certain beneficial tax provisions. The...

Can or Should an LLC be a Shareholder of an S Corporation?

By taxingtimes on Dec 11, 2014 in LLC, S Corporation, Tax

By: Amanda Wilson Many private companies utilize S corporations in their ownership structure, as they provide beneficial tax treatment. In order to qualify as an S corporation, the corporation can have only certain types of shareholders....

Have a Florida LLC? If So, Be Prepared for 2015

By taxingtimes on Nov 12, 2014 in LLC, Tax

By: Amanda Wilson Does your business use one or more Florida LLCs or limited liability companies? If so, you need to be aware that as of January 1, 2015, the Florida Limited Liability Company Act will be completely replaced with the Revised Limited...

Treasury Department Takes Aim at Corporate Inversions

By taxingtimes on Sep 23, 2014 in government, Tax

By: Amanda Wilson A few weeks ago, I posted about the increasing popularity of U.S. corporations moving their headquarters abroad, as illustrated most recently by the proposed Burger King/Tim Hortons merger. This type of transaction is referred to...