Sentences with phrase «day of the tax year»

In most cases, your filing status depends on your marital status as of the last day of the tax year (December 31st).

You can only file single on your return if you are considered single on the last day of the tax year.

In order to be considered married, you and your spouse must be living together as husband and wife, living together in a common law marriage recognized by your state, married and living apart but not legally separated, or married but separated under a divorce decree which is not final on the last day of the tax year.

If you are legally married by the last day of the tax year and your spouse consents to filing a joint return, you can choose the married filing jointly status.

To qualify for head of household status, you must be unmarried on the last day of the tax year.

To qualify for head of household, you must be unmarried as of the last day of the tax year, paid more than half the costs for your household and have at least one dependent living with you for most of the year.

You were considered legally married as of the last day of the tax year and your spouse died before your return was filed

As long as you are legally married as of the last day of the tax year, you are considered married.

If on the last day of the tax year, multiple filing statuses apply to you, you are allowed to choose between them.

Your filing status is based upon your marital and family situation on the last day of the tax year.

If you were not married on the last day of the tax year and you do not qualify to use any other filing status, then you must file your tax return as Single.

Your marriage status for tax purposes is determined by your marriage status on the last day of the Tax Year.

Even if your spouse died on January 1 (the first day of the Tax Year), you can still file as Married Filing Jointly.

You may file as Married Filing Jointly if you were married on the last day of the Tax Year.

You must file as single if you were not married on the last day of the Tax Year and you do not qualify for any other filing status.

Whether you may file as married or unmarried depends on your legal marriage status on the last day of the tax year, December 31.

Your filing status is based upon your marital and family situation on the last day of the tax year.

If on the last day of the tax year, multiple filing statuses apply to you, you are allowed to choose between them.

The timing is exactly right: I discovered the brand new TaxHeat on the next to the last day of the tax year.

For tax purposes, if you were married on the last day of the tax year in question, you probably have to file as married.

IRC Sec. 408 (e) stipulates that when an IRA is involved in a transaction which is prohibited under IRC Sec. 4975, the plan loses its tax - exempt status and the IRA holder is deemed to have received a distribution on the first day of the tax year in which the prohibited transaction occurred.

Not exact matches

Some of the best tax strategies you should consider must be implemented before the last day of the year.

And if you can prove you paid taxes this year, Blue Point will give you a free four - pack of Tax Day IPA when you buy a four - pack.

For a 110,000 barrel per day mine, each additional billion spent on start - up capital translates to about $ 525 - $ 560 billion million fewer taxes and royalties (in today's dollars) over the 40 year life of the project.

Hagel's nomination comes on the heels of a New Year's Day deal that averted economic calamity when lawmakers agreed to prevent huge tax hikes and government spending cuts.

After Tax Day is finally in the rearview mirror and you've filed your return, sit down and try to identify a better way of maintaining your financial records — not just during tax season but all year round, so that you're not in this same situation again next yeTax Day is finally in the rearview mirror and you've filed your return, sit down and try to identify a better way of maintaining your financial records — not just during tax season but all year round, so that you're not in this same situation again next yetax season but all year round, so that you're not in this same situation again next year.

At today's prices, industry forecasts of three million barrels per day by 2020 are likely to underestimate production by a bit, but the real kicker will be on the value of that production to all concerned — governments, via taxes and royalties, and shareholders will all suffer much lower returns from this development than they would have expected less than a year ago if prices stay where they are today.

If you do choose to sell any investment held outside of a tax - deferred account, such as an IRA, make sure, if at all possible, you hold it for at least one year and one day in order to qualify for the long - term capital gains rate.

State and federal unemployment taxes, but only if (1) they pay wages to employees totaling $ 1,500 or more in any quarter of a calendar year, or (2) they employed at least one person during any day of the week during any 20 weeks in a calendar year, regardless of whether or not the weeks were consecutive.

WASHINGTON, Dec 5 - Republicans in U.S. House of Representatives began staking out their positions on final tax legislation on Tuesday, days ahead of talks with the Senate to shape the tax package lawmakers hope to send to President Donald Trump by year end.

WASHINGTON, Dec 5 (Reuters)- Republicans in U.S. House of Representatives began staking out their positions on final tax legislation on Tuesday, days ahead of talks with the Senate to shape the tax package lawmakers hope to send to President Donald Trump by year end.

On Tax Day (April 17 this year), Great American Cookies will be giving away a free cookie to anyone who stops at one of their participating stores.

Just days before that, the Government of Alberta legislated its new carbon tax as the centerpiece of a climate plan that will also transform the province's coal - reliant electricity system into that will also eliminate coal from the province's electricity system in the next 14 years.

Despite all the rhetoric out of Washington these days, you can bet we will see tax hikes this year.

There's still a way to go before deadline time, as the US Tax Day — again, they do go out of the way to make this sound like a celebration — falls on April 17th this year.

For homeowners who pay their state income taxes quarterly, it is O.K. to pay the last and final installment due Jan. 16 on or before the last day of this year, if you want to claim the deduction this year.

Between the IRS lawsuit against Coinbase and the tax reform that took place in the last few days of 2017, things are shaping up for a complicated tax year.

They focus on a 20 - year retirement period (but also consider 30 - year), assume annual withdrawals the first day of each year and ignore taxes and rebalancing frictions.

Start with the basic premise that the sweeping overhaul of the tax code would generally take effect on New Year's Day without any transition period.

I'm so not ready for it to be Monday already, yet here we are on tax day — my favorite day of the year.

But the free month of Amazon Prime membership could be worth it alone if you wait until the holidays or another time of year when you know you'll take advantage of no tax and free two - day shipping.

And while political «gifts» don't yield a tax break, nonprofit donations do — and many wealthier people (i.e., donors) are balancing their books for the year in the last days of December.

«Take - up has slowed almost to a crawl with an incredible # 2 billion a year left unclaimed, which is equivalent to a tax windfall to Treasury coffers of # 5.5 million each and every day.»

For the second - straight day on Wednesday, Assembly Speaker Carl Heastie was critical of Cuomo's recent comments that pooh - pooed the prospect of increasing taxes on the rich this year by making changes to the state's tax code.

The day after the fundraiser was a big one for COR: The Onondaga County Industrial Development Authority (OCIDA) approved a 15 - year package of tax breaks on its $ 324 million Inner Harbor project, which will erect apartments, stores and a hotel at the site of a former barge terminal between Syracuse and the Destiny USA Mall on the south shore of Onondaga Lake.

All the way back in the halcyon days of 2011, when proud centrist Andrew Cuomo reached a tax deal with Republicans in the State Senate, exempting private schools, small businesses, and other groups from having to pay the payroll mobility tax, which put $ 320 million into the MTA's pockets every year.

Washington (CNN)-- A day after divided Senate Democrats had to delay a pre-election vote on renewing tax cuts due to expire at the end of the year, House Speaker Nancy Pelosi Friday still didn't rule out a House vote on extending tax breaks for middle - income Americans before voters go to the polls.

The bill prevented what would have been a tax hike for Americans effective New Year's Day, but it came with a stiff price tag of more than $ 850 billion that critics insisted would be added to the nation's deficit.

Pollsters telephoned voters Jan. 12 - 16, days after Cuomo sketched out an election - year agenda that included tax relief and higher education spending in his annual State of the State address.

For the Oswego steam station alone — a 30 - year - old plant that is idle most days — state taxpayers reimburse NRG for all of its property taxes: $ 2 million a year.