As I previously discussed, the federal tax due date for partnership and corporate tax returns changed a few years ago. ...more
One of the most publicized changes made by last year’s Tax Cut and Jobs Act was a reduction in income tax rates for corporations and individuals. The maximum corporate tax rate has been permanently reduced from 35% to 21%,...more
2/26/2018
/ Business Formation ,
Choice of Entity ,
Corporate Taxes ,
Income Taxes ,
Partnerships ,
Pass-Through Entities ,
S-Corporation ,
Tax Cuts and Jobs Act ,
Tax Liability ,
Tax Planning ,
Tax Reform
The IRS has released proposed regulations implementing the new centralized partnership audit rules. These regulations are virtually identical to the regulations that were released and then pulled in January of this year. ...more
6/15/2017
/ Conversion Requirements ,
Foreign Entities ,
Gain Exclusion ,
Income Taxes ,
IRS ,
Opt-Outs ,
Partnership Liabilities ,
Push-Out Requirements ,
REIT ,
S-Corporation ,
Tax Audits
As I previously discussed, the federal tax due date for partnership and corporate tax returns changed for tax years on or after 2016. This means that the new filing deadlines are now in effect. Partnership and S corporation...more
The IRS released a flurry of new rules as the Obama administration came to a close. The attached presentation provides an overview of many of these developments in the partnership and real estate tax area, including a...more
1/25/2017
/ Audits ,
Books & Records ,
C-Corporation ,
Conversion Requirements ,
Disregarded Entities ,
Foreign Entities ,
Partnerships ,
Push-Out Requirements ,
REIT ,
S-Corporation ,
Trusts
One of the key benefits of a real estate investment trust (“REIT”) is that it is effectively a pass through entity for income tax purposes. While a REIT pays tax on its taxable income, it also receives a dividends paid...more
1/19/2017
/ Capital Gains ,
Corporate Taxes ,
Distribution Rules ,
Dividends ,
Income Taxes ,
IRS ,
Pass-Through Entities ,
Protecting Americans from Tax Hikes (PATH) Act ,
REIT ,
S-Corporation ,
Taxable Income
An S corporation is a popular tax vehicle, as it allows for a single layer of tax instead of the double layer of tax imposed on regular corporations. Instead of the S corporation paying tax, the taxable income of the S...more
Last Friday, President Obama signed into law a bill that provides temporary funding for the highway trust fund. Buried in the law are several permanent changes to the tax code that are unexpected. Specifically, the deadline...more