Sentences with phrase «accrue tax»

Whole life insurance policies also accrue tax - free dividends, also known as the policy's cash value.

Capital gains and other investment earnings accrue tax deferred as long as the funds remain invested in the insurance contract.

The investment earnings generally accrue tax - free and, again, the death benefit is free from taxes.

There is also a cash value component, which can help the child to accrue tax - deferred savings that he or she can borrow or withdraw in the future.

The difference is, you have to pay taxes up front and, in order to let your money accrue tax - free, hold the account for a five year minimum.

Earnings on investments held in Roth accounts accrue tax - free, making dividend reinvestment especially lucrative.

Capital gains and other investment earnings accrue tax deferred as long as the funds remain invested in the insurance contract.

The new holder will continue to accrue the tax - exempt OID at the same rate as the prior holder (and for this purpose should consult IRS Publication 1212 for the appropriate amount of OID that accrues each period).

This can be favorable for younger beneficiaries, as their RMD amounts will be lower, thereby allowing them to leave larger balances in the accounts to accrue tax - deferred earnings (or tax - free earnings if in Roth IRAs).

Unless you formally dissolve your business, the government will have it listed as an ongoing entity, accruing taxes and fees.

There's a special rule for U.S. Savings Bonds, from which income generally accrues tax - free until the bonds are cashed in.

Another flexible option, universal life insurance also accrues a tax - deferred value over time.

My queries now are: (a) BANKs must have their own software to calculate the accrued TAX on all sorts of deposits including the FLEXI account.

You're responsible for contributions to the HSA, but any money left in the account accrues tax free interest.

Another flexible option, universal life insurance also accrues a tax - deferred value over time.

E.g. members entitled to 50/50 untaxed distribution after accounting for 100 % return of capital to capital contributors, all outstanding costs of sale, accrued taxes -LRB-?

Not exact matches

Tax revenue in the order of $ 80 billion over that period, of which only $ 6.7 billion would accrue to B.C. versus $ 36 billion to the federal government and $ 32 billion to the province of Alberta.

Trump's business tax cuts, which will also accrue mainly to the wealthy, are equally unlikely to deliver growth.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

Examples include provisions that allow immediate expensing or accelerated depreciation of certain capital investments, and others that allow taxpayers to defer their tax liability, such as the deferral of recognition of income on contributions to and income accrued within qualified retirement plans.

A poll of British Columbians taken around the time of the 2011 referendum revealed that most respondents believed the HST to be a growth - enhancing tax structure, but they didn't think the benefits of that growth would accrue to them.

If you don't pay enough tax, either through withholding or estimated tax payments, you may accrue additional penalties for paying late.

We would be more constructive on the efficacy of immediate expensing as a stimulus if tax writers allow tax carry forward losses to accrue an annual real rate of return as prescribed in the House bill (H.R. 1).

Take advantage of the power of compounding in accruing your future retirement funds by continuing to make disciplined contributions to qualified tax - advantaged vehicles.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

They would impose a one - time transition tax on currently accrued overseas profits of US multinationals, to be collected over several years.

To the extent that we are unable to make payments under the Tax Receivable Agreement for any reason, such payments generally will be deferred and will accrue interest until paid; provided, however, that nonpayment for a specified period may constitute a material breach of a material obligation under the Tax Receivable Agreement and therefore accelerate payments due under the Tax Receivable Agreement.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

«The largest cuts, in dollars and as a percentage of after - tax income, would accrue to higher - income households,» TPC said.

In fact, if you have non-registered investment a strong argument can be made that you should have NO Canadian content in your RRSP: You should hold it all outside the RRSP, in the non-registered account, where it's tax advantages accrue.

This rental income accruing to natural resources and monopolies has been freed for payment abroad by Russia's failure to levy taxes on it.

«The bulk of the corporate tax cuts should accrue to people who hold stock in companies,» said Ethan Harris, chief economist at Bank of America Merrill Lynch.

Earnings in a 401 (k) plan accrue on a tax - deferred basis.

MLP funds accrue deferred income taxes for future tax liabilities associated with the portion of MLP distributions considered to be a tax - deferred return of capital and for any net operating gains as well as capital appreciation of its investments; this deferred tax liability is reflected in the daily NAV; and, as a result, the MLP fund's after - tax performance could differ significantly from the underlying assets even if the pre-tax performance is closely tracked.

In an announcement released by the agency, SARS declared that the onus was on the taxpayer to declare all digital currency - related taxable income in the tax year it was received or accrued.

Filing for such an installment plan can help you avoid accruing even more interest and penalties, prevent problems in obtaining a loan in the future, and avoid seeing the IRS take hold of your future tax refunds.

Following normal income tax rules, income received or accrued from cryptocurrency transactions can be taxed on revenue account under «gross income».

However, there are differing views on whether these figures include the benefits accrued from the tax cuts or not.

Prepaid expenses include mortgage interest, HOA dues, mortgage insurance, hazard insurance and taxes accrued from the date of closing through the end of the month.

Under U.S. tax law, all accrued capital gains in property owned at death are tax free.

Dr Bawumia accused the government of inefficiencies despite monies accrued from oil and taxes.

There are five or six major landholders who are benefiting from loopholes in the laws and administrative shortcomings, and who are thus accruing all the value in the appreciation in land without being taxed.

The law temporarily cuts individual income taxes across the board, with most benefits accruing to the wealthy, analyses show.

In a new twist to the ongoing controversy, Minority Spokesperson on Finance, Ato Forson, is asking the Ghana Revenue Authority (GRA) to go after the company and retrieve the unpaid taxes accruing from the transaction between the oil firm and the Bulk Oil Storage and Transportation Company Limited (BOST).

This means the «direct permanent costs of this measure» are # 100 million, five times less than the # 500,000 expected to be accrued each year from other «taxes on the rich» unveiled earlier.

It has led the Low Incomes Tax Reform Group (LITRG) to warn people in this position to file their return before the end of April in order to avoid the daily penalties accruing.

When that process is completed, all of the obligations that accrue to that are going to be satisfied, and one of them is back payment of taxes on the house.»

New Patriotic Party (NPP) Member of Parliament for Effutu, Alex Afenyo Markin, has said that government could consider taxing Ghanaians in order to accrue funds to finance its flagship free Senior High School (SHS) policy.

«The city believes that it is a privilege, granted in return for specific benefits that accrue to city residents, for a business or developer to receive tax incentives,» Miner wrote.

In order to fill out the tax return forms, postdocs will need to have received a W - 2 form from their employer that lists their wages and salary accrued for the year.