Sentences with phrase «big tax bills»

Money is flowing in as surging real estate prices allow property owners to cash out for big profits, resulting in big tax bills.

In other words, whether the users claimed their coins or not, they could end up with nothing and big tax bills on their initial property «gains.»

Adding to the dangers of big tax bills, experts also remind students that income - driven repayment plans have their own taxes to deal with after a balance is forgiven.

Thus they were left with big tax bills but enjoyed no profit.

In other words, even if your funds don't make big taxable distributions, you can end up with big tax bills if you're too quick to sell your funds.

To head off big tax bills later, you might generate enough taxable income now to get to the top of the 12 % tax bracket.

Mutual fund investors can get hit with big tax bills, whether or not their funds increase in value.

Adding to the dangers of big tax bills, experts also remind students that income - driven repayment plans have their own taxes to deal with after a balance is forgiven.

Many conglomerates have been holding onto non-core assets because they didn't want to generate a big tax bill on the sale.

Many conglomerates have maintained divisions because selling them would generate a big tax bill.

Yum appeared to be intent on selling a 19.9 percent stake to avoid a big tax bill, the Journal said.

Even if investors trade frequently, they aren't as likely to get hit with a big tax bill as they would for actively managed offerings.

Meghan Markle will likely face a bigger tax bill after she marries Prince Harry, regardless of whether or not she keeps her U.S. citizenship.»

The possibilities include spinning off a division to investors or combining a division with a smaller public company in a way that avoids a big tax bill.

The timeline for any kind of very big tax bill looks incredibly ambitious and difficult to navigate, Politico's Ben White says.

«Biggest Tax Bill and Tax Cuts in history just passed in the Senate,» Trump tweeted.

«If you don't pay enough, you'll owe a big tax bill next year,» he says.

On the other hand, the 27 percent of taxpayers not receiving a refund may be getting the opposite — a big tax bill.

So be prepared to get hit with a big tax bill if you qualify for forgiveness (student loan debt forgiven after 10 years under the Public Service Loan Forgiveness program is not taxable).

Not only could you end up paying far more for your loans in interest, there's also the possibility that you'll get hit with a big tax bill once your repayment period ends.

If you do, you run the risk of underpaying your taxes all year and being slammed with a big tax bill in April.

This can really come in handy if you normally get hit with a big tax bill.

And because you've prepaid the taxes on the Roth IRA, your beneficiaries won't be hit with a big tax bill when they receive income from the account.

If you expect to be a in a higher tax bracket when you retire, having a Traditional IRA could mean a bigger tax bill.

Otherwise, you could be facing bigger tax bills in the near future.

As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

FAIR LAWN, N.J. — As residents in high - tax states brace for bigger tax bills under the recently passed federal tax overhaul, a New Jersey congressman is pushing local governments to adopt a strategy that could save homeowners thousands of dollars.

Many of them may find themselves with a bigger tax bill next year.

«Biggest Tax Bill and Tax Cuts in history just passed in the Senate,» he wrote on Twitter.

And because you've prepaid the taxes on the Roth IRA, your beneficiaries won't be hit with a big tax bill when they receive income from the account.

One exception: If selling assets in taxable accounts would trigger a big tax bill, you may want to move at a more measured pace.

Yet, as noted above, lower minimums for withdrawal rates come «with the danger that more capital is left in RRIFs so that when the holder passes away, their estate will have a big tax bill,» notes Doug Carroll, vice president of tax and estate planning at Invesco Canada.

Not only will your IRA withdrawals no longer be taxable, but also you'll shrink the size of your taxable account, so that account no longer generates as big a tax bill.

In situations where those older shares had a much lower cost basis, you would've been on the hook for a bigger tax bill.

That could mean a big tax bill, plus an early withdrawal tax penalty.

If you expect to be a in a higher tax bracket when you retire, having a Traditional IRA could mean a bigger tax bill.

That means that when you get to the end of your plan, you could see a big tax bill.

One way to avoid the big tax bill is to pay off the loan within the 25 year period.

You don't get the hefty Tax bill under current rules - but that exemption won't last forever - it would really suck to struggle paying the mortgage for a few years then be forced into a short sale or foreclosure and get a big tax bill for it as well.

Unfortunately, household employers are not required to do this, so you could end up with a big tax bill at the end of the year.

To be sure you've got the money to pay the big tax bill on your withdrawal when April 15, 2013 rolls around, you'd have to withdraw from your IRA $ 26,667 (if you're in the 15 % income tax bracket).

That money is sitting in an RRSP and if you cash it out you will trigger a big tax bill.

The only problem is that the Internal Revenue Service (IRS) requires conversion be done on a pro-rata basis, so you can be left with a big tax bill if your IRA has a combination of pre-tax and post-tax money.

You don't want to be hit with a bigger tax bill next year if additional income could push you into a higher tax bracket.

Even if a borrower can reach the point of forgiveness, they might get blindsided by a big tax bill as forgiven student loan balances via IDR plans are taxed as income.

If you are a self - employed high earner married to someone in a similar financial situation, your tax professional can help you estimate taxes so that you can pay installments throughout the year and avoid a big tax bill in April.

If most of your money is in taxable or tax - deferred accounts, you may end up with a big tax bill when you retire and begin to withdraw your savings.

That makes Harry's tax basis $ 10 per share and means he'll have a much bigger tax bill when he sells than either of his brother.

But with OTHER income - driven repayment programs through the federal government that may involve forgiveness, there will, in theory, be a big tax bill.

So be prepared to get hit with a big tax bill if you qualify for forgiveness (student loan debt forgiven after 10 years under the Public Service Loan Forgiveness program is not taxable).