Sentences with phrase «addition to any taxes owed»

In addition to any taxes you owe on your withdrawal, you will owe an additional 10 %.

When you take money out of your IRA or 401 (k) plan (or other qualified retirement plan, such as a 403 (b) plan), if you're under age 59 1/2 in most cases your withdrawal will be subject to a penalty of 10 %, in addition to any taxes owed on the distribution.

There is a stiff penalty for not paying your payroll taxes — 100 percent of the amount of the taxes that are owed, in addition to the taxes owed and interest thereon.

Not exact matches

If you are under age 59 1/2 and you cash it out, you'll pay a 10 % penalty on it in addition to owing taxes.

In addition to federal tax, your state will make additional withholdings for taxes, and most states will deduct other money that you may owe to the state, such as back taxes, child support, loan payments, etc..

If you take money out of your IRA before age 59 1/2, you could get stuck with a 10 percent early withdrawal penalty in addition to the income taxes you will owe.

If a home previously that valued at $ 100,000 30 years prior sells for $ 500,000, the new owners will owe tax for the $ 400,000 difference in addition to the tax based on the $ 500,000 home.

In addition to tracking your refund amount, you can use the same app to find a local tax expert in your area who can answer questions or help you come up with a plan to pay any tax balance you may owe.

If they can not show dishonesty or criminal intent then civil penalties, up to double the amount of tax owed, in addition to the tax itself, can still be levied.

In addition to vouchers, the category of private school choice now includes tuition tax credit programs, a legislative maneuver that lets business redirect taxes owed to the state toward «scholarships» for student tuition at private and religious schools.

Actual results could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of legal proceedings and claims, fulfillment center optimization, risks of inventory management, seasonality, the degree to which the Company enters into, maintains and develops commercial agreements, acquisitions and strategic transactions, and risks of fulfillment throughput and productivity.

Actual results could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of legal proceedings and claims, fulfillment and data center optimization, risks of inventory management, seasonality, the degree to which the Company enters into, maintains and develops commercial agreements, acquisitions and strategic transactions, and risks of fulfillment throughput and productivity.

In addition to helping you and your child avoid owing more than necessary — or running afoul of the IRS — understanding and paying taxes is an important step in a child's journey to becoming a financially responsible adult.

The penalty for failure to pay your taxes is 0.5 % per month in addition to a monthly charge for interest on the balance owed when taxes have been filed.

Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest.

Don't forget that your friend has now «gifted» $ 80,000 to a random stranger (well over the yearly gift - limit of $ 14,000) and now owes gift taxes in addition to the income taxes (which should eat up ALL of the money he kept and then some)!

In addition to federal income tax and any state and local taxes you may owe, your employer will withhold Social Security and Medicare taxes.

If you take money out of your IRA before age 59 1/2, you could get stuck with a 10 percent early withdrawal penalty in addition to the income taxes you will owe.

In addition to the $ 7,560, this individual ended up owing a penalty of $ 635.40 (10 % of the difference between 90 % of the tax due and what was actually withheld).

If you do not have enough money withheld to cover your federal income tax liability, there is a possibility that you might owe, in addition to the tax, a 10 % penalty for not having enough money withheld to cover 90 % of your tax bill.

In addition, you may owe capital gains taxes if you are selling your residence rather than passing it to your heirs.

One reason: In addition to payroll and income taxes, you may owe three other taxes, especially if you have a hefty income or you have so - called unearned income, which is income from investments.

If you earn income from any of your investments this year, you may have to pay the net investment income tax, in addition to the regular income taxes you owe.

This is in addition to the income tax that you will owe.

In addition, a person needs to file an income tax return if she sold her home during the tax year; owes taxes because of a retirement account from distributions or excess contributions; or owes Social Security and Medicare taxes on tips not reported to an employer or on wages for which the employer did not withhold taxes.

If you happen to come in under 90 % (which will come out when you file taxes), you will owe interest for the underpayment (as you should have paid it some time ago); typically 0.5 % per month; also up to 10 % in addition, depending on the situation.

In addition to normal income tax, you will owe a penalty of additional tax on the amount of the early withdrawal (unless you meet an exception).

In addition to wage garnishments, you may have your tax return taken from you or you may have the amount you owe taken out and the rest dispersed to you.

In addition to the tax brackets and 2017 federal tax tables above, you may owe tax under the alternative minimum tax.

In addition, be aware that you'll have to pay any taxes that you owe on the annuity at your ordinary income - tax rate, not the preferable capital gains rate.

If they are younger than this age, they will pay a 10 % penalty tax on the amount withdrawn in addition to owing normal income tax on the amount.

In addition, court records show he admitted to owing the federal Internal Revenue Service $ 299,997 for claims made about the tax years 2001 - 2003.

In addition to the points, you'll also owe cash for taxes and fees on all award tickets that you book.

In addition, if you have a large estate, your heirs could use the money form your policy to help pay any state or federal estate taxes owed upon your death.

You may have to pay capital gains taxes on a life insurance settlement in addition to any income taxes you might owe.

If the settlement agent did not give you full credit for the $ 4K seller concession in addition to the seller's prorated share of the property taxes, the settlement agent may owe you some money.

Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest.

The fine is in addition to any taxes and interest owed, as well as any civil penalties that may be assessed by the CRA.

Fines are in addition to any taxes and interest owed, as well as any civil penalties that may be assessed by the CRA