Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Laura Saunders"


6 mentions found


Count Your Children: A Tax To-Do List for 2023
  + stars: | 2022-12-30 | by ( Laura Saunders | ) www.wsj.com   time to read: 1 min
A new year brings New Year’s Resolutions. With inflation still taking a toll and markets in turmoil, making smart tax moves–and avoiding dumb ones–brings real benefits in uncertain times. So here’s a clutch of tax resolutions for this year’s filing season and beyond. And here’s hoping that 2023 brings you health and wealth–and better odds of getting the IRS on the phone.
The Internal Revenue Services postponed the reporting requirement after efforts in Congress failed to delay it or raise the $600 threshold. The Internal Revenue Service on Friday gave millions of Americans a one-year reprieve on new tax-reporting requirements, delaying implementation of a law that requires e-commerce platforms such as eBay , Etsy and Airbnb to give the tax agency information on users with more than $600 in revenue. The delay means the platforms won’t have to send sellers and the IRS a blizzard of 1099-K tax forms early in 2023, and it gives opponents of the $600 threshold more time to push for a change in the law next year.
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.
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.
Total: 6