Sentences with phrase «assume current tax year»

Assume current tax year and that nothing has been filed yet.

Not exact matches

This hypothetical illustration assumes the investor met the holding requirement for long - term capital gains tax rates (longer than one year), the gains were taxed at the current maximum federal rate of 23.8 %, and the loss was not disallowed for tax purposes due to a wash sale, related party sale, or other reason.

For example, this article discusses the possibility of a stay bonus being treated as a non-qualified deferred compensation plan if it pays out more than 2.5 months after the company's tax year end in the year that it triggers; however, that assumes the bonus is paid to a still - current employee, I think.

SELLER»S DUTIES: Seller agrees to cooperate with Broker in the marketing and sale of the property, including but not limited to: If the Property is sold during the period set forth herein, the Seller agrees to execute and deliver a GENERAL WARRANTY DEED conveying fee simple marketable title to the Property, including legal access to a public right of way, free of all encumbrances except ad valorem taxes for the current year, utility easements, rights - of - way, and unviolated restrictive covenants, if any, and those encumbrances that the Buyer agrees to assume in the sales contract.