04.29.20 President Trump’s Impact Payment letter & Foreign Pension Trusts
Rev. Proc. 2020-17 on Foreign Pension Trusts and summary from attorney Andrew Mitchell:
https://intltax.typepad.com/intltax_blog/2020/03/rev-proc-2020-17-exemption-from-filing-forms-3520-and-3520-a-for-applicable-tax-favored-foreign-trus.html
President Trump’s letter to taxpayers getting Impact Payments:
https://www.usatoday.com/story/news/politics/2020/04/28/coronavirus-trump-letter-stimulus-check-recipients-causes-stir/3040031001/
Info on IRS Form 7200 for Advance Payment of Employer Credits due to COVID-19:
https://www.irs.gov/forms-pubs/about-form-7200
Supplemental funds for Paycheck Protection Program plus new money for hospitals, coronavirus testing signed into law:
https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-taxnewsandviews-200424.pdf
What’s the Real Motivation Behind Keurig Moving Coffee Business From U.S.?
What’s the Real Motivation Behind Keurig Moving Coffee Business From U.S.? By Alan Olsen Just about any large American company that does business outside of the U.S. finds ways to save money on its tax bill. That is due, in large part, to the fact that the U.S. corporate tax rate is a whopping 35…
Cyclical Stocks: Ins and Outs, Ups and Downs
Cyclical Stocks: Ins and Outs, Ups and Downs A company can provide outstanding goods or stellar services. It can be well run by a board of directors and officers who choose the best and the brightest of employees, who, in turn, manage day-to-day business operations with skill and finesse. Seems as if purchasing shares of…
Gulf Oil Spill: Questions and Answers
Gulf Oil Spill: Questions and Answers Source: IRS.gov Posted: 7/2/2010 Q1. Is a taxpayer required to include in gross income payments the taxpayer receives for lost business income, lost wages or lost profits? A1. Yes. The law requires that a taxpayer include in gross income payments the taxpayer receives for lost business income, lost wages…
Free Money For College Students
Free Money For College Students College. Tuition, books, housing, computer, food, etc… Sound familiar? These items are just a few of the many frequent expenses encountered in a student’s college career. The government made education credits to try and offset these expenses by giving tax benefits to them. From a tax standpoint, Education credits have…