Sentences with phrase «benefit of taxpayers»

IRAs are individual retirement accounts, or a trust or custodial account set up for the exclusive benefit of taxpayers or their beneficiaries.

The term encompasses an individual retirement account — a trust or custodial account set up for the exclusive benefit of taxpayers or their beneficiaries and an individual retirement annuity, by which the taxpayers purchase an annuity contract or an endowment contract from a life insurance company.

He said the group, which is supposed to be in place for three years, is charged with reforming NYRA «for the benefit of taxpayers, fans, track workers, jockeys, and the horses themselves.»

Again, it's for the benefit of the taxpayers,» Morinello said.

After processing the information we feel this is the best way to proceed for the benefit of the taxpayers, community stakeholders and most importantly the animals.»

A tax loss carryforward is a legal means of rearranging earnings to the benefit of the taxpayer.

One of the key advantages of a 1031 exchange is the ability to dispose of a relinquished property without incurring a capital gain tax liability in the current tax year, thereby allowing the earning power of the deferred taxes to work for the benefit of the taxpayer instead of the government.

What the Ruling Means Going Forward The ruling makes it abundantly clear that all real estate must be taxed uniformly, and that this constitutional protection is for the benefit of the taxpayer: