Sentences with phrase «fair amount of tax»

She did it by partnering with H&R Block, which was able to transfer to the FAFSA a fair amount of tax data collected after families filed their taxes.

[67] Google was accused by the committee, which represents the interests of all UK taxpayers, of being «evil» for not paying its «fair amount of tax».

[28] The company was accused by the committee, which represents the interests of all UK taxpayers, of being «evil» for not paying its «fair amount of tax».

Not exact matches

«We are pleased the federal court in San Diego decided Qualcomm must establish the fair value of its technology and defend its business practices in court before forcing Apple and others to pay exorbitant and unfair rates, which amount to a tax on our own inventions,» Apple spokesman Josh Rosenstock said in a statement.

The stock grants will generally be subject to tax upon vesting as ordinary income equal to the fair market value of the shares at the time of vesting less the amount paid for such shares, if any.

Your amount realized will be measured by the sum of the cash or the fair market value of other property received plus your share under the partnership tax rules of our liabilities, if any.

However, the amount by which the fair market value of the shares at the time of exercise exceeds the option price will be an «item of adjustment» for participant for purposes of the alternative minimum tax.

Unless exchanged for new options, each option holder received an amount in cash, without interest and less applicable withholding taxes, equal to $ 24.82 (the fair value of the Predecessor's common stock) less the exercise price of each option.

An answer to both question could go like this: It is sometimes fair to tax one group higher than another because we have created an economy where there is an incredible potential for group A to accumulate drastically more amounts of economic wealth than group B, even though the labor of group B is more intrinsically valuable than group A. Given this inefficiency, it is just to redistribute asymmetrically because the initial distribution was flawed.

«ISO: Employee now owes AMT (Alternative Minimum Tax) on the difference between the amount they paid to exercise their options (the exercise price) and the fair market value of that stock today.

She claims Mr. LaValle has not been effective in bringing the East End its fair share of school aid and says the amount of money East End residents pay in state taxes is more than what they get back in state services.

«I think it gives relief to some homeowners who are on the verge of having to sell their house because $ 1,200, or approximately $ 1,200, is a fair amount of money to help relieve the tax burden,» said Ruzow, of Granite Property Reduction.

Given a fair amount of attention, that rekindled romance feels like it will play more to adults than young viewers, but it shouldn't tax kids» patience or gag reflexes, for it somehow manages to be just as sweet and charming as everything else here.

But in the other extreme case, when you pay the full fair market price for the shares up front, does this mean that with an 83b election there is no tax liability at all (since there is zero difference between the amount paid and the fair market value at time of grant)?

The AMT was intended to keep the tax system as fair as possible and to ensure that all Americans pay at least a minimum amount of income taxes.

All this highlights a big advantage enjoyed by retirees: Unlike those in the workforce, you have a fair amount of control over your annual tax bill — and you can use that control to make your retirement more financially comfortable.

If you are comparing converting vs. not doing anything at all, then it's not a fair comparison because you effectively have more money in the same amount of Roth IRA than Traditional IRA, because it's after - tax instead of before - tax.

To be fair, there are a number of variables, debt owed, original time for loan to be paid, rate of loan, rate of return assumed on the 401 (k), amount of potential extra payment, and the 2 tax rates, going in, coming out.

For a fair comparison, you must compare the same amount of before - tax value in both cases.

This involves a fair amount of guesswork, but calculations are typically based on the previous year's tax liability.

The IRS requires you to use the smaller of the property's tax basis or the decrease in fair market value in determining the deductible amount.

For in - kind donations (such as towels and other supplies or equipment) the fair - market value of the donated item (s) is determined by the donor and used as the tax - deductible amount for the donation.

The panels cost a fair amount to install, but according to Hudson Valley Clean Energy's Web site, state rebates and tax credits can provide up to 60 percent of a solar electric system's total cost.

The Queen, the CRA assessed a large group of taxpayers from across Canada on the basis that investments in Registered Retirement Savings Plans (RRSP) were not in qualified investments and that the amount of the investment was less than the fair market value, triggering a taxable income inclusion under the RRSP provisions of the Income Tax Act.

An alternative, perhaps fairer tax system, but not an easy one to administer might be to tax individuals at progressive rates on the total amount of gifts and inheritances they receive over their lifetime — or extending the reach of the tax to gifts made more than seven years before death, for example to 15 years.

In determining the amount and duration of maintenance the court shall consider: (A) the income and property of the respective parties including marital property distributed pursuant to subdivision five of this part; (B) the duration of the marriage and the age and health of both parties; (C) the present and future earning capacity of both parties; (D) the ability of the party seeking maintenance to become self - supporting and, if applicable, the period of time and training necessary therefor; (E) reduced or lost lifetime earning capacity of the party seeking maintenance as a result of having foregone or delayed education, training, employment, or career opportunities during the marriage; (F) the presence of children of the marriage in the respective homes of the parties; (G) the tax consequences to each party; (H) contributions and services of the party seeking maintenance as a spouse, parent, wage earner and homemaker, and to the career or career potential of the other party; (I) the wasteful dissipation of marital property by either spouse; (J) any transfer or encumbrance made in contemplation of a matrimonial action without fair consideration; and (K) any other factor which the court shall expressly find to be just and proper.

If, however, the car is used for non-profit purposes in between you donating it and it being auctioned, then the full fair market value amount of the car can be deducted from your taxes.

There is a fair amount of ambiguity here, as the ministry cites two corporate income laws, so determining the tax base could be problematic.

The distribution amount which the IRA holder is considered to have received is equal to the fair market value of the IRA as of the first day of such tax year.»

If you sell your home in the District of Columbia you'll pay deed transfer taxes, which amounts to 1.1 % of fair market value for residential property transfers (sales) of up to $ 400,000, or 1.45 % of fair market value if the sale is greater than $ 400,000.

The report recommends that Congress organize taxpayer rights under the following ten broad principles: (1) right to be informed; (2) right to be assisted; (3) right to be heard; (4) right to pay no more than the correct amount of tax; (5) right of appeal; (6) right to certainty; (7) right to privacy; (8) right to confidentiality; (9) right to representation; and (10) right to a fair and just tax system.