Publications – Strategic Tax Advisors – STA

How do Fortune 500 Companies Avoid Federal Income Taxes

Posted on September 23, 2019 by K. Zak

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

Posted in Tax Reduction

Better Living Through Accuracy

Posted on September 20, 2019 by K. Zak

Better Living Through Accuracy The essential core of successfully defending your tax returns is meticulous and correct recordkeeping. As Kevin Costner said in his biopic Wyatt Earp, “fast is fine, but accuracy is final.”[1] This statement applies to both gunfights and tax returns. Furthermore, taxpayers must pay a 20% penalty for any understatements on reportable

Posted in Tax Return

Six Democratic Candidates and the Tax Plans they Wish to Employ

Posted on September 17, 2019 by K. Zak

Six Democratic Candidates and the Tax Plans they Wish to Employ The 2017 Tax Cuts and Jobs Act wrought sweeping changes throughout the Internal Revenue Code. As the race continues to see which candidate will face President Donald Trump in the 2020 election; STA explores a brief overview of Joe Biden’s, Bernie Sanders’, Elizabeth Warren’s,

Posted in Uncategorized

Write Your Will

Posted on July 10, 2019 by K. Zak

Write Your Will Do not depend on the state or your relatives to honor your wishes after death. Write your will to transfer your property on your terms, protect your privacy, and mitigate potential bloodbaths over your estate. When Aretha Franklin died in 2018, her family thought she had no will.[1] In May of 2019,

Posted in Will

How Amazon Paid $0 in Federal Taxes

Posted on June 27, 2019 by K. Zak

How Amazon Paid $0 in Federal Taxes Jeff Bezos, the founder of Amazon, might be the richest man in America. Coincidentally, Amazon reported revenue of $232 BILLION, earnings before income taxes of $11.2 billion, and a tax rebate of $129 million in 2018.[1] According to an analysis from the Institute on Taxation and Economic Policy,

Posted in Tax Strategy