Sentences with phrase «based on the taxpayer»

Adams» testimony also questioned the proposed elimination of the current $ 1 million cap on corporate franchise tax liability based on taxpayer's in - state capital and plans to establish a «financial nexus» for out - of - state credit card operations where no physical in - state nexus exists.

A Tax Loan is defined on the IRS website as «money borrowed by a taxpayer from a lender based on the taxpayer's anticipated income tax refund.

The amount of the federal standard deduction varies by year and is based on the taxpayer's filing characteristics.

Type of federal return filed is based on taxpayer's personal situation and IRS rules / regulations.

Each taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

- In calculating North Carolina taxable income, a taxpayer may deduct an exemption amount equal to the amount listed in the table below based on the taxpayer's filing status and adjusted gross income.

Because the tax value of a deduction is based on a taxpayer's marginal rate, prior tax expenditure estimates used the present law baseline, which assumed — prior to the fiscal cliff deal — that income tax rates were going up in 2013.

This message was written to support the promotion or marketing of the transactions or matters addressed herein, and the taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Not exact matches

Most of the value of the tax break goes to middle - income taxpayers, based on the 2016 average per - person health - care expenditure (see chart for illustration).

Regular use means the taxpayer must use the portion of the home in the business activity on a continuing basis.

Like other corporate and individual taxpayers, the amount of income taxes paid each year will vary based on the level of income subject to tax.

Taxpayers who itemize deductions on Schedule A are also eligible to deduct real estate taxes paid on a primary residence, said Laurie Samay, a New York - based certified financial planner with Palisades Hudson Financial Group.

These documents show that an entire strategy was developed by the B.C. Liberals based on using taxpayer dollars for their own partisan purposes.

Based on the data, it looks like the average taxpayer is backstopping a ton of risk at this FDIC insured bank and getting very little in return.

He lost that job and has only worked on a commission basis since then, including a contract with the Canadian Taxpayers» Federation.

Roth IRAs are subject to relatively low contribution limits, based on the income of the taxpayer.

You should seek advice based on your particular circumstances from an independent tax advisor as tax laws are subject to interpretation, legislative change, and unique to every specific taxpayer's particular set of facts and circumstances.

Based on the evidence in the case, the Tax Court concluded that the taxpayer received gross income in 2012 equal to the value of the services that he provided to the trust.

If you are an accrual basis taxpayer that is not eligible to or does not elect to determine the amount realized using the spot rate on the settlement date, you will recognize foreign currency gain or loss to the extent of any difference between the U.S. dollar amount realized on the date of sale or disposition and the U.S. dollar value of the currency received at the spot rate on the settlement date.

However, if the ordinary shares or ADSs are treated as traded on an «established securities market» and you are either a cash basis taxpayer or an accrual basis taxpayer that has made a special election (which must be applied consistently from year to year and can not be changed without the consent of the IRS), you will determine the U.S. dollar value of the amount realized in a non U.S. dollar currency by translating the amount received at the spot rate of exchange on the settlement date of the sale.

Note that QBI is figured separately for each business activity rather than on a per - taxpayer basis.

Based on the court documents, storing the coins cost taxpayers $ 465 per month.

The Internal Revenue Service of the United States of America has published a document in recent times serving as a reminder to the taxpayers in the US that their earnings based on cryptocurrencies have to be reported to them.

Taxpayers in New Jersey pay income tax based on their gross income rather than their federal AGI.

In 2012, the Cryptocurrency Legal Advocacy Group (CLAG) stressed the importance for taxpayers to determine whether taxes are due on a bitcoin - related transaction based on whether one has experienced a «realization event»: when a taxpayer has provided a service in exchange for bitcoins, a realization event has probably occurred and any gain or loss would likely be calculated using fair market values for the service provided.»

The president's comments on the matter came during a town hall event in Maryland, when a questioner who identified herself as an atheist pressed Obama on statements he made as a candidate in 2008 suggesting he was against permitting discriminatory hiring among faith - based organizations backed by taxpayer dollars.

For us it's not a question of taxpayer money which — based on your comments — is the situation in the US.

Officials estimate the tax increase will cost property taxpayers an additional $ 65 per year based on a home with a value of $ 250,000.

The law provides additional benefits for taxpayers as all taxpayers are now allowed to determine and pay taxes based on their own estimates; carry forward losses and take account of losses on the disposal of capital assets.

But taxpayer costs would have to be much higher if pension contributions were based on the much more conservative rules applied to private funds.

«Yonkers Mayor Mike Spano and the elected officials of these other municipalities, whose taxpayers are abused by Mt Vernon on a regular basis, should refuse to provide mutual aid to Mt Vernon (except in the most extreme emergencies) until Mt Vernon learns to respect OUR firefighters and OUR taxpayers.

