Sentences with phrase «benefits are subject to taxation»

If your firm pays the premiums on your policy, the benefits are subject to taxation.

There are several factors determining whether the short - term disability benefit is subject to taxation.

Not exact matches

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.»

Regardless of your income level, no more than 85 % of your Social Security benefits will ever be subject to federal taxation.

The potential tax benefits from investing in MLPs depend on their being treated as partnerships for federal income tax purposes and, if the MLP is deemed to be a corporation, then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the fund which could result in a reduction of the fund's value.

At most 85 % of Social Security retirement benefits will be subject to income taxation.

As with married couples, civil partners are subject to a legal framework of rights and obligations in a wide range of areas including taxation and benefits, maintenance and parental responsibility, inheritance of tenancy agreements, hospital visiting rights, protection from domestic violence and immigration and nationality issues.

It's not the biggest news at Frankfurt, but the arrival of the Range Rover Hybrid and Range Rover Sport Hybrid is big news for Land Rover, and for buyers running cars who are subject to taxation on benefits.

California state disability temporary insurance benefits are not subject to taxation unless your claims payment is in place of unemployment insurance.

Cash accrual in the policy is also tax free under IRC 7702, provided the policy is never surrendered and the death benefit is also not subject to income taxation.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

And taxes only make the situation worse: Social Security benefits are exempt from state taxes, but most other retirement income is subject to taxation (though there are some breaks for low - income residents).

Federal Gross Estate: The property that is included into the calculation for determining the decedent's property that is subject to Federal estate taxation (generally speaking that is comprised of property owned by the decedent at death, property in which the decedent had any incidents of ownership, life insurance death benefit proceeds, and certain gifts).

If the addition of the death benefit causes your assets to exceed the estate tax threshold, your estate may be subject to taxation.

Gruber then goes on to propose that injured workers exhaust their individual security accounts before they collect workers» compensation benefits and that workers» compensation benefits be subject to federal taxation.

The assessment was based on the auditor's determination that the HWP was a «benefits plan» subject to taxation under the Retail Sales Tax Act, R.S.O. 1990, c. R. 31 («RSTA»), as amended.

Also, the death benefit proceeds that are received by the beneficiary will not typically be subject to income taxation.

If the addition of the death benefit causes your assets to exceed the estate tax threshold, your estate may be subject to taxation.

Because life insurance death benefits that are paid to charities are not subject to taxation, the charity will be able to obtain the full face amount of the proceeds.

Corporate Owned Life Insurance Policies including key man life insurance policies issued after August 17, 2006 may have death benefits that are subject to income taxation if certain requirements are not met.

If proper record keeping and reporting is not maintained, any and all key man life insurance policy proceeds or other corporate owned life insurance death benefits may be subject to income taxation.

One such benefit is the fact that life insurance proceeds are received income tax free by beneficiaries (although such proceeds may be subject to estate taxation).

As with traditional life insurance policies, MEC death benefits are not subject to taxation.

Cash accrual in the policy is also tax free under IRC 7702, provided the policy is never surrendered and the death benefit is also not subject to income taxation.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

However, when life insurance is owned by an ILIT, the proceeds from the death benefit are not part of the insured's gross estate and thus not subject to state and federal estate taxation.

If you are a single proprietor or have partners in an LLC, you get the benefit of pass - through taxation, which avoids the double taxation you would be subject to if you had another type of corporation, like a C corporation.

The only way she could «benefit» from the deductions is if she had some income subject to taxation by the IRS.