#tax

tax forms were delayed. Shareholders must have their 1099 DIV/B or R to file. This is a critical, highly regulated function. Today, they appeared on the websites, then magically, deliciously disappeared because FIS is a fintech company with cr-ppy tech. They were restored, but why create a reliable reputation with clients now?

Dear Mr. President,

I am reaching out to you today to share with you, my story. I work for The Cigna Group as a programmer. Last month Cigna decided to terminate 100's-1000's of our Doctors, Nurses and talented technology employees - Recently Cigna agreed to pay a 600-700M "charge" and has decided to terminate 7,000-15,500 full time employees and offshore their work investing heavily in a new "Hyderabad Innovation Hub" "HIH located in India. They think terminating and eliminating US workers to pay for David Cordani and Cigna's Executive leaderships poor decisions is acceptable.

Recently I have begun learning AI automation and wanted to share my idea how to protect America's work force from Outsourcing and offshoring our jobs to other countries. I think if you were to post draft of an Executive Order or a new article on TS saying my administration is reviewing options to create a new executive order protecting American Patriots work force, stating if Corporations like Cigna plan to move US workers "jobs" to India or other foreign counties they should plan on paying HUGE new tariff\tax or fee on the US healthcare data that originates in the US to be sent overseas. Expecting US Patriots to train the offshore company to "Transform, Manipulate, Re-Work" the data and then send it back to Cigna (or other corps in the US) to then send to their clients like the NFL, Disney and Amazon - they should plan on paying a new ridiculous amount of money to be allowed to do this. It's not just Cigna it's all corporations are doing this and if we do not take actions to stop it - I predict we will lose Half of the US jobs in the next 3-5 years. It's a Major Threat to the US economy and imagine if we lose half the current federal tax income and Social Security will fail. Imagine half of America unemployed with no work homeless living in the streets - a real AI generated "GREAT DEPRESSION" is on the horizon.

I am not saying it should be illegal for corporations to offshore, but I think if they want to use AI Agents Modules and Tools to replace the American work force, they should have to do it located in the US with either HB1 or US talent. If they move this work offshore to other countries to save money, they should have to pay a huge penalty to do it. I think even if you posted a message on TS that we are looking at that your words would stop companies like Cigna in their tracks from moving forward until they learned more from your administration's policies on it. I would like to see you propose an executive order like "The Great American AI Patriots Jobs Protection ACT" laying out how we are not going to let US corporations outsource Americas data to other countries to re-work it and send it back to the corporations to send to their US clients without penalties.

I would like to see you mention directly if David Cordani (CEO) Brian Evanko (CFO) Kari Stevens (HRVP) this this is a new business model they should sell the Cigna HQ in CT and relocate the HQ to India and stay there. David and the ETL team can sell all their mansions in Simsbury CT and go buy palaces in India.

Please really think this through as I think this will go down as a Major Accomplishment in your legacy and would help the Mid-terms in November and for decades to come in the future. Remembered as first President to protect America's work force from AI development. The day you put a stop to this and standing up to protect the US Patriot work force.

I posted my story TS under my ID "IQ120s" this morning, but the TS admins banned my account for "spamming" under the terms of service section "8".

You might be our only hope, the person with the power to stop this potential AI Great Depression on the horizon and being able to avoid it and save America's work force.

FYI if u have Verizon stock in your 401k and choose to select cash instead of dividend reinvestment it gets treated as regular income when the dividend pays.

Just like this coming Monday.

Even though it’s coming from the 401k.

No penalty and depending how much stock you have can add up.

Just saying

Missouri lawmakers are debating a plan to replace the state income tax. Governor Mike Kehoe's proposal would instead implement increased sales taxes. Voters would decide on this change in November if the bill passes. Supporters believe it will attract businesses and young professionals to Missouri. Critics worry about the financial impact on residents with fixed incomes.

https://www.kctv5.com/2026/01/28/missouri-debates-major-shift-income-tax-sales-tax/

Trump, two sons, Trump Org sue IRS, Treasury for $10 billion over tax records leak!

