Sentences with phrase «tax act in some cases»

Not exact matches

Under the Affordable Care Act, the exchanges perform a vital role, determining whether consumers are eligible for premium tax credits, which, in most cases, are paid directly by the Treasury to insurance companies on their behalf.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

Most likely that would come from taxes on those who were also working, which would erase any benefit that they got and act as a disincentive for many to work (opponents to the UBI in Switzerland made that case, suggesting it would lead to a flat out shortage of workers).

«In the case of 401 (k) plans and other retirement accounts, fiduciaries are tasked with acting in the best interests of the plan participants,» says Kim Saunders, executive editor with the Tax & Accounting business of Thomson ReuterIn the case of 401 (k) plans and other retirement accounts, fiduciaries are tasked with acting in the best interests of the plan participants,» says Kim Saunders, executive editor with the Tax & Accounting business of Thomson Reuterin the best interests of the plan participants,» says Kim Saunders, executive editor with the Tax & Accounting business of Thomson Reuters.

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

The governor has been sabre - rattling for some time about calling the Legislature back to Albany between the primary and general elections in hopes of getting lawmaker to act (in some cases yet again) on his property tax cap proposal.

«Silver's case is factually almost nothing like McDonnell; there is no question that Silver took a number of official acts — most obviously, passing legislation and approving state grants and tax - exempt financing — as part of a quid pro quo in the Mesothelioma and Real Estate Schemes,» Judge Caproni wrote.

The judge in the case noted that Silver took a «number of official acts — most obviously passing legislation and approving state grants and tax - exempt financing — as part of a quid pro quo, but there remained a «substantial question» on whether the court's jury instructions were valid in light of the McDonnell ruling.

Supporters for both the DREAM Act and the education tax credit made their case at the Capitol on Monday — a push that comes as both measures are intertwined together in Gov. Andrew Cuomo's state budget proposal.

In case you missed it, we have a brand - new Federal income tax law which commenced on January 1, 2018, called the «Tax Cuts and Jobs Act of 2017 tax law which commenced on January 1, 2018, called the «Tax Cuts and Jobs Act of 2017 Tax Cuts and Jobs Act of 2017 ``.

The lender could be reporting that they did not collect on the debt in which case you probably do not owe any Federal taxes under the debt relief act.

Conclusion «The Mumbai bench of Income - tax Appellate Tribunal (the Tribunal) in this case held that US federal tax and state tax paid in respect of income earned overseas are not deductible as expenditure incurred for earning income under section 37 of the Income - tax Act, 1961 (the Act).

Whether acting in a competition case, a challenge to telecommunications regulation, a corporate tax dispute or an important matter of civil liberties, Monckton is able to offer a range of market leading practitioners, at all levels of seniority, dedicated to assisting clients, whether individuals, regulatory bodies or companies, to ensure that their rights are upheld and their interests protected.

The Act is also often cited in tax cases brought against HMRC.

Trustees contemplating action pre-5 April 2008 will in many cases also have to consider how to take advantage of the current more benign CGT rules for non-domiciliaries without triggering CGT liability for beneficiaries who are both resident and domiciled in the UK and the need to analyse the trust's income records to ensure that all retained income (as well as gains which may give rise to liability in the future) is fully distributed — the catch being that distributions to UK resident beneficiaries always draw down relevant income under the Income Tax Act 2007, s 732 regime in priority to gains under TCGA 1992, s 87.

Spouses are related parties as defined by the Income Tax Act, so in cases like these they are permitted to divide the corporation into two corporations by way of what is called a «butterfly» reorganization.

A case commonly cited on this issue is British Columbia v Henfrey Samson Belair Ltd. (1989), 59 DLR (4th) 726 (SCC)(«Samson»), where the Court determined that if the property deemed to be in trust by the province under the Social Service Tax Act (RSBC 1979, c 388) formed a true trust at common law, then the property would be exempt from distribution, thereby affirming the provision in the BIA.

No changes to the inheritance tax treatment of pension schemes are expected this year in the Finance Act 2017 or the Pension Schemes Bill 2017, but we can expect developments to continue in the longer term, and given the complex nature of this area we may see further test cases such as this in the courts.

