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Apple gets Approval from SEC

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Services for Real Estate Pros with William T. Zumwalt CPA, CTC "The Tax Coach for REALTORS"

Apple and other big corporations like Google and Facebook have long used tax avoidance methods that have moved large amounts of money to foreign banks and companies. Some of the methods have colorful names such as the “Double Irish” and the “Dutch Sandwich”. Well this past week the Securities and Exchange Commission gave their blessing to these tax planning strategies.

Just this past year Apple saved over $9.2 billion in US taxes. Apple started to buy back its own stock and was going to run out of money they had in US banks. If they transferred money from foreign account they would have to pay taxes on this transfer.

So what’s a good tax planning department to do?  How about floating a corporate bond issue that raised money in the US. Then the money raised with the bond issue  could  be used to buy back its stock. And the kicker here is that the interest paid on the bond issue will save another $100 million a year.

Tax Planning – 75 days left in the year to arrange your affairs to save money !!!

Bill Zumwalt
Helping REALTORS with Tax Solutions and Solving Tax Problems for REALTORS
REALTOR Tax Preparation, REALTOR Tax Accountant, Tax Preparation Tulsa, OK
Accountant Tulsa, OK, CPA Tulsa, OK, Tax Prep Tulsa, OK, Tax Savings Tulsa, OK, Tax Accountant Tulsa, OK
The Tax Coach for REALTORS

William T Zumwalt CPA,CTC, PLLC
5416 South Yale Ave
Suite 120
Tulsa, OK 74135
918-583-1040
855-993-3339
Bill@TeamZumwalt.com
www.TeamZumwalt.com