Skip to main content

Trump Org. X-Mas Bonus List Is a Heart Attack on a Chart, Accountant Testifies

Trump Org. X-Mas Bonus List Is a Heart Attack on a Chart, Accountant Testifies: The bonuses should have been reported in their entirety on company W-2s each year, as taxable income. But they were not, prosecutors have charged. Instead, prosecutors alleged executives received the bulk of their annual bonuses in separate checks from a variety of Trump Organization subsidiaries, as if they had worked the previous year as freelancers or contractors for Wollman Rink, Mar-a-Lago, the Trump International Golf Club in Palm Beach, Florida, and even Trump Productions, which produced "The Apprentice." That way, prosecutors alleged, the company saved on withholding and got to write off the checks as subsidiary expenses. Meanwhile, the executives were able to claim the checks as freelance income, which allowed them to stash some of that money in tax-free savings accounts available only to the self-employed.

Popular posts from this blog

Elizabeth Holmes Discusses Theranos at WSJDLive 2015

Elizabeth Holmes Discusses Theranos at WSJDLive 2015 Elizabeth Holmes Discusses Theranos at WSJDLive 2015 At the WSJDLive 2015 conference, Theranos founder and CEO Elizabeth Holmes discusses her company's proprietary technologies, the FDA's inspection of its facilities, and the assertion that her company was too quick to market its products.