Another income tax statute in 1894 was overturned in Pollock v. Farmers» Loan & Trust Co. in 1895, where the Supreme Court held that income taxes on income from property, such as rent income, interest income, and dividend income (however excepting income taxes on income from «occupations and labor» if only for the reason of not having been challenged in the case, «We have considered the act only in respect of the tax on income derived from real estate, and from invested personal property») were to be treated as direct taxes.

Jeff Pniowsky, a Tax Dispute Resolution Lawyer with Thompson Dorfman Sweatman LLP, a Winnipeg based law firm, successfully acted on behalf of the intervenor, Assembly of Manitoba Chiefs in the Supreme Court of Canada (SCC) cases of Bastien and Dube (2)-- dealing with tax exemption related to property and interest income on Indian reservTax Dispute Resolution Lawyer with Thompson Dorfman Sweatman LLP, a Winnipeg based law firm, successfully acted on behalf of the intervenor, Assembly of Manitoba Chiefs in the Supreme Court of Canada (SCC) cases of Bastien and Dube (2)-- dealing with tax exemption related to property and interest income on Indian reservtax exemption related to property and interest income on Indian reserves.

When does limitation begin to run for negligent acts in cases involving tax, and how have the rules of the Limitation Act 1980 been interpreted?

Osborn acted as the agent, or officer, of the state of Ohio, in collecting from the bank, under an act of the state, a tax or penalty unconstitutionally imposed; and if, in such a case, jurisdiction could be sustained against the agent of the state, why can it not be sustained against a corporation, acting as agent, under an unconstitutional act of Massachusetts, in collecting tolls which belong to the plaintiffs?

A requirement under the federal Income Tax Act constitutes a seizure within the meaning of s. 8 of the Charter; the seizures made in this case are unreasonable and are contrary to that section, because the requirement scheme and the exception for accounting records do not provide adequate protection for the professional secrecy of notaries and lawyers.

Administrative law — Judicial review — Municipal law — Taxation — Real property tax — Payments made by Federal Crown in lieu of real property tax — Assessed value of Halifax Citadel — Whether the Federal Court of Appeal erred in holding that the Minister is unconstrained by the assessed value of the property determined by the assessment authority in determining the property value of a federal property for purposes of the PILT Act — Whether the Federal Court of Appeal erred in holding that the Minister acted reasonably in determining the property value of the Halifax Citadel lands (adopting the determination of the Dispute Advisory Panel appointed under the Act), and in particular in valuing the portion of the lands upon which are located improvements which are exempt from payments in lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M Taxes Act, R.S.C. 1985, c. M - 13.

Criminal Finances Act 2017 - failure to prevent the facilitation of tax evasion FW partner James Carlton quoted in Reuter's article on halted fraud trial Financial Sanctions: How a political crisis could inadvertently affect your business FW business crime and regulation partner quoted on Reuters on JPMorgan \ «Whale \» case FW financial services team look at the issue of black holes and the importance of disclosure and transparency

With respect to corporate litigation, Dan has represented corporations and senior executives against claims of fraud, RICO, breach of contract, breach of fiduciary duty, and fraudulent transfer claims.With respect to white collar criminal defense matters, Dan has represented large companies, corporate executives and other individuals in cases of mail fraud, tax fraud, bank fraud, violations of the Food, Drug, and Cosmetic Act, in addition to other complex crimes.

Andreas also acts as a representative in tax litigation cases.

In a recent case, Heather Sinclair - McDonald, Human Being, asserted that she had waived her rights as a person under the law and therefore the Income Tax Act did not apply to her.

Home equity interest may still be deductible in many cases, according to the IRS, even though the tax deduction for home equity interest was eliminated by the Tax Cuts and Jobs Act of 2017 («TCJA»tax deduction for home equity interest was eliminated by the Tax Cuts and Jobs Act of 2017 («TCJA»Tax Cuts and Jobs Act of 2017 («TCJA»).

We have acted as counsel for amicus curiae in several tax and ERISA cases to raise employee benefits issues.