• Rick «Wall Street Lobbyio» Lazio's taxpayer bailout bonus... $ 1.3 million • One week of unemployment insurance for more than 3,000 unemployed New Yorkers who lost their jobs following the financial crisis... $ 1.3 million • Four average mortgages on homes that were foreclosed on during the financial crisis... $ 1.3 million • Starting base salary for 30 new New York City Police Officers... $ 1.3 million • Starting base salary for 30 new New York City Firefighters... $ 1.3 million • One year of SUNY tuition for 261 New York students... $ 1.3 million

Cox said Gillibrand's explanation for her «no» vote — that the deal doesn't provide sufficient relief to the middle class and is fiscally irresponsible — doesn't ring true based on some of her past votes, including her support of preserving taxpayer funds to thw now - defunct ACORN (Schumer opposed that one).

«All claims are robustly defended, and would only be settled on the basis of strong legal advice, and in order to seek the best value for the taxpayer.»

Although, certain «elite» universities seem to strongly favour overseas students (mostly American), especially on postgraduate courses, no doubt because they are far more lucrative than home - based students (highly ironic, considering the recent funding outcry - more money from the taxpayer for the best tutors to tutor the wealthier overseas students).

Thus, government is putting in place the necessary blocks, such as the issuance of a national ID Card, a National Digital Property Addressing System, and the use of a Tax Identification Number to access key services, to broaden the tax base and reduce the tax burden on the estimated 1.2 million taxpayers supporting a population of about 27 million.

Moreover, the tax reductions included in the Executive Budget are broad based, providing benefits to the majority of corporate franchise tax payers, and their benefits focus on current New York state business employers and taxpayers.

Based on the Stiglitz - Orszag analysis, the groups recommended a temporary two - year personal income tax surcharge on the portions of taxpayers» incomes above $ 100,000.

Does anyone else but me object to the fact that as taxpayers we are paying Huckabee - Sanders to be dishonest, obnoxious and to attack democratic institutions on a daily basis?

This will help taxpayers with multiple MTD filings within a particular tax, e.g. someone who has one or more self - employed business and or let property · Taxpayers should be given a minimum period of 12 months on a «tax by tax» basis from when they become subject to MTD obligations before penalties aretaxpayers with multiple MTD filings within a particular tax, e.g. someone who has one or more self - employed business and or let property · Taxpayers should be given a minimum period of 12 months on a «tax by tax» basis from when they become subject to MTD obligations before penalties areTaxpayers should be given a minimum period of 12 months on a «tax by tax» basis from when they become subject to MTD obligations before penalties are applied.

The report called for more government action to take account of litter and littering behaviour in the design of Britain's public spaces, based on research that an intelligent approach to designing public spaces can reduce littering at no extra cost to taxpayers.

Those against the budget are basing their opposition mostly on misleading information supplied by advocacy groups and service providers who are merely looking to maintain their stranglehold on taxpayer dollars.

In exchange for taking its parkland, soaking up taxpayer dollars (in the form of subsidies and tax breaks) and bringing more traffic congestion and parking woes to the area, the Yankees (and the city which backed the project) promised to provide local jobs, quickly restore parkland and give back money to community groups and programs on annual basis.

Maude also scorned Whitehall courses based, he said, on how to get the best out of the public expenditure process or protect the permanent secretary's position rather than on thinking about the taxpayer.

Unshackle Upstate, a Rochester - based business group, released a report on Monday opposing such a system, on the grounds that it could be unconstitutional and the cost to taxpayers is unknown.

The source suggested the median benefit for higher rate taxpayers would be # 2,000 on a one - off basis.

He noted that in his 2018 State of the State Address earlier this month, he announced a new policy in which he prohibits the use of taxpayer funds for a sexual harassment payment if it is only based on the individual's behavior.

Eligible counties must be included in Federal disaster declarations · An additional $ 20 million included in federal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in installments

A former adviser to President Bill ClintonWilliam (Bill) Jefferson ClintonTrump, taxpayers want Title X funding protected from abortion clinics President Trump's historic rescissions package is a welcome step to cut wasteful spending America will be stronger with our immigration policy based on facts MORE predicts «a tough road» for Hillary ClintonHillary Diane Rodham ClintonTrump Jr. met with Gulf adviser who offered help to win election: report Voters Dems need aren't impressed by anti-waterboarding showboating After year of investigation, Trump can rightly claim some vindication MORE as she prepares to possibly announce a 2016 presidential campaign in coming months.

In her letter, Singas suggested a series of reforms based on Congressional franking rules that include a moratorium on all «taxpayer - funded mass communication» within 90 days of an election.