Vit Gulbis

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Tax Geek Tuesday: Making Sense Of The New "20% Qualified Business Income Deduction"

On December 22nd, President Trump signed into law the Tax Cuts and Jobs Act, finalizing a once-in-a-generation overhaul of the existing Code and leaving the once-burdensome tax law so simple, we’ll all be preparing our returns on postcards come the spring of 2019.<p>HAHAHAHAHAHA<p>/wipes tear from …

Retirement

Tax Reform: New Law Delivers a Bundle of Executive Compensation and Employee Benefits Changes for the Holidays

Signed into law by President Trump on December 22, the final version of the tax reform bill (the “Act”) is not as far-reaching on executive …

Middle-class

'Holy crap': Experts find tax plan riddled with glitches

Some of the provisions could be easily gamed, tax lawyers say.<p>Republicans’ tax-rewrite plans are riddled with bugs, loopholes and other potential problems that could plague lawmakers long after their legislation is signed into law.<p>Some of the provisions could be easily gamed, tax lawyers say. Their …

Finance
Income Inequality

Tax Whistleblowers Won a Landmark Court Victory Over the IRS Today

The nation’s top tax court made history today by ruling that whistleblowers who report tax cheats to the federal government are entitled to more of …

Taco Bell
Taxes

Walmart accused of stashing billions in offshore tax havens

Walmart is facing allegations that it has some 70-billion euros in overseas tax havens.<p>A report by “Americans for Tax Fairness”:<br>http://www.americansfortaxfairness.org/files/TheWalmartWeb-June-2015-FINAL.pdf<br>suggests the retailer has used offshore subsidiaries and branches to avoid paying around …

Keeping the Idea of Tax Reform Alive

Numerous hearings, working papers, discussion drafts and learned studies on tax reform have surfaced during the past several years, with general …

PC-Biz

House quietly passes tax exemption for megadonors

Major contributors like the Koch brothers and Tom Steyer would get a break on gift taxes to secretive non-profit groups.<p>The House on Wednesday with little fanfare passed legislation that would protect major donors like the Koch brothers and Tom Steyer from having to pay gift taxes on huge donations …

Middle-class

‘Going Clear’ director demands IRS repeal Scientology’s tax-exempt status

<i>This post is in partnership with TheWrap. The article below was originally published at</i> <i>thewrap.com.</i><p>By Tony Maglio, <i>TheWrap</i><p>“Going Clear” filmmaker Alex …

Religion
Health Care

Death and taxes: Why tax day may be hazardous to your health

Do you dread tax day? If so, your instincts are good – though your anxiety is probably misdirected.<p>Sending your hard-earned money to the government may bring on chest pains, but the real risk to your health on April 15 is that you could die in a car crash.<p>The threat isn't huge – about 13 more …