by Girish Anand | Mar 31, 2009 | Random Musings
Yesterday, we learned that the IRS can conceivably tax even those who returned their bonuses to AIG using the tax law principle of constructive receipt. Today, there comes to light an e-mail sent this past Friday to AIG employees from someone with the screenname of...
by Girish Anand | Mar 30, 2009 | IRS
A tax law doctrine known as “constructive receipt” could put those AIG employees who returned their bonuses in jeopardy of having to pay taxes on them anyway. Goes like this: Constructive receipt prevents people from gaming the system, say by performing...
by Girish Anand | Jan 21, 2009 | Random Musings
The Associated Press recently reported that 600 executives at the banks just bailed out by the U.S. government took in $1.6 billion in salaries, bonuses and perks last year. That comes to about $2.6 million per exec, but we all know that not all execs are created...
