The word
"exempt" means not having to follow a particular rule, requirement, or obligation that others have to follow.
Full definition
On the other hand, «gross income» refers to all income that you received in the form of money, goods, property, and services that is not
exempt from tax.
The interest earned from these bonds are
tax exempt from federal income tax.
This will again make maturity proceeds (from the entire plan)
not exempt from tax.
Any individual or agency paying for services with federal funds is eligible for tax
exempt status for NC State sales tax.
The tax -
exempt bond market is the most popular sector for individuals investors interested in the bond market.
A tax report from the mutual fund company or your broker providing additional information, such as the portion
of exempt interest that comes from different states.
There are some people who are considered «judgment proof» because everything they have is
exempt under state law.
For 35 years, seniors have been able to claim the first $ 20,000 of pension or retirement income as
exempt income.
A national focus on tax planning and compliance
for exempt organizations.
Second, as a non-profit organization, the property could be classified
as exempt from real estate taxes which made the deal financially feasible....
Those buying groceries with food stamps are
also exempt from paying the fee.
The debtor claims property as
exempt in the schedules that are filed to initiate the case.
In some cases, such as
exempt market investments, it may not be possible to sell the investment at all.
Return of capital distributions don't come from
exempt interest or from any other type of earnings.
You might also have to give up some of your assets if they're not
exempt by your state's bankruptcy law.
What we do know is that the issue of a salary cap for
exempt employees is not dead.
In many cases, you can only
exempt property in a category up to a certain value.
The actual text of the statute regarding accounts with direct deposits of
exempt funds refers to the «judgment debtor's account», singular.
Changes the earnings test for beneficiaries age 65 and over so that $ 1 in benefits will be withheld for each $ 3 of earnings above the annual
exempt amount, beginning in 1990.
As for tax
exempt municipal bonds, wrote the end of that arrangement could hamper the ability of investors to purchase them, which in turn would lead to a lack of infrastructure investment.
After all, tax -
exempt entities don't benefit from the tax advantages of life insurance.
You are only
exempt if the tenant causes an infestation by himself or herself.
And most state animal cruelty
laws exempt animals used in research and raised for food.
Platinum sold investors $ 25,000 or $ 50,000 partnership units in those holdings as
exempt securities, without a prospectus.
As an educational institution, the college
made exempt supplies for the purpose of VAT.
We recommended that they visit with a good estate planning / asset protection attorney, but also to move part of a non
exempt asset into life insurance.
It's
only exempt when sold with the home that is your main residence.
Some businesses that provide credit are
currently exempt from licensing, such as retail stores and car yards.
Many of those schools in the fee - paying sector are registered or
exempt charities and enjoy significant tax advantages over their commercial rivals.
In addition, a half - dozen
other exempt employees — those who can be hired and fired at will — have taken vacant civil service positions.
There are also other safe options for your cash, such as tax
exempt money market funds, certificates of deposit and money market savings accounts.
If you are a registered tax -
exempt nonprofit animal charity and enjoy creativity and fun, get in touch with us!
Another funding - fee -
exempt group are spouses of veterans who died while on duty or from a disability connected to their service.
The church has managed to remain tax
exempt because governments don't have much to gain from fighting the idea.
Most of this «dark money» flows through tax -
exempt non-profit organizations that aren't required to disclose their donors.
Yet they
remain exempt from many of the performance and safety standards we put on public schools — even after studies showing lackluster performance and news reports of questionable uses of public funds.
Upon your death, the business passes to the trust beneficiary, which must be a tax -
exempt charitable institution.
However, once a spouse makes an assignment into bankruptcy, that spouse's RRSP's
become exempt property.
However, this only applies to loans that have been provided by the government, a tax -
exempt public company or a school with programs to benefit underserved areas.
The entire premium is treated as a tax -
exempt company expense and the death benefit is paid to the company and is taxed at corporate tax rates.
Meanwhile, he kept personal assets that would be
considered exempt from property division in court (like inheritance money) out of the family pot.