Does Tuition paid for graduate students by the professor (from research grants) count as a third party?

https://www.nytimes.com/2022/12/30/us/politics/trump-tax-returns-takeaways.html

https://www.irs.gov/pub/irs-pdf/p721.pdf

<small><cite class='h-cite via'>ᔥ <span class='p-author h-card'>Cory Doctorow</span> in Pluralistic: 29 Sep 2021 – Pluralistic: Daily links from Cory Doctorow (<time class='dt-published'>09/30/2021 09:17:09</time>)</cite></small>

The latest installment of Propublica's essential IRS Papers reporting shows how the richest Americans abuse a bizarre loophole to avoid ANY tax on indescribably vast estates:

https://www.propublica.org/article/more-than-half-of-americas-100-richest-people-exploit-special-trusts-to-avoid-estate-taxes

Business Credits

What are Business Credits?

You can take business credits if you pay for certain business expenses. Business credits include:

• Investment credit
• Low-income housing credit
• Passive activity credits
• Disabled access credit
• Credit for employer pension plan start-up costs
• Credit for employer-provided child-care facilities and services
• Indian employment credit
• Credit for increasing research activities
• Orphan drug credit
• New markets credit
• Renewable electricity production credit
• Credit for alcohol used as fuel
• Geothermal energy credit
• Solar energy credit
• Microturbine energy credit
• Advanced coal project ended after August 8, 2005
• Biofuels credit
• Low sulfur diesel fuel production credit
• Nonconventional source fuel credit
• Alternative fuel vehicle refueling property credit
• Distilled spirits credit
• Qualified railroad track maintenance credit
• Mine rescue team training credit
• General credits from an electing large partnership
• General Business Credit carryover

More Information

• IRS Publication 334 - Tax Guide for Small Business Publication 334 is not included in this TurboTax product, you may request a copy.

Seems to indicate that birthdate is optional if you don’t have a US account.

I am surprised the New York Times did not mention the IRS Voluntary Disclosure Program for Offshore Assets. According to the IRS, "voluntary programs have resulted in more than 45,000 voluntary disclosures from individuals who have paid about $6.5 billion in back taxes, interest and penalties." (See IRS June 6, 2014 Press Release available here

There is a good chance that some of the tax-payers tax structures analyzed in preparation for this article came into compliance through it. To make matters worse, the NY Times reported on it numerous times since its first incineration in 2009— with the latest Jan. 10 2012 on page B6, available at — which only makes this passing mention of investigations by the Department of the Treasury that much more disappointing.

AirBnB rental income on rented property.

Multiple forms 8949 impossible to generate in TurboTax: up to 3 may be required for different transaction types.

Capital loss deduction