Page 119 - Tax Code News Today

And business transactions. >> right. >> for somebody in a big of president, youre looking for conflicts of interests. loans that are reported or not reported. when you run for government office, you fill out a form that lists all of the your assets, liability, your accounts, and those kinds of thing. or if in an office you hold you may be in debt or subject to a creditor. that, to me, was an interesting point. and they could look to see, in fact, if there was a business transaction conflict with...

Remains the same. we also learned about foreign accounts, including foreign accounts in china, that ended in 2017 after trump took office. and so there is a lot to plummet. but one of the fascinating things is were not just reading "the new york times," but the irs is also. and so the irs was sitting around reading the paper and actually drafting its audit plan. you know, its almost as if "the new york times" reporters are better auditors than the irs because the irs was incredibly ineffective a...

Authorities escalated further what they dubbed as the “last quarter storm” trade enforcements against sale of illegal cigarettes in Central Luzon provinces, zeroing mostly on public market wholesale stores. ​Since late October, combined forces of BIR Revenue Region 4 and PNP-CIDG Region 3, had so

Trump, a wealthy businessmans hes touted himself as, he didnt pay any federal taxes in 2020. in 2016 it was just $750 in federal income taxes and then if you combine 2018 and 2019, just over a million dollars. so what are the questions in your mind? is it about seeing if these losses that were reported are actually legitimate? >> well there are a number of questions that i have. to be clear, the tax code is extremely complicated and there is a lot of gray areas when it comes to real estate taxes...

Related returns. there should have been at least five auditors, and those that amongst them, had special expertise in foreign taxes as well as in financial products. so there was something drastically wrong there. >> i want to quickly ask you about the fact that, you know, these being released show that president trump at the time had had while he was president, had foreign accounts and he paid more in foreign taxes. one of those countries in china. he paid more in foreign taxes than he did in u...

There. donald trump, it shows, paid more in foreign taxes than he did u.s. taxes in one of those years, in 2017. and in response to criticism, he said this is, you know, the tax returns show he was, quote, able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and as he put it, magnificent structures and enterprises. is this simply a case of donald trump using the loopholes that exist in the tax code to get an advantage? >> well, first of all, al...

Last Friday Congress passed its year-end omnibus spending bill avoiding a wide-spread government shutdown

The failure of a taxable entity to file Texas franchise tax reports or pay franchise tax when due can have serious consequences, including loss of the ability of the entity to sue or...

Looking — it depends whos taxes youre looking at, but especially if you are getting most of your income from this radical— are getting most of your income from this radical thing called working, or you _ this radical thing called working, or you have a salary, there is then — or you have a salary, there is then your— or you have a salary, there is then... your taxes, or you have a salary, there is then... yourtaxes, compared to somebody— then... yourtaxes, compared to somebody who gets...

2024 _ the general election, building up to 2024. they will be huge concern amongst the tory right he will not be able _ amongst the tory right he will not be able to— amongst the tory right he will not be able to undo these tax rises in time _ be able to undo these tax rises in time to— be able to undo these tax rises in time to make the election campaign viable _ time to make the election campaign viable on _ time to make the election campaign viable on that. so... but for him, he has _ vi...