Are you going to write the check to your Boss’ brats?

My severance ended last May, but I haven't received a W-2 yet. Does anyone know when they are going out this year?

Have they started mailing tax forms yet?

Worked for Wayfair for over 10 years and they have never been this late with W2s. Sick of waiting, anyone else got theirs yet?

Anyone else get theirs? Former employee and haven’t seen mine come in the mail yet.

I just saw my severance lump they took close to 20000 in taxes do we get any of that back

U.S. Government needs the (future) Tax revenue from (New children) born in the U.S.

Since households are having less children over time.

In 2025, it was 1.6 children per household.

1946 - 1964 - Baby boomer generation it was 3.6 children per household.

Inflation expenses.

How does it feel to see the first one hit the account? Between this and the new tax for paid leave in MN we are making less than last year as they tighten the sc--ws and ask for more from us. Time for a new job.

Why come we get many tax taken by gov between fed & state we losing more 1/3 of pay wtf ppl how do we keep from being robbed I need to save it this us bunk, hello?

Currently, the U.S. levies no tax on U.S. firms’ overseas earnings as long as those profits remain overseas. That policy essentially encourages companies to reinvest their profits outside the U.S. And to give companies even more incentive to hire overseas, the Internal Revenue Service allows companies that move factories abroad to deduct from their taxable income the cost of closing their U.S. plants.

So my off payroll date is December 19, but reading the severance agreement and FAQ it looks like I have 45 days to sign the agreement, which means I could sign it in January 2026. So on a cash basis I would think this means the severance payment would be for my 2026 tax year and keep me in a lower tax bracket.

Has anyone else considered this approach? Would any benefit or payments be given up by delaying like this or is the only real drawback just a delay in receiving the severance payment?

did any remote workers get a notice about paying local taxes? If so can somone please explain what is going on please?

The Fed, AI; and the (Real) U.S. economy -

In this U.S. economy.

A spending spree (most likely) will (not) happen.

Lowering Interest rates in a Major Recession (type) of environment for now, but reality mid-2026; which I still project (if current trends continue).

In fact, it takes Fixed Income Interest gains (out) of the U.S. economy.

Won't matter, the Unemployment rate will continue to rise into 2026.

Several factors have (and are) contributing, Trump tariffs; AI, pandemic overstaffing; and High Inflation for the U.S. consumer.

There are positives to AI, but the Negatives are -

Replacement of entry-level white-collar jobs (taking away opportunities) less employees means less Tax revenue paid, and Increasing utility prices (electricity) due to Increased strain on the power grid by AI data centers.

The U.S. National debt (currently) stands at $38.2 Trillion (exponentially rising over time) with Interest paid of $969.0 Billion a year (almost a Trillion a year) by U.S. Taxpayers (not AI) to outside Investors (U.S. based, Japan, China; etc.) who finance it over time.

These are the facts.

Is there any way to get it in multiple payments? I'm asking because of the taxes.

Does anyone know when the severance checks will be sent or direct deposited? I am trying to figure out that if my last day is 12/19 when will the checks or deposit be dated. Will it be dated 12/19/25. Or 4 weeks later so we get paid in January 2026? It’d be better federal tax wise to be paid in 2026, wouldn’t it? I just can’t tell by the wording in the severance documents. I’ll call them tomorrow, but wondered if anyone here had some insight.

Companies that offshore jobs should be taxed heavily. It’s essentially “exporting” jobs oversees. Verizon would have to pay a huge bill on that case.

How is the taxes on the package calculated ? Wont all the money coming the package go into IRS ? Are there ways to protect the person in trouble ?

