How do Fortune 500 Companies Avoid Federal Income Taxes

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How do Fortune 500 Companies Avoid Federal Income Taxes Another day, a new tax code, and big companies still pay no taxes.  According to a 2018 report from the Institute on Taxation and Economic Policy, sixty Fortune 500 companies paid $0 in “federal income taxes on $79 billion in domestic pre-tax income.  Instead of paying
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End of Year Tax 2018 Tax Tips

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End of Year Tax 2018 Tax Tips Before December 31, 2018… Taxpayers and Business Owners can take some steps today to maximize their tax benefits and minimize their taxable income: Year End Bonus: Earnings are taxable in the year received; therefore, if taxable income in the 2018 year will be abnormally high, it could prove
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Call the Booth

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Call the Booth BUZZZZZ.  The buzzer sounds, telling the teams and fans alike that game has concluded.  Although two teams run off the field, only a single victor emerges from the battlefield.   The owner of the defeated team rings the scoreboard technician to ask, “What can I do to change the score of the game?” 
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