Sentences with phrase «as the taxpayer waited»
For instance, in a similar step - transaction - doctrine issue with partial 1035 annuity exchanges and subsequent liquidations (which allowed annuity owners to get more favorable treatment in the multi-step process than could have been obtained if treated as a whole), the IRS ultimately declared in Revenue Procedure 2008 - 24 that as long as the taxpayer waited at least 12 months between the 1035 exchange and the subsequent liquidation, it would be allowed.
https://www.kitces.com/ Not exact matches
That left room Thursday for Sen. Len Fasano, the Republican Senate leader, to say, wait a minute, if the tax changes weren't bad for GE and the company is bluffing, as Democrats claimed in June, «then why would Gov. Malloy offer them a lot of state taxpayer money in hopes they will stay?»
As for another approach, let us wait and see if they decide to further pursue this issue on the Canadian taxpayer dime.