"Tax implications" refers to the potential impact or consequences that taxes can have on a certain situation or decision. It involves considering how taxes may affect your finances, such as the amount of money you owe or the deductions you can claim.
Full definition
From the onset, you will want to be aware of
tax implications of the real estate investment properties.
First, student loan forgiveness tied to an income - driven repayment plan has certain
tax implications for borrowers.
I'd only add one thing to the decide part — when you make a business plan, make sure you think
about tax implications.
Regardless of how you use your life insurance to support your favorite non-profit, be sure to ask your tax professional about the
income tax implications of your possible life insurance gift.
These accounts come with serious
tax implications if not setup correctly (and huge benefits if setup correctly), and they may also require different types of paperwork.
While you should never sell an investment for the sole reason of lowering your taxes, you should keep
tax implications in mind when making trades.
If you enjoy the idea of participating in a variety of investment opportunities, variable life insurance lets you do so
without tax implications.
Check for
tax implications at all three stages of policy life cycle — investment, accumulation, and maturity.
Speak with an accountant or a retirement planner to help you understand the immediate
tax implications from early withdrawals as well as the long - term capital accumulation and retirement funding impact.
Regular dividends are classified as either qualified or ordinary, each with
different tax implications that impact an investor's net return.
The first is on an immediate cash - flow basis:
including tax implications, would you be paying less month by month after refinancing than before?
However, if you name your estate as beneficiary, or buy a policy as a third party, there may be
possible tax implications at both the state and federal levels.
The below image lists all the assets that are likely to invest in and have capital
gains tax implication.
Should cash value be withdrawn instead of borrowed, the policyholder
faces tax implications on any realized earnings.
First off, did you know that if you own personal use real estate through a corporation — like your cottage — there are
personal tax implications?
But is this legal and are the
only tax implications just a capital gain on two separate occasions within that period... taxed on the usual 50 % of your gain?
, the board has already administered a costly voter survey, discussed
parcel tax implications at recent board meetings, and all but invited the union to dream of an even bigger raise.
They may not realize all of the
current tax implications and future scholarship and financial aid implications of doing this.
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