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US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation
US To Tighten Rule Regarding Nonprofits Paying Excessive Executive Compensation
Authored by Naveen Athrappully via The Epoch Times,
The Internal Revenue Service (IRS) and the Department of the Treasury issued a notice on Friday, announcing their plan to issue proposed regulation concerning taxation on high compensation paid by tax-exempt organizations to employees.
The notice relates to excessive compensation and excess parachute payments, the IRS said in a June 5 statement. Parachute payments are made to key employees when they are terminated or when the business undergoes a merger or acquisition. An excess...
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Apr 23, 2026 / Tyler Durden
American Airline Cuts Outlook After Jet Fuel Shock Bill
American Airline Cuts Outlook After Jet Fuel Shock Bill
American Airlines slashed its full-year outlook on Thursday morning, warning it could post a loss in 2026 as the Iran-U.S. war, which sent jet fuel prices soaring, adds roughly $4 billion in fuel costs.
The airline now expects full-year results ranging from a 40-cent loss to a $1.10 profit, down from its earlier forecast of $1.10 to $2.70 in earnings per share.
"Based on the forward fuel curve and the current revenue outlook, the midpoint of the full-year guidance is expected to...
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May 22, 2026 / Andrew P. Napolitano
Do We Still Have a Constitution?
This week, President Donald Trump announced that he plans to give away tax dollars without congressional or judicial authorization to his friends and allies whom he believes were mistreated by the Biden administration. Can he legally do that? Here is the backstory. During the last year of his first term in office, Trump’s tax returns were stolen along with those of […]
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Jun 8, 2026 / Tyler Durden
529-To-Roth IRA Rollover Rules In 2026: Five Questions That Help Determine Whether You Qualify
529-To-Roth IRA Rollover Rules In 2026: Five Questions That Help Determine Whether You Qualify
Authored by Adam H. Douglas via The Epoch Times,
After funding a 529 college savings account for years, you realize there is money left over. Maybe your grandchild graduated early, earned a scholarship that covered more than expected, or decided college was not for them [ZH: or maybe your grandkid is an ungrateful little shit] . A federal rule now lets you move that leftover balance into a Roth IRA, tax-free. It may sound too good to...
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