Criminal Tax Evasion Charges Forthcoming Against Trump Org.

#152
#152
Thunder Good-Oil said:
When the indictment meant says “cars” for Weisselberg AND his wife, I wonder if it was multiple cars at once or if “cars” is plural because it wasn’t the same 2005 Mercedes assigned to the CFO over 15 years.

Weisselberg Is going to argue that he wasn’t a NYC resident because he maintained his home elsewhere.

The tuition could be argued that it was gifted if it came from Trump’s personal accounts. Maybe he liked the kids and felt like helping to educate them (wink, wink).

If Weisselberg was working on the side as a consultant for the other entities, and not as their CFOs, then why couldn’t that compensation be considered IC work?

All of this has the appearance of interpretation of tax code as much as criminal activity. The perks just have more zeroes. Almost every business owner in the country could be attacked on a smaller scale. How many have golf memberships used to conduct meetings and interviews with clients, employees, potential clients and employees?

Weisselberg will probably settle since the government has unlimited resources to pursue their interpretations and it is the cheapest, safest way to end the witch hunt. Then the Dems, liberals, leftists, and media will claim victory.
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If you work (more than de minimis) in NYC, you have a NYC filing obligation. Doesnt matter where your residence is.

I live in Shelby County, TN. If I worked in Desoto County, MS, I would owe MS taxes.
 
#153
#153
BigOrangeMojo said:
If you work (more than de minimis) in NYC, you have a NYC filing obligation. Doesnt matter where your residence is.

I live in Shelby County, TN. If I worked in Desoto County, MS, I would owe MS taxes.
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Do you know if Pro athletes must file for the games they play in NYC?
 
#154
#154
BigOrangeMojo said:
If you work (more than de minimis) in NYC, you have a NYC filing obligation. Doesnt matter where your residence is.

I live in Shelby County, TN. If I worked in Desoto County, MS, I would owe MS taxes.
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From what I’ve read, only NYC “government” employees must pay NYC income tax. A New York State resident that works in NYC can file that they claim to be non-residents of NYC on their state return. NYC income taxes are generally imposed on NYC residents and this guy will claim that his residence is outside of the city.

It could be an important fact where the kid’s school is located. If it is outside of NYC, is it closer to their primary NY State home?
 
#156
#156
Wireless1 said:
Do you know if Pro athletes must file for the games they play in NYC?
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I wouldn’t think any more than any other person that stays in a NYC hotel while they do business in NYC. A flight attendant for example. Actors that visit to perform on Broadway. Camera operators that visit for shoots or broadcasts. NYC will be shooting themselves in the foot by trying to extort tax revenues from everybody setting foot within their borders doing business.
 
#158
#158
Wireless1 said:
Do you know if Pro athletes must file for the games they play in NYC?
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Yes, they do. Some of the lower paid ones might fall under a standard deduction so they might not have to file. The NBA, MLB, or NHL team will withhold from the paycheck.
 
#159
#159
Thunder Good-Oil said:
I wouldn’t think any more than any other person that stays in a NYC hotel while they do business in NYC. A flight attendant for example. Actors that visit to perform on Broadway. Camera operators that visit for shoots or broadcasts. NYC will be shooting themselves in the foot by trying to extort tax revenues from everybody setting foot within their borders doing business.
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Ive worked for 2 Fortune 500 companies and NYS and NYC are very aggressive with individual taxation of officers. A standard audit request for a corporate tax audit will be the number of days each of the officers listed in the SEC proxy are in NYC or NYS. NYS Senators are the reason the Remote and Mobile Workforce Act hasn't been passed in Congress.
 
#160
#160
New York Nonresidency Tax Issues

The difference in tax between filing as nonresident vs. resident

As a resident, you pay state and city tax on all your income. As a non-resident, you only pay tax on New York source income, which includes earnings from work physically performed in New York State, and income from real property. You are not liable for city tax. Generally, if you live in New York City, you will have city tax withheld from each paycheck (as reported on the W-2), which is why you may receive a much larger tax refund (getting all or most of the city tax back) if you file as a nonresident.
 
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#161
#161
Here’s the thing. NYC is going to lose a ton of money one way or the other on this witch hunt. If they prevail in court, other individuals and entities will be avoiding doing their business in NYC. If they lose then whatever NYC income taxes that they’ve been able to extort from non-residents will dry up. But they (NYC aka Dems, leftists, liberals, media) could get some political talking points to gloat about and they’ll leverage it to appease their uninformed voting base.
 
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#162
#162
Thunder Good-Oil said:
New York Nonresidency Tax Issues

The difference in tax between filing as nonresident vs. resident

As a resident, you pay state and city tax on all your income. As a non-resident, you only pay tax on New York source income, which includes earnings from work physically performed in New York State, and income from real property. You are not liable for city tax. Generally, if you live in New York City, you will have city tax withheld from each paycheck (as reported on the W-2), which is why you may receive a much larger tax refund (getting all or most of the city tax back) if you file as a nonresident.
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Agree, going to be interested to see how the prosecutors will prove domicile from 15 years ago.
 
