Sentences with word «allocable»

25 % of W - 2 wages plus 2.5 % of a taxpayer's allocable share of the unadjusted tax basis of qualified business property.

The excess + allocable earnings may also be subject to 10 % early withdrawal penalty.

* Ignoring part of the cost of wind energy by failing to account for fully allocable costs, including backup power costs, extra transmission costs and costs of administering «green» electricity programs.

For purposes of this section, employee contributions (and any income allocable thereto) under a defined contribution plan may be treated as a separate contract.

Labor costs may also be considered in claiming the ITC, the law explains: «Expenditures for labor costs properly allocable to the onsite preparation, assembly, or original installation of the property described in subsection (d) and for piping or wiring to interconnect such property to the dwelling unit shall be taken into account for purposes of this section.»

Thus, if a portion of the property was used for residential purposes and a portion of the property (separate from the dwelling unit) was used for non-residential purposes, only the gain allocable to the residential portion is excludable under section 121.

The exception for interest allocable to a real property trade or business reflects policymakers» understanding that limits on the deduction for interest expense could have enormous negative consequences for property values, real estate markets, and economic growth.

Systematic Transfer Option: Under this option, your entire annual allocable Premium will be first allocated to the Liquid Fund and then systematically transferred on a monthly basis in to any one of the Unit Linked Funds as opted by you.

Return Protector Option (RPO): Under this option, your entire annual allocable Premium is invested into any one of either India Multi-Cap Equity Fund or Equity II Fund, as opted by You and gains made from RPO Fund are automatically transferred to a lower risk Debt Fund.

Positions allocable to this entry - level analyst class are located in central administrative departments or the...

Generally, these tax distributions will be computed based on our estimate of the net taxable income of the relevant partnership allocable to a partner multiplied by an assumed tax rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate prescribed for an individual or corporate resident in New York, New York (taking into account the non-deductibility of certain expenses and the character of our income).

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However, a financial institution may deduct 80 percent of its interest expense allocable to «qualified tax - exempt obligations,» which are a special type of tax - exempt obligation issued by qualified small issuers that reasonably anticipate issuing no more than $ 10 million in tax - exempt obligations during the calendar year.

Only distributions allocable to earnings might be subject to tax and the 10 % additional tax.

The VA states, «Veteran's credit must be satisfactory and veteran's income must be sufficient to repay that portion of the loan allocable to the veteran's interest in the property.»

No withdrawal allocable to earnings on the transferred amounts is considered to be a qualified distribution unless it is made more than five tax - years after the transfer.

However, this approach requires filing a gift tax return and, if the contributor dies before the end of the five - year period, the portion of the contribution allocable to the remaining years in the five - year period will be included in the contributor's gross estate for federal estate tax purposes.

If inextricably intertwined, then maybe no costs award against the losing FEHA plaintiff is in order; however, if the non-FEHA claims were solely allocable, then some apportioned costs were in order.

NAHB estimates that total starts allocable to 55 + communities will increase 21.9 % to 74,000 in 2013 19.9 % to 89,000 in 2014.

Allocable earnings are taxed in the year distributed.

For these purposes, business interest means any interest paid or accrued on indebtedness properly allocable to a trade or business.

Section 121 will not apply to the gain allocable to any portion (separate from the dwelling unit) of property sold or exchanged with respect to which a taxpayer does not satisfy the use requirement.

Positions allocable to this class work under the guidance of a Senior Elevator Mechanic or a higher - level elevator mechanic supervisor and are responsible for performing journey - level elevator and...

If borrowed funds are only partly or indirectly used to purchase or hold tax - exempt bonds, then the rule will disallow a deduction for that portion of the interest allocable to the tax - exempt bonds.

Instead, it can be allocable to the primary residence exclusion.

Hook says the IRS does not require that the gain be allocable to business and personal uses.

The charge reflects the direct operating cost of the aircraft, including fuel, additives and lubricants, an allocable allowance for airframe, engine and APU maintenance and restoration, crew travel expenses, on board catering, and trip - related landing / hangar / ramp fees and parking costs.

After consummation of the reorganization transactions, GoDaddy Inc. will become subject to U.S. federal, state, local and foreign income taxes with respect to its allocable share of any taxable income of Desert Newco and will be taxed at the prevailing corporate tax rates.

Business interest income means the amount of interest includible in the taxpayer's gross income for the tax year that is properly allocable to a trade or business.

Fifty percent of the allocable computing time will be made available on each of these machines to the INCITE program for CY 2019.

In the event that you die before the end of your subscription period, your estate shall be entitled to a refund of that portion of any payment you made for your subscription which is allocable to the period after your death.

In the event that you become disabled (such that you are unable to use the services of OkCupid) before the end of your subscription period, you shall be entitled to a refund of that portion of any payment you had made for your subscription which is allocable to the period after your disability by providing the company notice at the same address as listed above.

If you relocate your primary residence further than 50 miles from our service area and are unable to use the services of Spark Germany, you may elect to receive a refund of that portion of any payment you made for your subscription which is allocable to the period after your relocation.