Arts & Culture

  1. home
  2. blog
  3. Arts & Culture
How Oscar Celebs Can Cope With Taxes On ‘Swag Bags’: Tips For You Too

How Oscar Celebs Can Cope With Taxes On ‘Swag Bags’: Tips For You Too

February 25, 2017 Scott ,

Narelle Mackenzie was a contributor to this recent Investor’s Business Daily article about the the tax pitfalls Hollywood’s A-listers face when receiving Oscar night swag-bags. The February 2017 article explored some of tax questions that might concern recipients of these gifts which could be valued up to $200,000 or more. Narelle provided some insights into how celebrities could manage their tax burden when receiving one of these pricy gifts.

Read the full article here.

ScottHow Oscar Celebs Can Cope With Taxes On ‘Swag Bags’: Tips For You Too

Connect with Narelle

1 (619) 294-9110
Narelle@NarelleMacKenzieCPA.com
Skype: narelle.mackenzie.cpa

Success Stories

Tax Savings of $750 Million. Contract Review resulted in indirect tax savings of $750 million over the life of the contract by utilizing exemptions, certificates, and where that was not possible, changing the Importer of Record to a related party.

Global Tax Savings of $20 Million. Tax savings accomplished through structured placement of assets that was tax free for US tax purposes but provided a step-up in basis for foreign country purposes.

Reduction of Taxes to $0. Identified a solution for a US joint venture with a US partner and a foreign partner, operating in a third country, which reduced US taxes for the foreign partner, on the foreign operation, to zero.