Tax

New Law Changes Business Tax Filing Deadlines

“Highway Bill” changes filing dates for partnerships, C Corporations and foreign bank account reports (FinCEN 114); also affects Estate returns and mortgage statements. On Friday, July 31st, President Obama signed the “Highway Bill” (H.R. 3236) into law. While the purpose of the law is to provide an extension of... Read more

2015 Briefing on Supreme Court Rulings

There were two important Supreme Court rulings that were handed down the other day with tax ramifications, discussed below: Same-Sex Marriage In 2013, the Supreme Court ruled that same-sex couples had a constitutional right to marry, but that ruling was only applicable for federal purposes. States were not required... Read more

Years of Double Taxation in Georgia Ruled Invalid

Georgia Tax Refunds Available to Owners of Entities with Texas Operations [UPDATE: A RECENT RULING HAS AFFECTED THIS INFORMATION. A NEW ARTICLE WILL BE POSTED SOON.] Double Taxation. In Georgia, those are what we like to call “fightin’ words.” Unfortunately, for years Georgia taxpayers have been taking a beating... Read more

2014 Year End Tax Planning Briefing

We have as much certainty in year-end tax planning as we did this time last year. Congress just passed the “Extender Bill” (discussed below) but only for the short-term, retroactive to January 1, 2014 through December 31, 2014. We go into 2015 not knowing whether these provisions along with... Read more