#164
#164
It’s all so stupid and creates more issues than it resolves. What happens when corporate pilots touch down in dozens of places in a week? Is their income shielded if they don’t exit the plane? If the get off of the plane and have lunch in the food court do the have yo surrender a chunk of their compensation for those days? Idiots. They deserve to lose their businesses. But then they’ll look for federal bailouts once they’ve bankrupted their cities and states. It will be a blue wave of insolvency.
 
#165
#165
Thunder Good-Oil said:
From what I’ve read, only NYC “government” employees must pay NYC income tax. A New York State resident that works in NYC can file that they claim to be non-residents of NYC on their state return. NYC income taxes are generally imposed on NYC residents and this guy will claim that his residence is outside of the city.

It could be an important fact where the kid’s school is located. If it is outside of NYC, is it closer to their primary NY State home?
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Here's some additional questions I will ask

1. The NYC filing requirement is only for out of state residents (i.e. CT, NJ, etc.). Does the CFO filing the NYS return claiming a non NYC domicile toll the statute of limitations for NYC reasons.

2. Taking Trump's comments at face value, typically IRS audits of large companies will review the individual returns of "Top 5" officers. Are there any IRS agreements that may supersede any prosecutor findings

3. How will the prosecutors prove domicile in NYC (183 days or more)?
 
#166
#166
Back in the day, highly compensated business people pretty much HAD to go visit NYC. Now they can easily Zoom from their tax havens and hide their crypto currency from the government thieves.
 
#168
#168
VolStrom said:
Do you think Trump will ever set foot in NYC ever again?
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Not while working for a high salary of a company doing business in NYC or as a resident. Maybe to catch a Broadway show while on vacation or to record a TV show or to campaign. NYC government revenuers need to be educated on what Leona Helmsley said. “We don't pay taxes. Only the little people pay taxes."
 
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#169
#169
Trump tells Florida rally that NY Prosecutors are behaving like Third World DICTATORS in pursuing a 'political vendetta' against him - and says the 'fabricated charges' will only make him stronger

Former President Donald Trump accused New York prosecutors of behaving like a 'communist dictatorship targeting political opponents' as he railed against criminal charges leveled against his company during a rally in Florida.

He unloaded his fury after a week that included seeing an employee paraded into court in handcuffs with a fiery rally speech on Saturday night in Sarasota, Florida.

Trump hit all his favorite targets, from immigration to fake news, but reserved special fury for prosecutors in New York.

'It's reminiscent of a communist dictatorship targeting their political opponents ... fabricating charges to try and silence them, abusing the justice system and leaking out information on a daily basis to the press, to engage in flagrant character assassination,' he said to cheers.

But he said the 'witch hunt' that began when he first ran for office would backfire, cementing his support.

'In America people will not stand for it,' he said.

The rally, billed as a Fourth of July celebration, drew tens of thousands of people to a grassy fairground, braving first blistering temperatures and then torrential Florida rain.

45008863-9753277-Former_President_Trump_delivered_angry_retort_to_criminal_charge-a-27_1625362867879.jpg


45008029-9753277-The_rally_billed_as_a_Fourth_of_July_celebration_drew_tens_of_th-a-30_1625362867969.jpg


45008033-9753277-The_Florida_trip_was_his_second_campaign_style_rally_since_leavi-a-28_1625362867888.jpg


Trump tells Florida rally that New York prosecutors are behaving like third world dictators | Daily Mail Online
 
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#170
#170
Franklin Pierce said:
Trump tells Florida rally that NY Prosecutors are behaving like Third World DICTATORS in pursuing a 'political vendetta' against him - and says the 'fabricated charges' will only make him stronger

Former President Donald Trump accused New York prosecutors of behaving like a 'communist dictatorship targeting political opponents' as he railed against criminal charges leveled against his company during a rally in Florida.

He unloaded his fury after a week that included seeing an employee paraded into court in handcuffs with a fiery rally speech on Saturday night in Sarasota, Florida.

Trump hit all his favorite targets, from immigration to fake news, but reserved special fury for prosecutors in New York.

'It's reminiscent of a communist dictatorship targeting their political opponents ... fabricating charges to try and silence them, abusing the justice system and leaking out information on a daily basis to the press, to engage in flagrant character assassination,' he said to cheers.

But he said the 'witch hunt' that began when he first ran for office would backfire, cementing his support.

'In America people will not stand for it,' he said.

The rally, billed as a Fourth of July celebration, drew tens of thousands of people to a grassy fairground, braving first blistering temperatures and then torrential Florida rain.

45008863-9753277-Former_President_Trump_delivered_angry_retort_to_criminal_charge-a-27_1625362867879.jpg


45008029-9753277-The_rally_billed_as_a_Fourth_of_July_celebration_drew_tens_of_th-a-30_1625362867969.jpg


45008033-9753277-The_Florida_trip_was_his_second_campaign_style_rally_since_leavi-a-28_1625362867888.jpg


Trump tells Florida rally that New York prosecutors are behaving like third world dictators | Daily Mail Online
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Cool story bro!
 
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