Tag: York

Trump paid his daughter Ivanka $747,622 for ‘consulting,’ then deducted it from his taxes, according to a New York Times investigation



Donald Trump, Ivanka Trump are posing for a picture: President Donald Trump appeared to pay his eldest daughter, Ivanka Trump, more than $700,000 in "consulting fees" related to hotel deals she was already responsible for, The New York Times found. Drew Angerer/Getty Images


© Drew Angerer/Getty Images
President Donald Trump appeared to pay his eldest daughter, Ivanka Trump, more than $700,000 in “consulting fees” related to hotel deals she was already responsible for, The New York Times found. Drew Angerer/Getty Images

  • A New York Times investigation into President Donald Trump’s tax filings found that from 2010 to 2018, Trump wrote off about $26 million in unexplained consulting fees.
  • Among them was $747,622 written off by the Trump Organization, the same amount his daughter Ivanka Trump reported receiving in consulting fees, according to The Times.
  • The payment appeared to be related to managing hotel deals that were already part of her job, according to the newspaper. Reporters matched the number to one his daughter disclosed when she joined the White House in 2017.
  • Visit Insider’s homepage for more stories.

President Donald Trump once appeared to pay his eldest daughter, Ivanka Trump, $747,622 in “consulting

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Rent-Stabilized Apartments Sit Empty in New York City

Landlord groups say limits on what landlords can be reimbursed for renovations has caused vacancy to rise. (Illustration by The Real Deal)

Landlord groups say limits on what landlords can be reimbursed for renovations has caused vacancy to rise. (Illustration by The Real Deal)

Sharon Redhead, a second-generation landlord in East Flatbush, is having second thoughts about continuing the family business.

She blames not Covid, but the state’s rent law.

Redhead’s father immigrated to New York from the Caribbean in the 1970s and bought buildings out of tax foreclosure. Her family eventually accumulated 100 apartments — many of them rent-stabilized — and landlord-friendly regulations helped keep them profitable.

When units were vacated, Redhead made upgrades, such as installing modern appliances, to attract tenants willing to pay more than the $850 per month that her unrenovated rent-stabilized apartments fetched.

It was good business: Before the rent law was changed last year, she could raise rents to cover renovation costs and improve her family’s assets at the same time. Market-rate apartments in her part

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New York Times Report Alleges Ivanka Trump Received Huge Consulting Fees From Dad’s Company

KEY POINTS

  • Tax documents acquired by the New York Times show that an unnamed consultant received a fifth of the profits from many Trump Organization projects as tax-deductible fees
  • Public financial disclosures show that Ivanka Trump received payments exactly matching the fees. People involved with the projects have no recollection of any outside contractors
  • A similar 2011 case brought by the IRS against a firm dodging taxes by funneling money through their own contracting companies was decided in favor of the IRS

Among the many dubious dealings alleged by a New York Times report on Donald Trump’s tax returns is funneling millions in consulting fees to his daughter Ivanka Trump,  passing down his wealth while writing it off as an expense to avoid paying taxes on the gift.

The action would mirror the transfer of wealth to Donald Trump from his father, Fred Trump, which a separate Times investigation alleged

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Get a look at the current fantasy outlook for the Indianapolis Colts in their Week 3 matchup against the New York Jets

» FantasyPros Week 2 Position Rank: Hilton WR22, Pittman Jr. WR56

» Jets vs. WRs: 15th (20.9 FPPG)

When Grandma gets involved, you know it’s serious business. The veteran Hilton has struggled at a couple crucial junctures the first two weeks of the season — he had a couple big drops as the Colts tried to tie the game on their final drive Week 1 against the Jacksonville Jaguars, and then couldn’t hang on (thanks mostly to the sun) when he broke wide open over the top for a would-be long touchdown pass from Philip Rivers last week against the Minnesota Vikings — and on Monday, Hilton’s grandmother, Pinkie, called from Florida to let him know she could tell he wasn’t being himself of late. Hilton told reporters this week that’s all the motivation he needs and that he’s officially out of his funk. So what does that mean from

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OnDeck’s “All In” Supporting Small Businesses in New York

NEW YORK, Sept. 23, 2020 /PRNewswire/ — OnDeck® (NYSE: ONDK), a leader in online small business lending, today announced it has surpassed $1 billion in financing to small businesses across the State of New York. Small businesses are the lifeblood of the American economy and have an enormous impact and influence on the communities in which they reside. This significant milestone demonstrates OnDeck’s commitment to supporting thousands of small businesses statewide over the past 14 years.

