Sentences with phrase «because tax laws»

Writing about taxes is something that I tend to avoid simply because tax laws can change at any time.

However, because tax laws and eligibility can change from year to year, be sure to check the IRS's Credit and Deductions guide and consult with your tax advisor for the list of available tax credits and qualification guidelines.

London has become the financial capital of Europe, mostly because its tax laws are more favorable to collectors than those of France, for example.

The good news is, if you earn less than $ 100,000.00 a year, the private mortgage insurance premiums are tax deductible, although this amount is always subject to change because tax laws often change.Paying PMI can be eliminated if you have paid off at least 20 % of your mortgage or if the value of your home has gone up.

There is no easy fix because tax laws force you to keep different accounts types, well, separate.

Because tax laws are subject to change, and the rules may vary from state to state, check with a tax professional for how the law may affect your specific situation.

It's a fabulous country but very difficult to operate in because the tax laws are just terrible.

The IRS has recalculated the limit because the tax law applies the so - called chained consumer price index to increases in HSA contribution limits.

You can do this because tax law stipulates that you can designate any regularly - used owned accommodation as a primary residence, thereby sheltering the appreciable gains of that abode from capital gains tax.

Capital gains distributions must be made by a mutual fund manager because tax law dictates that substantial portion of investment income and capital gains must be paid to investors.

Not exact matches

That's because under current law, profits from a small business «pass through» to the owner and is taxed at his or her individual rate, which can be as high as 39.6 percent.

The law's personal tax cut could furnish an additional incentive because when people get to keep more of what they earn, working looks more attractive.

While the new law is expected to be a long - term positive for most companies, several announced they would have to take one - time charges because the lower rate reduced the value of their deferred tax assets, which represent taxes already paid.

But taxpayers would, the argument goes, be allowed to fully deduct the amount on their federal tax returns because the new law still allows most charitable giving to be deducted for federal tax purposes.

«This is really a power grab and it's a phony bill because the whole intention is to take it up to our state supreme court to overturn the constitutionality of the no income tax that has been the tradition of our state, as well as state laws,» Hutchison told CNBC.

WASHINGTON — Because of substantial wage growth, bonuses, and other positive economic factors, the Republican tax law is gaining in popularity with the American public after initially negative reviews, which is becoming a problem for Democrats looking to run on a cohesive economic message in 2018.

On the other hand, 71 percent favor the law's Medicaid expansion, 66 percent of young adults favor the prohibition on denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earners.

As was pointed out on the panel, a lot of that cash is being held overseas because of the tax laws in the U.S.; it's taxed 30 %.

Both metropolitan areas have said, for example, that short term rentals procured through Airbnb and VRBO are essentially against the law, as they cheat cities out of millions of dollars of tax revenues, but also because they aren't regulated the way hotels are, and could be fire traps or have other safety considerations about which hapless customers are not likely to be aware.

Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law.

Because the law includes much more than tax cuts — it removes Affordable Care Act's so - called individual mandate and opens up Alaska's Arctic National Wildlife Refuge for oil drilling — potential avenues for future agenda items are now viewed as increasingly possible for Republicans.

This seems weird, but it's all one portfolio that happens to be arbitrarily split into separate accounts because of tax law.

In addition, the conservative Koch - backed group Americans for Prosperity launched a $ 500,000 ad campaign touting the new tax law because, according to Americans for Prosperity Foundation Senior Director Michael Fields, «all Americans need to know how tax reform is leading to higher pay and lower taxes.»

Because laws change over time and in different jurisdictions, it is imperative that you consult an attorney in your area regarding legal matters and an accountant regarding tax matters.

«If you anticipate the kind of huge appreciation in your personal wealth that could come from an IPO or a company sale, the best thing you can do is transfer stock to your heirs before the sale, because it will be worth much less then, and that minimizes the tax liability,» explains Allan Landau, a partner with Boston law firm Sherburne, Powers & Needham.

Jack Brocksmith, president of TAG Express, a $ 4.8 - million S corporation in Duluth, Ga., that licenses sports - team products: «We switched to an S corporation only a few years ago because of the tax laws.

