Accounting Viewpoint News Today

If you were writing tax law yourself, would you write it in a way that that the way you handled donald trumps tax returns would not be possible? >> yes. >> and how would you change it? what do you think is wrong with it now? >> for years, construction period carrying charges, interest and taxes during the construction period which could go for multiple years were currently deductible. where as theyre really capital expenditures. from an accounting viewpoint. as a consequence, a developer was get...

Building an incredible net worth and not paying tax on it. if you were writing tax law yourself, would you write it in a way that that the way you handled donald trumps tax returns would not be possible? >> yes. >> and how would you change it? what do you think is wrong with it now? >> for years, construction period carrying charges, interest and taxes during the construction period which could go for multiple years were currently deductible. where as theyre really capital expenditures. from an ...