Sentences with phrase «facing huge tax»

A little - publicised tightening - up of IHT rules could leave executors facing huge tax bills, years after someone has died.

So, while the current administration is trying to help students who might be facing huge tax bills from student loan debt due to fraud or forgiveness from approved Department of Education programs, it will be up to Congress to act to remove the punitive tax penalty.

Too much money in an RRSP means you could face a huge tax bill later on when you retire, and too much money in a TFSA means you may not be taking advantage of the tax savings (deferral) of the RRSP.

This way I don't face a huge tax bill 2.

Cassell von Baeyer, a partner in the Incline Law Group in Nevada, who specializes in real estate, told me that «we still see on a daily basis» people who are working on foreclosures or short sales and face huge tax liabilities if the debt - forgiveness exemption is not extended into 2017.

Not exact matches

Now, faced by a huge debt from the recent French and Indian War, the British determined simultaneously to make a peaceful settlement with the Indians, to keep a large army intact in order to preserve peace, to pay off past debts, and to handle future expenses by a series of colonial taxes.

@GOONSTER It's a huge slap in the face, coming from a team with tax - free status.

He said a mansion tax for those living in houses worth over # 2 million, moves against tax avoidance including closing hedge fund tax loopholes and a raid on tobacco companies» profits would help pay to relieve NHS workers of the «huge future pressures» they face.

This reminds Queens residents of why New York City is already faced with above average unemployment, high taxes and a huge cost of living along with ever - increasing tolls and subway fares.

The message is that the Government realises that Britain faces a huge competitiveness challenge and that the new team will drive further progress on education, welfare, tax simplification and infrastructure to ensure that Britain can flourish.

Most are broke; some face huge deficits and — with close to two - thirds of governor's offices and thirty legislatures in GOP hands — they are utterly unlikely to raise taxes to fend off the impending funding cliff.

Even if you fall in a low tax bracket, you could face a huge bill to the IRS.

The bankruptcy judge rejected ECMC's demand, pointing out that the Murrays would never pay back the amount they owed and would be faced with a huge tax bill 20 years from now when their loan balance would be forgiven.

Either you will be faced with a huge tax bill because the amount of your forgiven loan is considered income by the IRS; or — as ECMC disarmingly admitted in the Murray case — you will be broke.

It irks me enormously that friends see 10 - 20 % capital gains tax - free growth each and every year on their homes while I face a huge bill if I sell various un-sheltered legacy holdings.

Whether on the buy - side or the sell - side, those involved in carve - outs face a huge number of legal and commercial issues, from financials to brands, employment protection regulations to tax planning.

If you made huge gains in your cryptocurrency portfolio in 2017 that have been wiped out in the down market this year, you may still be facing a big tax bill.