November 16, 2017

NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.

CNBC News

By Mark Murray

Featured Maury Cartine, Partner-in-Charge, Tax Services, New York

Related Services Tax & Business, Tax Return Compliance

NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings. Tax & Business

Excerpt:

But based on a known 2005 return of Trump’s taxes, Maury Cartine, a tax expert at Marcum LLP, says the House legislation would have saved the president more than $31 million in the Alternative Minimum Tax he paid that year ” because the bill repeals that tax.

“The repeal of the Alternative Minimum Tax would result in an initial federal income tax savings of $31,261,179,” Cartine said in analyzing the House bill based upon Trump’s 2005 tax return.

Click here to read a PDF version of the article >>

Featured

Maury  Cartine

Maury Cartine

Co‑Partner‑in‑Charge, Alternative Investments

  • Tax & Business
  • New York, NY