Sentences with phrase «by nontaxable»

After - tax returns are not relevant to sharehold ers who hold shares in tax - deferred accounts or shares held by nontaxable entities.

After - tax returns are not relevant to shareholders wh o hold shares in tax - deferred accounts or shares held by nontaxable entities.

Not exact matches

ROC is generally nontaxable and reduces the investor's cost basis by the amount of the distribution.

Total and itemize purchases by recording departments, prices and taxable as well as nontaxable items.

This can happen when your income is lower than expected, or when you mistakenly rely on nontaxable income, such as income covered by the foreign earned income exclusion.

If you don't really need to spend the money distributed from your Inherited IRA for your household expenses (your opening statement that your income for 2016 is low might make this unlikely), and (i) you and / or your spouse received compensation (earned income such as wages, salary, self - employment income, commissions for sales, nontaxable combat pay for US Military Personnel, etc) in 2016, and (ii) you were not 70.5 years of age by December 2016, then you and your wife can make contributions to existing IRAs in your names or establish new IRAs in your names.

To counter this, consider moving a portion of your retirement assets into nontaxable assets, such as Roth IRAs, a Roth 403 (b) if allowed by your employer or permanent life insurance.

If you convert only part of your traditional IRA, or if you have more than one traditional IRA and don't convert all of them, then the nontaxable part of your conversion distribution will be determined by a formula where the nontaxable percentage is the amount of your total nondeductible contributions (less any nontaxable distributions you previously received) divided by the total balance of all of your traditional IRAs.

If you file a federal tax return as an individual and your «combined income» — calculated by adding one - half of your Social Security benefit to other income, including nontaxable interest income — is between $ 25,000 and $ 34,000, up to 50 percent of your benefits may be considered taxable.

Each recipient of an eligible pension must reduce the benefits deduction by all taxable and nontaxable social security or railroad retirement benefits received.

For tax year 2000, the $ 6,000.00 cap must be reduced by all taxable and nontaxable social security or railroad retirement benefits received.

Well, if you withdrew $ W during 2016 and the total value of all your Traditional IRA accounts was $ X at the end of 2016 and your total basis in your Traditional IRA is $ B, then (assuming that you did not indulge in any Traditional - to - Roth rollovers for 2016), multiply W by B / (W+X) to get the amount of nontaxable basis in the withdrawal.

Your deduction does not have to be reduced by the amount of your nontaxable allowance either.

Furthermore, the tax may apply per room when the room is shared by a taxable and a nontaxable guest.

Preparing and producing detailed payroll reports by compiling summaries of personnel earnings, taxes, deductions, leaves, disability wages, and nontaxable wages.

Duties shown on sample resumes of Payroll Assistants include resolving payroll discrepancies by collecting and analyzing information, and preparing reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.

• First - hand experience in collecting and summarizing timekeeping information to ensure correct payroll processing activities • Track record of accurately calculating garnishments and commissions and efficiently posting them to payroll systems • Competent at handling sophisticated payroll systems and databases by following state and federal rules and regulations • Proficient in calculating and depositing payroll taxes and processing employment verifications to ensure accurate payroll procedures • Adept at maintaining payroll information by collecting, calculating and entering payroll data into predefined company systems • Competent in determining payroll discrepancies and taking effective measures to ensure that they are corrected before they have an adverse effect on the system • Qualified to prepare payroll reports by compiling summaries of earnings, taxes, deductions and nontaxable wages • Effectively able to update payroll information by recording changes such as insurance coverage, loan payments and salary increases • Proven ability to address employees» pay - related concerns and queries by remaining within the confines of company protocols • Hands - on experience in developing, maintaining and managing comprehensive payroll records by ensuring that both confidentiality and security of information is maintained

A federal appellate court has considered whether payments received by a tax - exempt association from the publisher of the association's magazine derived from advertising revenue in the association's magazine should be treated as taxable unrelated business income or as nontaxable royalty income.