As the city faces a shortfall, Mayor Lisa Brown unveils a proposed budget that includes at least 20 cut positions and a new tax aimed at stabilizing city finances.

https://www.krem.com/article/news/local/spokane-mayor-proposes-budget-cuts-new-tax/293-deac3673-adf3-4822-84cb-eafcbf4cbe1a

Under certain conditions you are now going to pay taxes on your UNVESTED RSRs. So you don't get sh*t for 4 years, but you get to lose shares due to the FICA taxes on them.

I understand this is IRS law but still.

What does it say about us that when a man steals $100 worth of stuff in a C store he will spend time in jail, but when a man in a suit lies, cheats and steals hundreds of millions of dollars in ill gotten gains and tax breaks funded by the very people he stole from ends up in our government?

i heard they take 50%??????? can we defer this for 2026 as i'll have low income that year

What happened to all the good high paying jobs and growth the company promised when they took all those tax incentives from Suffolk county?

I’m not sure why the original post on this topic was taken down, but I’ve updated the content to align with TheLayoff.com’s posting guidelines. The information below is fact-based and summarized from publicly available corporate and tax principles. Hopefully this version allows for a constructive discussion around Chevron’s ENGINE setup in India and its possible business implications.

⸻

Summary of the Situation

Chevron has invested approximately $1 billion in its Engineering and Innovation Excellence Center (ENGINE) located in Bengaluru, India. While this expansion is intended to improve efficiency and global project collaboration, there may be long-term tax and compliance costs associated with how the operation is structured under Indian law.

The following sections outline general, factual information based on standard international taxation frameworks such as Permanent Establishment (PE) and Transfer Pricing — not internal Chevron data.

⸻

1. Permanent Establishment (PE) and Tax Liability
   • If a foreign company establishes a fixed place of business in India (for example, an engineering or project office), Indian authorities may classify it as a Permanent Establishment (PE).
   • This triggers tax obligations on profits attributed to work performed in India, even if the project serves clients elsewhere.

⸻

1. Profit Attribution
   • Under Indian law, part of a company’s global income can be taxed locally if significant value creation or management occurs in India.
   • For instance, if Australian or U.S. projects are executed by teams in India, India can claim a portion of those profits for taxation.

⸻

1. Taxation of Foreign Subsidiaries
   • Corporate Tax: Subsidiaries or branches in India are taxed on income earned locally, typically around 22% (plus surcharge and cess).
   • Transfer Pricing: Intercompany transactions (e.g., management fees, subcontracting, asset transfers) must follow India’s arm’s-length pricing rules.
   • Withholding Tax: Payments from India to foreign parent entities (royalties, fees, or dividends) may face withholding taxes depending on applicable treaties.

⸻

1. Cross-Border and Expat Implications
   • Projects Managed from India: Even if work supports projects in Australia or the U.S., India can still tax the related income if the work is performed domestically.
   • Foreign Expats in India: Employees from other countries working in India may be taxed under Indian income tax laws based on their residency status.

⸻

1. Estimated Financial Impact (Industry Benchmarks)

Benchmarking studies (e.g., from KPMG and EY) indicate potential cost impacts in several areas:
• Transfer Pricing Adjustments: 5–15% increase in taxable income due to stricter cost scrutiny (e.g., management fees, FX losses, share-based pay).
• Profit Attribution: 15–25% of global project profits could be attributed to India for high-value engineering or design work.
• Compliance Costs: Ongoing regulatory, IT, and operational costs may total $2M–$5M annually depending on scale.

Five-Year Projection (2025–2030):
• Transfer Pricing Adjustments: estimated at $10 million to $20 million per year, totaling $50 million to $100 million over five years.
• Profit Attribution Tax Impact: estimated at $15 million to $30 million per year, totaling $75 million to $150 million over five years.
• Compliance and Administrative Costs: estimated at $2 million to $5 million per year, totaling $10 million to $25 million over five years.
• Total Global Business Unit Cost: approximately $27 million to $55 million per year, or $135 million to $275 million over a five-year period across all Chevron business units utilizing the Indian center.

