Sentences with phrase «u.s. federal tax code»

The U.S. federal tax code thinks single - family homes depreciate!

The program is named after the 1978 addition of section 401 (k) to the U.S. federal tax code which allowed such pre-tax investments.

The program is named after the 1978 addition of section 401 (k) to the U.S. federal tax code which allowed such pre-tax investments.

The program is named after the 1978 addition of section 401 (k) to the U.S. federal tax code which allowed such pre-tax investments.

Not exact matches

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit - ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.

WASHINGTON, Nov 16 - The Republican - controlled U.S. Congress was approaching a major test on Thursday of its ability to overhaul the federal tax code, as lawmakers prepared for their first full - scale vote on sweeping tax legislation.

Code Section 162 (m) limits the U.S. federal income tax deduction for compensation paid to our Chief Executive Officer, our Chief Financial Officer and certain other highly compensated executive officers (including, among others, our next three other most highly compensated executive officers (other than the Chief Executive Officer and Chief Financial Officer) as of the end of the calendar year).

In addition, this discussion does not address U.S. federal tax laws other than those pertaining to the U.S. federal income tax, nor does it address any aspects of the unearned income Medicare contribution tax pursuant to Section 1411 of the Code, or U.S. state, local, or non-U.S. taxes.

as a transaction that is generally tax - free, for U.S. federal income tax purposes, under Sections 355 and 368 (a)(1)(D) of the Code.

It does not discuss all aspects of U.S. federal income taxation that may be relevant to particular holders in light of their particular circumstances or to holders subject to special rules under the Code (including, but not limited to, insurance companies, tax - exempt organizations, financial institutions, broker - dealers, partners in partnerships (or entities or arrangements treated as partnerships for U.S. federal income tax purposes) that hold HP Co. common stock, pass - through entities (or investors therein), traders in securities who elect to apply a mark - to - market method of accounting, stockholders who hold HP Co. common stock as part of a «hedge,» «straddle,» «conversion,» «synthetic security,» «integrated investment» or «constructive sale transaction,» individuals who receive HP Co. or Hewlett Packard Enterprise common stock upon the exercise of employee stock options or otherwise as compensation, holders who are liable for the alternative minimum tax or any holders who actually or constructively own 5 % or more of HP Co. common stock).

It is a condition to the distribution that HP Co. receive (i) a private letter ruling from the IRS and / or one or more opinions from its external tax advisors, in each case, satisfactory to HP Co.'s board of directors, regarding certain U.S. federal income tax matters relating to the separation and related transactions, and (ii) an opinion of each of Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom LLP, satisfactory to HP Co.'s board of directors, regarding the qualification of the distribution, together with certain related transactions, as a transaction that is generally tax - free, for U.S. federal income tax purposes, under Sections 355 and 368 (a)(1)(D) of the Code.

Governor Andrew Cuomo earlier this week said the state was exploring using a payroll tax as an alternative to the income tax in order to help residents hurt by new limits on deductions of state taxes from federal returns, under a sweeping overhaul of the U.S. tax code passed in late December.

Those involved with building affordable housing across the state are bracing for a potential significant impact as the House and U.S. Senate look to reconcile legislative differences when it comes to how certain types of municipal bonds are treated in the federal tax code.

The Trump administration proposed the most sweeping changes to the federal tax code in decades, outlining a framework that would cut individual and corporate taxes, eliminate widely used exemptions and deductions and tilt the U.S. closer to the type of tax system embraced by other industrialized nations.

The U.S. Senate last week approved a massive, Republican - backed rewrite of the federal tax code that mirrors, in key respects, a bill passed on 16 November by the U.S. House of Representatives.

Charitable contributions receive favorable treatment under the U.S. tax code and are expensive to the federal treasury.

In certain circumstances, the U.S. Internal Revenue Code requires that individual income taxpayers report the refund of excess state or local income tax payments received by the taxpayer as income for federal income tax purposes.

The family had been donating to the college out of their own funds since 2000, but in 2014 donated federal grant income of IGES under direct control of Jagadish Shukla, which gives the appearance of «self - dealing,» a serious violation of the U.S. Tax Code.

Under U.S. Code Title 26 (Section 48 (a)(3)-RRB-, the federal government extends a corporate tax credit to businesses that invest in renewable power.

The U.S. tax code provides special aid to taxpayers and businesses in federal disaster areas.

In accordance with IRS CIRCULAR 230, we inform you that any U.S. Federal tax advice contained in this communication (including attachments) is not intended or written to be used, and can not be used by a taxpayer, for the purpose of (a) avoiding penalties under the Internal Revenue Code or that may otherwise be imposed on the taxpayer by any government taxing authority or agency, or (b) promoting, marketing or recommending to another party any transaction or matter addressed herein.

TO COMPLY WITH CERTAIN U.S. TREASURY REGULATIONS, WE INFORM YOU THAT, UNLESS EXPRESSLY STATED OTHERWISE, ANY U.S. FEDERAL TAX ADVICE CONTAINED IN THE TEXT OF THIS COMMUNICATION, IS NOT INTENDED OR WRITTEN TO BE USED, AND CAN NOT BE USED, BY ANY PERSON FOR THE PURPOSE OF AVOIDING ANY PENALTIES THAT MAY BE IMPOSED UNDER THE INTERNAL REVENUE CODE.

The major national energy bill, H.R. 4, that the U.S. House of Representatives passed in early August includes a number of carrots in the federal tax code to prod energy - efficiency measures out of commercial property owners and residential home developers.