Sentences with phrase «be subject to tax on»

Investors may be subject to tax on distributions.

Since your Sum Assured was more than 5 times the annual premium, your policy should not be subject to any tax on surrender value.

However, if you have a $ 6 million estate, including a condo in Florida as well as some US - listed ETFs, then you may be subject to the tax on those US situs assets, because their total value exceeds $ 60,000.

Thus, investors may be subject to tax on «phantom income,» with the gain in principal outweighing the coupons received.

You may also be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

In addition, you may be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

However, I no longer am subject to taxes on any qualified dividends, given my 15 % income bracket.

As the seller, you would also be subject to taxes on the sale of your life insurance policy.

Income from virtual currency earned by an individual is treated as miscellaneous income and is subject to tax on aggregate income.

Their endowments grow without being subject to taxes on capital gains, and their donors receive tax deductions for their gifts.

As the seller, you would also be subject to taxes on the sale of your life insurance policy.

Keep in mind, you could also be subject to taxes on any gains within non-IRAs and if the account is an IRA you could be subject to early withdrawal penalties if you're under the age 59 1/2 unless an exception applies.

It's tough to compare these outcomes because they're not all in the same place — money in the RRSP is subject to taxes on withdrawal.

If certain limits are exceeded, a MEC results and MEC policyholders may be subject to taxes on distributions on an income - first basis, that is, to the extent there is gain in the policy and penalties on any taxable amount if they are not 59 1/2 or older.

MEC policyholders may be subject to taxes on distributions to the extent there is gain in their policy and penalties on any taxable amount if they are not 59 1/2 or older.

The interest payments and points you pay are combined with all other deductions you claim on Schedule A; the total of which reduces your income that is subject to tax on the second page of your tax return.

U.S. taxpayers are subject to tax on any income they earn in a TFSA on a current year basis.

For example, a married couple is subject to tax on their benefits once their income exceeds $ 32,000.

They conduct residency audits because residents are subject to tax on worldwide income, whereas non-residents are only taxed for the portions of their income which can be attributed to New York.

Death benefit proceeds received over time are subject to tax on any interest component of your payment.

As the seller, you would also be subject to taxes on the sale of your life insurance policy.

If certain limits are exceeded, a MEC results and MEC policyholders may be subject to taxes on distributions on an income - first basis, that is, to the extent there is gain in the policy and penalties on any taxable amount if they are not 59 1/2 or older.

MEC policyholders may be subject to taxes on distributions on an income - first basis, that is, to the extent there is gain in the policy and penalties on any taxable amount if they are not 59 1/2 or older.

The gain, which is based on the difference between the cost of the shares and the deemed fair market value, is subject to tax on 50 per cent of the gain taxable at your own rate of taxation in the year the shares were gifted or were sold below fair market value.

Not exact matches

Whenever you receive Social Security, up to 85 percent of it could be subject to federal income tax depending on your modified adjusted gross income, or MAGI.

Right now, only 50 % of that price difference is subject to tax, with the tax rate depending on your income - tax bracket.

Policies that would more effectively attack speculation, such as subjecting home sales to capital - gains taxes, don't even appear to be on the table.

And if you're paying your employees in Bitcoin, the IRS says that pay is now subject to withholding taxes based on the virtual currency's fair market value.

Watch out for: LLC members can't distinguish between income earned as salary and passive investment income, so profits are subject to Social Security and Medicare taxes on top of income taxes.

When profits are distributed as dividends to shareholders, they are subject to further tax — a double tax, some argue — on their individual returns.

They're probably asking because they need to know whether your business will be subject to U.S. taxes, or if they must withhold U.S. taxes on payments made to your business.

The EC said on Monday: «The Commission considers at this stage that the treatment endorsed in the two tax rulings may have resulted in tax benefits in favour of Inter IKEA Systems, which are not available to other companies subject to the same national taxation rules in the Netherlands.»

It would assess a tax based on the point of purchase; that is, an online seller located in South Dakota would be subject to that state's tax, just like brick - and - mortar sellers in that state.

Now, entrepreneurs are subject to a tax break on the income their businesses generate, but many of them face a key decision: Is it now time to incorporate — and if so, what entity should you choose?

Be aware, too, that high earners — i.e., married couples with modified adjusted gross income above $ 250,000 — are subject to an additional 3.8 percent tax on certain investment income.

Under the «old» tax code, income from these small businesses would «pass - through» to the owner on her own taxes and were subject to individual income tax rates as high as 39.6 percent.

The new tax law's 20 percent deduction on qualified business income is subject to limitations that keep it from being a free - for - all for every entrepreneur.

«TrimTabs» employment estimates are based on analysis of daily income tax deposits to the U.S. Treasury from the paychecks of the 140 million U.S. workers subject to withholding».

The wage data are based on wages subject to Federal income taxes and contributions to deferred compensation plans.

The current maximum tax rate on individuals is 39.6 percent on taxable income over $ 250,000, and 43.4 percent if the individual is subject to the Net Investment Income Tax (NIItax rate on individuals is 39.6 percent on taxable income over $ 250,000, and 43.4 percent if the individual is subject to the Net Investment Income Tax (NIITax (NIIT).

Donors who transfer shares to a donor - advised fund are not subject to capital gains taxes on those shares, and they receive an income tax break, too.

If the IRS views it as a gift because there was no intention to repay it, then the lender becomes subject to the federal gift tax rules and will have to pay taxes on any amount in excess of $ 14,000.

To simplify taxation on individuals and families those who continue to file their income taxes on the standard Form 1040 will be subject to a simplified progressive tax of 10, 15, or 25 To simplify taxation on individuals and families those who continue to file their income taxes on the standard Form 1040 will be subject to a simplified progressive tax of 10, 15, or 25 to file their income taxes on the standard Form 1040 will be subject to a simplified progressive tax of 10, 15, or 25 to a simplified progressive tax of 10, 15, or 25 %.

The application of the tax laws of various jurisdictions, including the United States, to our international business activities is subject to interpretation and depends on our ability to operate our business in a manner consistent with our corporate structure and intercompany arrangements.

North American Indians whose income was earned on reserves and therefore not subject to income tax were excluded from the Canada Pension Plan.

Bond Funds with Large U.S. Treasuries allocations are considered to be Medium Tax Efficiency for investors who are subject to high rates of state / local tax on investment income; for other investors, these bond funds should be considered Lower Tax EfficienTax Efficiency for investors who are subject to high rates of state / local tax on investment income; for other investors, these bond funds should be considered Lower Tax Efficientax on investment income; for other investors, these bond funds should be considered Lower Tax EfficienTax Efficiency.

Based on whether you sold an asset for a short - term or long - term capital gain, you will be subject to different taxes.

Tax laws and regulations are complex and are subject to change; changes may have a material impact on pre - and / or after - tax resulTax laws and regulations are complex and are subject to change; changes may have a material impact on pre - and / or after - tax resultax results.

However, for higher income taxpayers, Qualified Dividends may be subject to both a higher tax rate and also the Medicare surtax on investment income, which may make them less efficient for those investors.

The difference between the option exercise price and the fair market value of the Shares on the exercise date is treated as an adjustment in computing the optionee's alternative minimum taxable income and may be subject to an alternative minimum tax which is paid if such tax exceeds the regular tax for the year.