Taxes

A recent tax case is one of the saddest ever and shows how the tax law often has intended consequences. The taxpayers were a married couple who inherited a business from the husband’s brother. After a couple of years, the husband discovered the business manager was stealing. He fired the manager and put his stepdaughter,
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Share to Facebook Share to Twitter Share to Linkedin This segment of What’s Ahead lays out the telltale signs for a possible Reaganesque candidate emerging from tomorrow’s Republican debate. Reagan projected an exciting, optimistic view of the future, while effectively eviscerating the destructive policies and principles of his opponents. He never came across as acerbic
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Section 871(m) treats payments under equity derivative contracts that reference U.S.-source dividends as if they are equivalent to U.S.-source dividends, potentially triggering a U.S. withholding tax. Reg. section 1.871-15(q) interprets section 871(m) to exempt qualified derivatives dealers (QDDs) from tax and withholding requirements if overwithholding would occur. Published September 12, 2022, Notice 2022-37, 2022-37 IRB
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