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.
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.
By: Amanda Wilson
Last week, President Obama signed into law the Bipartisan Budget Act of 2015. As I mentioned in a prior post (found here), the budget bill contained a proposal to revamp how partnerships are audited. Specifically, TEFRA (the 1982 Tax Equity and Fiscal Responsibility Act) is out. The new partnership audit rules go into effect for partnership returns filed for partnership taxable years beginning after December 31, 2017.
By: Amanda Wilson
The budget bill introduced yesterday includes a proposal to revamp/streamline how partnerships are audited. Specifically, it would repeal the much maligned TEFRA (1982 Tax Equity and Fiscal Responsibility Act) rules.
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, the exception can be brutal.