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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.

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

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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

Partner-in-Charge
Tax Services - New York
Tax & Business
New York, NY
 




 
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