Sentences with phrase «bill for income tax purposes»

Not exact matches

An unfavorable audit will likely result in some portion of the distributions being reclassified as earned income for federal income tax purposes, which results in a deficiency assessment (i.e., a tax bill), interest on those unpaid taxes, and IRS penalties.

For purposes of state income tax, interest on United States savings bonds, United States treasury bills, and various other bonds or obligations of the United States and U.S. territories are exempt.

The Finance Bill will allow for civil partners to be treated the same as married couples for taxation purposes, including income tax, stamp duty, capital acquisitions tax, capital gains tax and VAT.