Along with
any applicable federal and state income taxes, you could face a 10 percent early withdrawal penalty.
Not exact matches
Desert Newco is currently,
and will through consummation of the reorganization transactions, be treated as a partnership for U.S.
federal and most
applicable state and local
income tax purposes.
Under the first of those agreements, we generally will be required to pay to our existing owners that will continue to hold LLC Units following the reorganization transactions approximately 85 % of the
applicable savings, if any, in
income tax that we are deemed to realize (using the actual
applicable U.S.
federal income tax rate
and an assumed combined
state and local
income tax rate) as a result of:
The Company is treated as a partnership for U.S.
federal and most
applicable state and local
income tax purposes.
Desert Newco is currently,
and will be through consummation of the Reorganization Transactions, treated as a partnership for U.S.
federal and most
applicable state and local
income tax purposes.
interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this
income is generally not subject to regular
federal income taxes; note that Fidelity reports this information to the IRS,
and may be required to report the information to
tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax authorities in California among other
states; the total amount or a portion of
tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax - exempt
income (reported as specified private activity bond interest) must be taken into account when computing the
federal Alternative Minimum
Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
Tax (AMT)
applicable to individuals
and may be subject to
state and local
taxes; you are required to report
tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax - exempt
income on Form 1040,
and may be required to report it on your
state tax return as w
tax return as well
Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the
applicable savings, if any, in
income tax that we are deemed to realize (using the actual
applicable U.S.
federal income tax rate
and an assumed combined
state and local
income tax rate) as a result of (1) certain
tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing
tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing
tax basis in its assets that is allocable to the LLC Units that are exchanged), (3)
tax benefits related to imputed interest
and (4) payments under such TRA.
For purposes of calculating the
income tax savings we are deemed to realize under the TRAs, we will calculate the U.S.
federal income tax savings using the actual
applicable U.S.
federal income tax rate
and will calculate the
state and local
income tax savings using 5 % for the assumed combined
state and local rate, which represents an approximation of our combined
state and local
income tax rate, net of
federal income tax benefit.
They will be
taxed at your
applicable individual
federal income tax rate
and may also be subject to
state and local
taxes.
If you do not meet either of the above tests, you must pay US
federal and, if
applicable,
state income tax in the United
States on your US - source wages (
income is sourced to the jurisdiction where the services are performed, not where you're paid from).
These deductions include
federal income tax, medicare
tax, Social Security
tax,
and state income tax or local
taxes, if
applicable.
This means that you will pay
federal and state tax (if
applicable in your
state) at the rates that apply to other types of ordinary
income such as wages from employment.
Anyone who is a citizen of the United
States, even if they have never lived in the US, must file a
federal income tax return for any year in which their gross
income from worldwide sources is equal to or greater than the
applicable exemption amount
and standard deduction.
You would, however, be required to pay
federal and applicable state income tax on the earnings portion of the withdrawn amount.
interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this
income is generally not subject to regular
federal income taxes; note that Fidelity reports this information to the IRS,
and may be required to report the information to
tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax authorities in California among other
states; the total amount or a portion of
tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax - exempt
income (reported as specified private activity bond interest) must be taken into account when computing the
federal Alternative Minimum
Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
Tax (AMT)
applicable to individuals
and may be subject to
state and local
taxes; you are required to report
tax - exempt income on Form 1040, and may be required to report it on your state tax return as w
tax - exempt
income on Form 1040,
and may be required to report it on your
state tax return as w
tax return as well
The earnings portion of a non-qualified withdrawal is subject to
federal income taxes and any
applicable state and local
income taxes, as well as an additional 10 %
federal penalty
tax.
Unless shares are held in a
tax - free or
tax - deferred retirement account, distributions will be subject to
federal,
and possibly
state,
income and / or capital gains
taxes, if
applicable.
* Includes Social Security
and Medicare
taxes,
federal income taxes and state taxes if
applicable.
They will be
taxed at your
applicable individual
federal income tax rate
and may also be subject to
state and local
taxes.
The Funds»
federal and state income and federal excise
tax returns for
tax years for which the
applicable statutes of limitations have not expired (the current year
and the prior year) are subject to examination by the Internal Revenue Service
and state departments of revenue.
Most withdrawals made from a qualified employer - sponsored retirement plan before reaching age 59 1/2 will come with a 10 % early penalty
tax on the amount being distributed along with
applicable federal income and state taxes.
He would also be liable for any
applicable federal income and state taxes.
The information provided below only considers selected U.S.
federal income tax consequences
and does not consider all U.S.
federal income tax consequences or
state, non-U.S. or any other
tax consequences that may be
applicable to a particular investor.
The
tax advisor will then need to determine the
taxes owed for
federal capital gain
taxes, the depreciation recapture,
state taxes (when
applicable)
and the Section 1411 net investment
income tax (when
applicable).
Any earnings that are not used for Qualified Higher Education Expenses are subject to
federal and, if
applicable,
state income taxes.
In general, subject to the discussion below under the headings «Information Reporting
and Backup Withholding»
and «Foreign Accounts,» distributions, if any, paid on our common stock to a Non-U.S. Holder (to the extent paid out of our current or accumulated earnings
and profits, as determined under U.S.
federal income tax principles) will constitute dividends
and be subject to U.S. withholding
tax at a rate equal to 30 % of the gross amount of the dividend, or a lower rate prescribed by an
applicable income tax treaty, unless the dividends are effectively connected with a trade or business carried on by the Non-U.S. Holder within the United
States.
Once the extensions of time have been filed, Investors must complete their
tax - deferred like - kind exchange transaction within the 180 calendar days before they actually file their
Federal and, if
applicable,
state income tax returns.
Once the extensions of time have been filed, you must complete your 1031 Exchange transaction within the 180 calendar days before you actually file your
Federal and, if
applicable,
state income tax returns.