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Search resuls for: "Laura Saunders"


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☆ IRS Urged to Examine Donald Trump’s Loans to His Children
  + stars: | 2022-12-21 | by ( Laura Saunders | ) www.wsj.com   time to read: 1 min
Donald Trump made loans to his children Ivanka, Donald and Eric that the Internal Revenue Service should scrutinize, according to a recommendation by the staff of the Joint Committee on Taxation to House Ways & Means Committee Chair Richard Neal (D., Mass.). The suggestion was part of the staff’s analysis of Mr. Trump’s tax returns for 2015-2020. According to the report, Mr. Trump declared a total of $51,000 of interest paid to him by his three older children for each tax year from 2015 through 2019. For 2020, the amount of interest dropped to $46,000. The report questioned whether these related-party loans, as they are known, were “bona fide arms-length transactions” or were disguised gifts that should be taxable to Mr. Trump.
☆ A Year-End Surprise: A Tax Bill on Top of Your Mutual-Fund Losses
  + stars: | 2022-12-09 | by ( Laura Saunders | ) www.wsj.com   time to read: 1 min
In this brutal year for markets, some mutual-fund investors are facing a double whammy: big losses and big tax bills. This is happening because fund managers have had to sell holdings to raise cash to pay investors leaving their funds. That often triggers payouts of taxable capital gains for investors who remain.
☆ How to Reap Tax Breaks from Your HSA
  + stars: | 2022-10-14 | by ( Laura Saunders | ) www.wsj.com   time to read: 1 min
Health-savings accounts offer remarkable benefits. But the nuts and bolts of using them are often confusing. So it’s no surprise that the last Tax Report, which explored unusual features of HSAs, prompted a flood of reader questions. With open-enrollment for healthcare plans coming soon, many of these questions are worth further attention.
☆ Laura Saunders — Reporter at The Wall Street Journal
  + stars: | 2022-09-19 | by ( Laura Saunders | ) www.wsj.com   time to read: 1 min
Laura SaundersLaura Saunders has long specialized in writing about taxes, first at Forbes and since 2009 for the Wall Street Journal. “Taxes sit squarely at the intersection of economics and politics, with consequences for everybody,” she says. When not writing about the code, she indulges her passion for literature and has published essays on Ralph Ellison, Flannery O’Connor, and Herman Melville. from Sewanee: the University of the South, and an M.A. She lives with her family in New York City.
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