Sentences with phrase «current income tax purposes»

Voluntary employee contributions that, unlike before - tax elective contributions, are currently includible in gross income for current income tax purposes.

Not exact matches

If we pay distributions on our common stock, those distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles.

However, if we do make distributions on our Class A common stock, those payments will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles.

The change in the current tax law regarding MLPs could result in the MLP being treated as a corporation for federal income tax purposes which would reduce the amount of cash flows distributed by the MLP.

The purpose of LITRG's response is to highlight what it sees as some current barriers to work in areas such as income tax, VAT, NIC, and tax credits.

Effective 2002 and thanks to Economic Growth & Tax Relief Reconciliation Act of 2001 (EGTRRA), annual limits on 401k contributions were raised for this exact purpose allowing working investors to contribute more tax - deferred contributions to their retirement plans and lower their current taxable income.&raqTax Relief Reconciliation Act of 2001 (EGTRRA), annual limits on 401k contributions were raised for this exact purpose allowing working investors to contribute more tax - deferred contributions to their retirement plans and lower their current taxable income.&raqtax - deferred contributions to their retirement plans and lower their current taxable income.»

They do need the actuarial certificate to support their claim for exempt current pension income (ECPI) for that period for income tax purposes.

CRA agents proceeded to write to the restaurant, stating that it had been selected for an «evaluation» of its electronic records, and that the evaluation was «not an audit, but rather a limited review of your current recordkeeping practices to determine if they are adequate for purposes of the Income Tax Act and Excise Tax Act.»

Like many states, Rhode Island uses federal taxable income, as determined under the current IRC (but without special deductions allowed under federal law), as the starting point for determining taxable income for purposes of the business corporation tax.

Q: Under current law, a self - employed REALTOR ® deducts one - half of his / her SECA / HI payment for income tax purposes.

For tax purposes, it really depends on your other income, your marital status, your current portfolio and your long term goals in terms of the costs.