Withholding Tax Set to Increase

By:  Amanda Wilson The Foreign Investment in Real Property Tax Act (FIRPTA) subjects foreign sellers to U.S. tax when they sell their interest in real property located in the U.S., including interests in companies that predominately …

Important Tax Changes for REITs

BY: Amanda Wilson Last Friday, Congress passed and the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”). The PATH Act has gotten a lot of publicity as it …

New Audit Rules for Partnerships

By:  Amanda Wilson Last week, President Obama signed into law the Bipartisan Budget Act of 2015.  Buried in this budget bill is an entirely new procedure for how partnerships are audited.  Specifically, it would repeal …

Beware Transferee Liability

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 …