Sentences with phrase «expense deductibility»

179 - D Energy Efficient Commercial Building Tax Provision Capital Gains Capital Gains — Carried Interests Capital Gains Exclusion on Sale of Principal Residence Denial of Interest Expense Deductibility Depreciation — General Estate Tax Reform Foreign Investment in Real Property Tax Act (FIRPTA) Immediate Write - off (Expensing) of Commercial Buildings Independent Contractor Internet Sales Tax Fairness Section 1031 Like - Kind Exchange Mortgage Debt Cancellation Relief Mortgage Interest Deduction State and Local Tax Deductions Tax Reform

The first condition for auto expense deductibility is that you are normally required to work away from your employer's place of business or in different places.

Yet these are the very essence of those «personal» expenses the deductibility of which is expressly denied.»

Not exact matches

How will this affect tax issues, such as the repatriation of profits, deductibility of expenses and personal liabilities?

As an added benefit, regulated utilities are exempt from a provision in the tax law that places a cap on the tax deductibility of interest expense.

Comments: The cut in the corporate tax rate may alleviate some of the added expense from the limitation of interest rate deductibility.

Finally, the tradeoff for the lower - than - expected corporate rate (21 % vs. 25 % est.) appears to be more mixed benefits on the personal side and modifications to some key corporate incentives from the way they were originally envisioned (i.e., a more limited expensing provision, restrictions on interest deductibility & loss carryforwards, higher repatriation rates & stronger international tax provisions).

«There also may be tax issues relating to the deductibility of those expenses,» he continued.

In fiscal 2014, we incurred approximately $ 5.4 million of additional tax expense as a result of the Section 162 (m) deductibility limit for compensation paid to the Chief Executive Officer and the three other highest - paid executive officers (other than Mr. Graf).

Just limit the deductibility of interest expense when the indebtedness exceeds a certain percent of net worth before the debt.

We're going to take away the tax deductibility of interest payments, so that they can't pretend to expense all their profits and interest, and we're also going to have a rent tax.

As an example, they could make the five - year expensing provision permanent and offset the cost by further limiting the deductibility of business interest costs.

First, full deductibility of interest expense is replaced by deductibility limited to 30 % of earnings before interest, taxes, and depreciation.

Stefanik also harbors concerns about the elimination of key deductions, including those for student loan interest, health care expenses and the limits placed on mortgage deductibility.

The tax vehicle would provide for increased deductibility or credits for childcare expenses, including perhaps refundable tax credits such that a family that has accrued childcare expenses but whose taxes would be reduced below zero with a childcare credit would receive a refund for the difference.

The difference between «second home» and «rental» is in the deductibility of the mortgage interest and expenses.

Indeed, a comprehensive financial or wealth advisor should be able to assist a client in everything from choosing the right auto insurance deductible and determining the deductibility of auto expenses to career and estate planning.

The bill includes a provision that reduces the tax - deductibility of interest expense, effectively raising the after - tax cost of debt.

The option would also gradually eliminate the deductibility of interest expenses for student loans.

Trump's plan would also: reduce individual tax rates from 10, 15, 25, 28, 33, 35, and 39.6 to 12, 25, and 33 (previously he proposed 10, 20, and 25); expand the standard deduction from $ 12,600 per couple to $ 30,000 while eliminating personal exemptions (previously he proposed expanding the standard deduction to $ 50,000); cap the amount of itemized deductions a couple could take to $ 200,000; offer U.S. manufacturers the option of fully expensing, instead of depreciating, their equipment in exchange for giving up the deductibility of interest; and tax capital gains beyond $ 10 million at death in place of the estate tax.

Please consult your tax professional for further information regarding eligibility, tax - deductibility of Traditional IRA contributions, tax - deferred / tax - exempt interest, limitations and tax consequences of distributions for college expenses and first - time home purchases, and additional IRS rules governing both Traditional and Roth IRAs.

If you are ever unsure about the deductibility of an expense, always ask an attorney or an accountant for advice.

Please consult your tax professional for further information regarding eligibility, tax - deductibility of Traditional IRA contributions, tax - deferred / tax - exempt interest, limitations and tax consequences of distributions for college expenses and first - time home purchases, and additional IRS rules governing both Traditional and Roth IRAs.

But for folks who aren't self - employed, health insurance premiums can be lumped in with other medical expenses to reach the deductibility threshold (10 percent of adjusted gross income).

The massive tax - extension law that President Obama signed at the end of 2010 keeps tax brackets and the capital gains rate at existing levels for two more years and maintains other key real estate provisions such as the 15 - year cost recovery period for leasehold improvements, 25 percent depreciation recapture rate, and the deductibility of expenses related to brownfields remediation.

Negative outcomes are: limitations on deductibility of interest expense; the possible elimination or repeal of 1031.

[3] With the exception of some restrictions on the deductibility of entertainment expenses, the normal business expenses of real estate professionals were not changed by the bill.

No Deductibility of Entertainment Expenses The new law states that taxpayers can not take a deduction if the activity falls under any of three categories: entertainment, amusement or recreation.

A PSB is not entitled to the preferential lower corporate income tax rates, and the deductibility of expenses is generally limited to remuneration paid and the cost of benefits and allowances provided to the incorporated employee, certain expenses of selling property and negotiating contracts, and legal expenses to collect accounts for services rendered.

Tax reform could impact Section 1031 like - kind exchanges, continued deductibility of interest payments for real estate financing, and immediate expensing of real estate assets.

The new law eliminates the deductibility of all miscellaneous expenses, so 2017 is the last year this deduction is available.