On November 23, 2020, in “Liens, Taxes and Bankruptcy in Wyoming- Oh My! 2020 Changes to Ad Valorem Tax and Lien Law”, I reported on Wyoming’s attempts to change its ad valorem tax payment and reporting system for produced minerals. The goal was to make ad valorem filings and payments simultaneous with severance tax filings […]
As 2015 draws to a close, there is still time to reduce your 2015 tax bill and plan ahead for 2016. This memo highlights several potential tax-saving opportunities for business owners to consider. • Defer Income into 2016. Deferring income to the next taxable year is sometimes a useful year-end planning tool. If you expect […]