⸻

1. Strategic Considerations

While India offers substantial cost and talent advantages, aggressive profit attribution and tax compliance requirements could partially offset those savings. This highlights a broader issue many multinationals face when expanding shared services or engineering hubs abroad.

⸻

Sources:
• Indian Income Tax Act and Transfer Pricing Rules
• OECD Guidelines on Permanent Establishments
• Public benchmarking data from KPMG and EY

⸻

Would be interested to hear others’ perspectives on how these kinds of global engineering consolidations impact overall efficiency and cost management across Chevron’s business units.

H1-B holders are disappearing

Next trip is heavily tax and higher tariff on companies hiring on offshore operations.

Analysis By NAN Business Editor
News Americas, Georgetown, Guyana, Tues. Oct. 14, 2025: ExxonMobil’s Guyana President, Alistair Routledge on Monday claimed the company is “still operating in the red to the tune of around US$6 billion” in Guyana, as he retorted over to a question by three U.S. senators on the company’s tax breaks. So which number is closer to reality: $6 billion or $3.4 billion in losses?

What Routledge Said
Speaking at Exxon’s Ogle, East Coast Demerara headquarters, Routledge told reporters that the NGO Oil and Gas Governance Network, (OGGN) may have misled U.S. senators about the company’s tax filings. He said that ExxonMobil Guyana is still operating with a negative cash flow of around six billion US dollars.

“We continue to be actually cash flow negative on an accumulative basis… we are probably still around six billion US dollars in negative cash flow as we look at the cumulative expenditures and cumulative revenues that we’ve seen from the Stabroek Block,” he told reporters.

Routledge asserted that in ExxonMobil Corporation’s 2023 and 2024 tax filings, there were no Guyanese tax credits included in either of those filings, “and you would recall that prior to 2023, we were not making profits here in Guyana, so there were no tax credits from that. Up until this point, there have been no Guyana tax credits used by ExxonMobil.”

The Alternative Figure: $3.4 Billion
But Exxon’s own Guyana website identifies a different figure: US$3.4 billion in red ink — even while acknowledging an accounting profit in 2024. According to Exxon’s 2024 financials:

Gross production rose sharply with the Prosperity FPSO, boosting revenue for all partners

Despite posting an accounting profit, the company said it remains “in the red” by US$3.4 billion

Exxon and its co-venturers have invested a cumulative US$55 billion in Guyana to date.

This divergence begs the question: how can a company be both profitable on paper and yet claim to be billions in losses?

The Contractual Context
Under the 2016 Production Sharing Agreement (PSA), Exxon’s Guyana deal allows it to recover up to 75% of its share of oil revenue for cost recovery before profit payments begin. In practice, this means a large portion of early revenue goes to recovering the developer’s costs- capital, exploration, infrastructure – leaving little net profit early on.

Furthermore, financials for 2024 show:

Operating expenditures of GYD 477.6 billion

Depreciation/amortization at GYD 301.8 billion

Exploration, production, royalties also eat into margins

These mechanics help explain how Exxon could legitimately claim negative cash flow despite strong revenues.

Why It Matters for Guyana
The optics of a $6B loss vs $3.4B matters deeply for public trust, fiscal policy, and future licensing. Guyana has collected over US$6.2 billion in oil profits and royalties since 2020 – so when Exxon claims it’s in the red, critics say the narrative raises concerns about transparency and fairness. If Exxon can delay or reduce profit sharing through cost recovery claims, that changes the magnitude and timing of what Guyana as a partner actually realizes.

Bottom Line
Both $6 billion and $3.4 billion claims could contain grains of truth, depending on accounting methods, timing, amortization and recovery policies.
Routledge emphasized cash flow negativity and absence of Guyanese tax credits in filings.

Exxon’s public data insists on a lower loss figure despite profits.

