Sentences with phrase «allowed under federal tax laws»
Not exact matches
--- Creating a «family partnership» under federal tax laws, which allows you to divide business income among family members.
http://religion.blogs.cnn.com/
ALBANY — The Cuomo administration on Wednesday detailed several proposals that could allow some higher - income, middle - class New Yorkers to avoid paying more federal taxes under the new tax cut law passed in Washington last month.
Texas does allow wage garnishment for some debts, specifically, those for child support payments, certain IRS tax debts (which are garnished under federal wage garnishment laws), and student loan debts.
Residents are taxed on the same income they report for federal income tax purposes, subject only to the specific modifications allowed under state law.
You may be allowed a deduction of payments for (i) a prepaid funeral insurance policy that covers you or (ii) medical or dental insurance premiums for any person for whom you may claim a deduction for such premiums under federal income tax laws.
Like many states, Rhode Island uses federal taxable income, as determined under the current IRC (but without special deductions allowed under federal law), as the starting point for determining taxable income for purposes of the business corporation tax.
Research federal laws regulating partnership transfers and gifts given to family members to determine the amount allowed under federal law before the gift recipient incurs liability for income or gift taxes.