Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts

Monday, May 5, 2014

CEOs and companies who reside in US, but are not being taxed by the US.

Randall Hogan chairs the Federal Reserve Bank of Minneapolis. Sandy Cutler ran the Greater Cleveland Partnership. Tony Petrello donated $5 million to the Texas Children’s Hospital.
They’re all chief executive officers who have given back to their communities. They oversee thousands of American workers. And they run companies that have opted out of the U.S. tax system.

article here.(thanks to TaxProf blog). 

Tuesday, October 8, 2013

What's the tax ramification for a same-gender couple?

In August of this year, the IRS issued a ruling (Notice 2013-61) that rules that same- gender couples
legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.

:For More information: IRS.gov