And because Senate rules will require the plan to fit within a budget resolution that will most likely allow only $ 1.5 trillion in revenue losses over a decade, lawmakers will have to trim its proposed tax cuts — or add new tax increases — to meet that specification before it can become law.

The new tax law affects people because of the limitations it places on deductions they can make on their state and local income and property taxes.

Plus, because we know the local tax laws, we can make your local payroll tax deposits for you.

(Never forget House Speaker Paul Ryan's now - deleted tweet celebrating a public high school employee's salary increasing by $ 1.50 weekly because of the GOP tax law.)

Deputy Finance Minister Alexei Moiseev told reporters that, «We categorize mining as a business activity» and went on to explain that because the proposed law contains no specific guidance on mining taxation, conventional tax laws will apply to the proceeds of digital asset mining operations.

The chaplain for the House said a top aide to the House speaker had told him last month his departure had been requested in part because of a prayer about the Republican tax law and because of his Catholic faith.

The IRS overpaid nearly $ 3.5 billion in Obamacare tax credits last year that it can not recoup because of constraints built into the program, frustrating Republicans who have failed to repeal the health care law but say that money could have been spent on programs for veterans or infrastructure.

Check Your Withholding: The government estimates that most taxpayers will see a drop in their tax bill when 2019 rolls around, but because the new law has many twists and turns (especially for those who live in high property and income tax states), your best bet is to assume that your tax liability will be at least the same as this year.

In addition, our future income taxes could fluctuate because of earnings being lower than anticipated in jurisdictions that have lower statutory tax rates and higher than anticipated in jurisdictions that have higher statutory tax rates, by changes in the valuation of our deferred tax assets and liabilities, or by changes in tax laws, regulations, or accounting principles.

The new tax law will make it harder to benefit from itemized deductions for state and local tax, partly because of an increase in the standard deduction and partly because of a new limit on this particular deduction.

It's because of that delicate majority that many White House officials expect a tax bill — if it eventually becomes law — to more closely resemble the Senate bill.

Banks will benefit in the long run from the lower corporate tax rate, although they are currently taking large accounting charges because of the new tax law.

The PMA supports a federal approach to sales tax reform because it will eliminate the Affiliate Nexus Tax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passatax reform because it will eliminate the Affiliate Nexus Tax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passaTax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passage.

Because the changes in tax law may not affect all investor classes equally and may be different depending on the state in which the investor is located, the effect of these changes on demand for tax - exempt bonds and required investor yields is still being determined.

Keep in mind that the reported profit figure will be different because management's earnings projection came before the recent tax law changes were enacted.

Mileage fraud is a violation of Japan's fuel efficiency law for autos because buyers are eligible for tax breaks if a vehicle model delivers good mileage.

That enormous house your bishop lives in gets called «charity» because religions have charitable status under tax laws.

They want tax free banks from loans because taxes are considered «slavery» and they think they should be exempt from Australian law.

Christians have voted to put their God's name on everyones money, add «Under God» to the flag salute, force schools to teach intelligent design with absolutely no scientific basis along side the sciences, voted to write their moral laws on the fronts of public courthouses and tax funded buildings, voted to ban certain people from living together, being intimate or raising children because their orientation didn't fit with their bible beliefs.

Just like all the illegal aliens that you love to see breaking the law, they are hurting the same amount of people as are here illegally because they are taking jobs and receiving tax dollars as welfare.

Your example of driving on the sidewalks is poor because it directly increases tangible risk to bodily injury of pedestrians, but if you used some other law like paying taxes i'd agree.

And the truth of the matter, most slugs making noise about abortion are only concerned with tax money being used, which in of itself clearly shows they do not know anything about the law, and the use of tax funds for abortion, because it is already illegal.

You eliminate the mandate by saying there can be no such mandate and you call the penalty that the law calls a penalty a tax because a tax in the absence of a mandate would be okay, and since there is no longer a mandate, it is possible to reimagine the penalty as a tax and therefore the new law without the mandate and the penalty, but with an optional tax, is constitutional even though that is not the law that Congress actually passed.

«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)