The discrepancy boils down to methodology, timing, and cost recovery mechanics.
So, while the $6B figure commands headlines, the $3.4B estimate rooted in Exxon’s own reporting asks where did the almost three additional billion come from?. It’s really a question of how loss and profit are really defined.

https://www.newsamericasnow.com/exxonmobil-guyana-loss-vs-profit-2025/

I guess I was a sleep at the wheel and misssed this announcement. Did anyone hear from Oxy about the new rules for the catchup portion of our 401K. It looks like you might still be able to add to a Roth, but I used the pre-tax catachup for years now since I am older and could use it. I guess the govt needs more upfront tax dollars. This is an extra 2K a year I will be paying in taxes. Glad I am retiring in 2026.

https://www.foxbusiness.com/economy/some-americans-lose-popular-401k-tax-break-major-retirement-rule-change-starting-2026

Exxon Mobil will postpone its plans for a large new plastics production plant on the Gulf Coast of Texas, according to the company. Construction initially was planned to begin next year on the $10 billion facility in rural Calhoun County.

"Based on current market conditions, we are going to slow the pace of our development for the Coastal Plain Venture," Exxon said in an emailed statement. "We're confident in our growth strategy, and we remain interested in a potential project along the US Gulf Coast and in other regions around the world."

Six weeks prior, a county district court judge invalidated the local school board's decision to negotiate a tax break agreement with Exxon, following a lawsuit from Diane Wilson, 77, and her group, San Antonio Bay Estuarine Waterkeeper.

On Aug. 19, the judge ordered the school board to redo its public hearing on Exxon's tax break after Wilson alleged the district provided inadequate notice of the meeting in "a deliberate attempt to avoid public opposition." Wilson, an internationally known environmental advocate, promised to bring a large audience for the repeat hearing.

"I think it definitely played into it," Wilson said of Exxon's pause. "I think if everybody had just rolled over for them, if they got exactly what they wanted and there wasn't a big fight, there would be no delay."

Exxon, which reported nearly $34 billion in profits in 2024, was seeking a 50% reduction in its property taxes to the rural Calhoun County Independent School District for 10 years, beginning in 2031, when the project would come online.

Plans called for the world-scale plastics plant to produce up to 3 million tons per year of polyethylene pellets for export, primarily to Asia, according to Exxon's December 2024 tax abatement application.

John Titas, president of the Victoria Economic Development Corp. in nearby Victoria, said he didn't think Exxon's decision was related to the tax break fight.

"I think they've been very thankful for the support they received in the community," he said. "It's economics. To justify an investment of that magnitude, you've got to make sure the market will provide a return."

In Exxon's latest statement, first reported last week by Independent Commodity Intelligence Services, an industry news service, the company maintained the possibility of resuming the project in the future. "We're maintaining good relationships with community leaders and contractors, so we are ready to reevaluate the project's status when market conditions improve," it said.

Exxon didn't specify which market conditions would need to change. Most projections forecast strong growth in plastics demand over coming years.

The economic intelligence firm Precedence Research expects markets for polyethylene, which the Exxon plant would produce, to grow 64% between 2024 and 2034, according to a June 2025 assessment. Another firm, Expert Market Research, expects overall plastics markets to grow 51% in that time. According to the Plastics Industry Association, "The global plastics industry continues to accelerate, backed by strong demand."

Wilson said the project's delay marked the best news she'd heard since 2019, when she found out that her lawsuit against another nearby petrochemical giant, Formosa Plastics, would end with a settlement worth more than $100 million in penalty payouts, facility upgrades and cleanup projects.

A retired shrimper and mother of five, Wilson learned her tactics of resistance over decades of radical activism in defense of Texas' coastal bays, where four generations of her family have fished for a living. In 2023 she received the Goldman Environmental Prize, the leading global award for environmental activism.

As soon as she heard about the new Exxon project, in December 2024, she said she leapt into action, involving herself in the various public processes she's come to know about, including the school district tax break agreements.

"How a community reacts is extremely important and it's extremely important that you do it in the beginning," she said. "Move fast and don't let up."

