In 2009, Trump called an end to his association with the failing casinos. His tax return for that same year shows that he claimed a tax refund forAccording to US tax law, business losses can be offset against profits generated from other sources, thereby reducing the all-round tax liability a business owner might pay in a current year. Any excess of these losses can be
to reduce tax liabilities in the future or carried back two years to act as a kind of discount code to reduce taxes payable., business owners who are completely severing their relationship with a business — in Trump's case the Atlantic City casinos — can declare all the losses they couldn't declare in previous years. This is likely to be the way Trump claimed hisThere could, however, be a sting in the tail for Trump, the NYT reported.
Following the casino bankruptcy, Trump was given 5% of shares in the new company, which emerged from the ashes of the old one. But as the NYT reported, this could be considered Trump receiving something of value by the IRS, which would reduce the amount of losses on which he could claim repayment. It remains to be seen whether auditors will sign off on the arrangement, or if the Atlantic City disaster finally laps at Trump's own shores.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Trump ending stimulus talks could hurt millions of unemployed Americans, set back economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Scorched earth - DDT has list his marbles No sense in pointing out he offered more than enough but Pelosi wants to bail out BK Dem states... The cruelty is a feature, not a bug.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Tesco pre-tax profit jumps 29% as UK online sales surge - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
REVEALED: How much Rivian pays its employees, from engineers to financial analysts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. reminds me of same concept- being optimistic when its time to be pessimistic, & vice-versa. Same applies to stocks, driving & managing it is difficult without having good awareness & data
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Southwest CEO said the airline can avoid furloughs — if workers accept pay cuts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for a Creative Logo, Business Logo, Travel Logo, Branding Logo, Company Logo, Professional Logo, Minimalist Logo, Flat Logo, Logo Design. contact me: cut out all the corporate stimulus too? Good Afternoon Passengers, this is your Pilot, Captain Obvious.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »