Sentences with phrase «automatically lose any tax»

«The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax - exempt status because they did not file legally required annual reports for three consecutive years» (http://www.irs.gov/uac/IRS-Identifies-Organizations-that-Have-Lost-Tax-Exempt-Status%3B-Announces-Special-Steps-to-Help-Revoked-Organizations)
Once you file for Bankruptcy, you automatically lose any tax refunds or HST refunds, which are forwarded directly to your Trustee.

Not exact matches

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.
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