HOUSE_OVERSIGHT_029443.jpg
1.89 MB
Extraction Summary
2
People
2
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Tax bulletin / legal memorandum
File Size:
1.89 MB
Summary
This document is page 6 of a 'Tax Bulletin 2018-1' outlining changes from the Tax Cuts and Jobs Act. It details the mechanics of the new pass-through entity deduction with a hypothetical example of a married couple, discusses Corporate International Taxes (including repatriation of foreign earnings), and notes the repeal of Roth IRA recharacterization. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was part of a document production for a Congressional investigation, likely related to financial structures used by Epstein or associated entities.
People (2)
| Name | Role | Context |
|---|---|---|
| H | Hypothetical Taxpayer (Husband) |
Used in an example regarding pass-through entity taxation.
|
| W | Hypothetical Taxpayer (Wife) |
Used in an example regarding pass-through entity taxation; described as an employee receiving W-2 wages.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| House Oversight Committee |
Indicated by the Bates stamp 'HOUSE_OVERSIGHT' at the bottom of the document.
|
|
| Senate |
Mentioned regarding the legislative history of the pass-through deduction availability for trusts/estates.
|
Timeline (1 events)
Locations (1)
| Location | Context |
|---|---|
|
Implied by references to U.S. taxation, U.S. corporate shareholders, and federal tax laws.
|
Relationships (1)
H
→
Spouses
→
W
H and W file a joint return... married filing jointly
Key Quotes (3)
"Under the Act, however, trusts and estates can benefit from the pass-through deduction."Source
HOUSE_OVERSIGHT_029443.jpg
Quote #1
"Capital gains, dividends, and other preferential income from a business would not be considered 'business income'"Source
HOUSE_OVERSIGHT_029443.jpg
Quote #2
"Roth recharacterization no longer allowed."Source
HOUSE_OVERSIGHT_029443.jpg
Quote #3
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