Over the weekend, stories popped up all over the place about net operating losses, suggesting that one kind of tax loss is the same as another. One loss may hit your wallet just as hard as another loss, but when it comes to tax treatment, all losses are not created equal. Here’s a quick look at other kinds of losses you might have seen when it comes to taxes.
Read MoreMonth: October 2016
New York Attorney General Sends Trump Foundation Cease & Desist Notice
The New York Attorney General’s Office has ordered Donald Trump’s charity to “immediately cease soliciting contributions or engaging in any other fundraising activities” in New York, following up on reports that it had failed to register with the state as required by law.
Read MoreAs Talk Turns To Trump Tax Returns, Here’s What You Need To Know About Net Operating Losses
Over the weekend, The New York Times reported that it had in its possession what appeared to be three pages from Trump’s 1995 personal income tax returns. Those reports suggest a loss in the amount of $916 million, which, according to tax analysts hired by The Times, mean Trump might have paid no income taxes for nearly two decades. Here’s what you need to know.
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