This report is published in partnership with Inside Climate News, a nonprofit, independent news organization that covers climate, energy and the environment.

https://www.msn.com/en-us/money/companies/exxon-stepping-back-from-texas-gulf-coast-plastics-plant/

If you need tax loss harvesting. Now's the time to sell Appian. I really don't see this stock going anywhere in 2026.

Minnesota is no longer the state it was. Watch the documentary “A precarious state MN” on YouTube. Why not move corporate headquarters out of Minnesota to a more tax friendly state? Save on corporate taxes, vs laying off workers . Employee survey is coming up. Not sure that the people living in MN would suggest this, but it seems like a great alternative. Bonus, if they moved headquarters out of MN that would allow those staying in MN to work remotely. Just a thought. I am so sick and tired of seeing good people let go.

Something I learned recently is that a big reason banks want people back in the office has less to do with culture and more to do with money. Cities and states give companies tax breaks or abatements if they keep a certain number of jobs physically located in offices. If too many people are remote , the company risks losing those incentives, facing higher taxes in multiple places, or even having an abatement revoked if they don’t meet the headcount requirement.

I’m not saying I agree with it. I’m just the messenger here.

Local governments also want people in offices because it fuels the economy—restaurants, transit, parking, all of it. When offices are empty, that revenue drops, and the city is less willing to hand out big tax breaks.

So a lot of the return-to-office push is really tied to protecting tax agreements and the economic impact that comes from offices being filled.

In Canada want to allow companies like Imperial Oil to port jobs to BTC and KLTC, then Canada needs to provide social safety net that will help us maintain our lifestyle.

So, basically, I am saying Canada needs to tax companies that are porting jobs outside the country and use those dollars for a better social safety net.

If you calculate the tax rate, it will be so high that no company will be willing to port jobs overseas anymore.

Readers to this website, asking your help to spread this message. We need to pass a Canadian law that ported jobs will have to be taxed by the hour.

Mayor Kim Lund’s proposed 2026 budget cuts the equivalent of 30 full-time jobs, trims city services and urges the City Council to enact a new sales tax for public safety in an attempt to reduce a projected $10 million deficit. In all, the $543 million spending plan eliminates 40 total positions, many of which are vacant already as officials saw a fiscal crisis looming earlier this year, according to Lund’s budget message to the City Council on Monday.

https://www.bellinghamherald.com/news/politics-government/article312316202.html

$60 Billion revenue.
$40 Million CEO income.

Federal Taxes:
2023: 308 million (on ~60 Billion revenue)
2022: 50 million
2021: -169 million (negative tax)
2020: -723 million (negative tax)

Does anyone know more about this? Thanks!

US OPT tax push coincides with 25% outsourcing penalty on US companies

https://x.com/FinancialXpress/status/1969728070962540590

US lawmakers have proposed taxing international students’ earnings from the Optional Practical Training (OPT) program. Foreign students in the US working for American firms under the OPT program are currently exempt from Social Security and Medicare taxes.

This is in addition to the HIRE ACT.

The HIRE ACT still stuck in congress?

I didn't know that Senator Kiristen Gillibrand attempted something similar in 2020:

https://spectrumlocalnews.com/nys/central-ny/politics/2020/03/06/kirsten-gillibrand-visits-utica-to-talk-about--end-outsourcing-act--

US OPT tax push coincides with 25% outsourcing penalty on US companies

The Trump administration immigration policies in 2025 are set to make study visas tougher for international students and introduce new tax rules that impact the Optional Practical Training program.

US lawmakers have proposed taxing international students’ earnings from the Optional Practical Training (OPT) program. Foreign students in the US working for American firms under the OPT program are currently exempt from Social Security and Medicare taxes.

https://www.financialexpress.com/business/investing-abroad-us-immigration-reforms-put-opt-tax-burden-on-foreign-students-25-tax-on-us-companies-for-outsourcing-jobs-3984525/

Also:

Is the Hire Act stuck in congress?

Does anyone know more?