A critical illness rider enjoys tax benefit under the Section 80D and proceeds received in the case of a claim are tax exempt under the Section 10 (10D) of the Income Tax Atax benefit under the Section 80D and proceeds received in the case of a claim are tax exempt under the Section 10 (10D) of the Income Tax Atax exempt under the Section 10 (10D) of the Income Tax ATax Act.

Permanent life insurance policies act as not only an insurance policy that will pay out to your beneficiaries in case of your death but is also a savings vehicle that is tax - deferred.

Under section 35AD of income tax act tax benefit can be availed in case of manufacturing enterprises and / or for introducing any new venture.

They offer deductions on the premiums up to INR 1.5 lakh under Section 80C of the IT Act; even the benefits your loved ones receive in case of your demise is exempt from tax.

Term insurance policies offer tax benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax Atax benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax ATax Act, 1961 and tax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax Atax - free payment to your nominee in case of death under Section 10 (10D) of the Income Tax ATax Act.

You can claim tax benefit of up to Rs. 25000 and Rs. 30000, in case of senior citizen under section 80D of the Income Tax Atax benefit of up to Rs. 25000 and Rs. 30000, in case of senior citizen under section 80D of the Income Tax ATax Act.

As per the provisions under Section 80D of the Indian Income Tax Act 1961, the total deduction allowed on expenses incurred on medical treatment of specified diseases for individuals and Hindu undivided families in case of senior citizens is Rs. 60000 and in case of very senior citizens is Rs. 80000.

As per Section 201 of the Income Tax Act, in case the deductor fails to deduct taxes or deposit the collected amount, he will pay an interest on the amount that is due to be submitted to the government.

Under life insurance policy, in case the policyholder suffers from the critical illness or severe disability then under the specified sections of Income Tax Act, the 10 % 0f the limit is increased to 15 % if the policy is issued after 01.04.2013.

And the payout received in case of claim is completely tax free under Section 10 (10D) of the Income Tax Atax free under Section 10 (10D) of the Income Tax ATax Act.

The maturity benefits paid (in case of term plans with return of premium option) and also the claim amount (if any, received by your nominee) is also tax free under Section 10 (10D) of the income Tax Act 19tax free under Section 10 (10D) of the income Tax Act 19Tax Act 1961.

Case 1: Upon death of the insured Insurance policy proceeds received by the family members in the event of death of the policy holder is completely tax exempt under section 10 of income tax act.

In case of individuals the premiums paid up to Rs. 15000 towards Health Insurance will be exempted from taxable income and Rs 20,000 for senior citizens is allowed as a deduction from the taxable income each year under section 80D of the Income Tax Act.

The Sum Assured / Death Benefit paid to the nominee / beneficiary in case of death of the insured is tax free under Section 10 (10D) of the Income Tax Atax free under Section 10 (10D) of the Income Tax ATax Act.

In some specific cases, if a person has a disability or suffers from disease or ailments, as specified in the income - tax Act, the deduction is enhanced to 15 % of the sum assureIn some specific cases, if a person has a disability or suffers from disease or ailments, as specified in the income - tax Act, the deduction is enhanced to 15 % of the sum assurein the income - tax Act, the deduction is enhanced to 15 % of the sum assured.

The admissibility and relevance of prior bad acts in child custody cases taxes a court's ability to separate fact from fiction.

In cases that require a range of expertise (for example, to assist parents as a communication coach, or with developmentally appropriate parenting plans, or to value a business, or offer sophisticated tax advice), the family can benefit from the coordinated efforts of several professionals, all acting in an impartial capacity, to resolve their outstanding issues in a cost - effective and non-adversarial manneIn cases that require a range of expertise (for example, to assist parents as a communication coach, or with developmentally appropriate parenting plans, or to value a business, or offer sophisticated tax advice), the family can benefit from the coordinated efforts of several professionals, all acting in an impartial capacity, to resolve their outstanding issues in a cost - effective and non-adversarial mannein an impartial capacity, to resolve their outstanding issues in a cost - effective and non-adversarial mannein a cost - effective and non-adversarial manner.

The extra income from the tenants will more than offset the mortgage, taxes, etc.» Carter says that, in some cases, he's seen this strategy bring in extra income and act as a part - time job.