As a New York City (NYC)-headquartered company, OnDeck makes this announcement in partnership with the New York City’s Economic Development Corporation’s (EDC) All In NYC Campaign. All In NYC is designed to remind the world of the spirit of New Yorkers and small business owners. During the two-week campaign, participating companies are highlighting how significant NYC small businesses are to the wellbeing of the city.

Since 2007, OnDeck has lent nearly $500

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Protesters speak ‘inclusion’ and ‘diversity’ to Central York board

CLOSE

William Johnson was one of several Central York graduates to speak at a protest Monday night.

York Daily Record

Palleh Toe watched as two of her three children graduated from Central York High School and Pennsylvania colleges.

Her third child is in fifth grade, and the Liberia native is worried. She’s concerned her son won’t get the same kind of diverse education as his siblings.

Toe has lived in the United States since 1983. She has a master’s degree in business education and has served on Central’s diversity committee for 10 years.

She and approximately 100 others protested late Monday afternoon before Central’s school board met in the educational center across the street. She joined district teachers, graduates, current students, other parents and community members in voicing dissatisfaction with two of the board members who spoke out against the district’s proposal to adopt an anti-racist curriculum.

The new curriculum

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New York City Recovery Index: Week of September 14

Editor’s note: Below you’ll find the week 8 release of the NYC Recovery Index, originally published Sep 14, 2020. Visit the NYC Recovery index homepage for the latest data.

50.9

The latest reading of the New York City Recovery Index out of a possible score of 100.

New York City’s economic recovery looks a little different as we are now including real estate transactions as part of our revised methodology tracking the city’s return to normalcy. We have replaced the small business index applications data with pending real estate sales for the first time since we began creating the recovery index. We made this change because real estate is a significant indicator of economic confidence, and a new partnership with StreetEasy has allowed us weekly access to home sales data. We have also decided to retire new DCWP business licenses. While small businesses are an undeniable part of New York’s

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Fire Gase Now? It May Sound Good To Fans, But That’s Not How The New York Jets Have Done Business

Two games, two disasters for the New York Jets. Some observations, including from a monetary angle, on what is going wrong and on what can and cannot (and what most likely will not) be done to try to fix what already seems like a lost season before the calendar even has flipped to October. 

Fire Gase? Don’t count on it. It sounds nice and it makes for good headlines and memes, but it’s doubtful that Gase is going anywhere unless the carcass starts to stink so much that acting owner Christopher Johnson no longer can avoid the stench. Remember, he hired Gase in January 2019, despite Gase’s flameout in Miami, because of a glowing recommendation from All-World quarterback and All-World pitchman Peyton Manning, and just last week

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Mastercard Encouraging Staff to Begin Return to New York Offices

(Bloomberg) — Mastercard Inc. is encouraging its staff to begin returning to its New York-area offices, joining other large employers seeking to bring workers back after months at home.



Mastercard Inc. credit and debit cards are arranged for a photograph in Arlington, Virginia, U.S. on Monday, April 29, 2019. Mastercard Inc. is scheduled to release earnings figures on April 30.


© Bloomberg
Mastercard Inc. credit and debit cards are arranged for a photograph in Arlington, Virginia, U.S. on Monday, April 29, 2019. Mastercard Inc. is scheduled to release earnings figures on April 30.

Mastercard’s work spaces have been reconfigured to allow for social distancing, and the company is performing temperature checks and providing contact-tracing services, Seth Eisen, a spokesman for the company, said in an email. Corporate culture and the process of bringing new employees on board benefit from face-to-face interactions, he said.

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“Finding the right way to reach that end-stage is what we are doing by encouraging our people to come back to office, with appropriate precautions, so that we can keep our business moving forward,” Eisen said.

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Reopen New York City: Small business owners rally in support of lease relief bill

LOWER MANHATTAN, New York City (WABC) — Small business owners held a rally with elected officials in Lower Manhattan Tuesday in support of the recently proposed Small Business Recovery Lease program.

Sponsored by Senator Brian Kavanagh, Assemblymember Yuh-line Niou, and Councilmembers Brad Lander and Keith Powers, the proposal would help relieve small businesses from crushing rent bills by providing a property tax incentive to landlords who enter into recovery leases that address past-due rent and cap future rent increases.

The COVID-19 Small Business Recovery Lease Act is designed to entice commercial landlords to renegotiate leases and offer long-term, affordable rents to small business owners in an effort to revitalize the small business sector as it seeks to recover from the economic damage caused by COVID-19.

Rent is among the top issues for struggling small businesses after months of closures, and the New York Hospitality Alliance found in a recent survey

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