Sentences with phrase «for applicable income taxes»

If you take a distribution from a 401 (k) before age 59 1/2, you become liable for applicable income taxes and penalties.

Not exact matches

If the holder of an applicable partnership interest is allocated gain from the sale of property held for less than three years, that gain is treated as short - term capital gain and is taxed as ordinary income.

Use your latest return to estimate your 2018 itemized deductions, including medical and dental expenses, paid taxes (up to $ 5,000 for single filers and $ 10,000 for married filers for applicable state and local income taxes, property taxes, or sales taxes), gifts to charity, and other itemized deductions.

Desert Newco is currently, and will through consummation of the reorganization transactions, be treated as a partnership for U.S. federal and most applicable state and local income tax purposes.

The components of nominal GDP represent the applicable tax bases for personal and corporate income tax revenues, which represent about 60 % of total federal revenues.

The Company is treated as a partnership for U.S. federal and most applicable state and local income tax purposes.

Desert Newco is currently, and will be through consummation of the Reorganization Transactions, treated as a partnership for U.S. federal and most applicable state and local income tax purposes.

Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax rate and an assumed combined state and local income tax rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC Units for shares of our Class A common stock, (2) any existing tax attributes associated with their LLC Units the benefit of which is allocable to us as a result of the exchanges of their LLC Units for shares of our Class A common stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC Units that are exchanged), (3) tax benefits related to imputed interest and (4) payments under such TRA.

For purposes of calculating the income tax savings we are deemed to realize under the TRAs, we will calculate the U.S. federal income tax savings using the actual applicable U.S. federal income tax rate and will calculate the state and local income tax savings using 5 % for the assumed combined state and local rate, which represents an approximation of our combined state and local income tax rate, net of federal income tax benefFor purposes of calculating the income tax savings we are deemed to realize under the TRAs, we will calculate the U.S. federal income tax savings using the actual applicable U.S. federal income tax rate and will calculate the state and local income tax savings using 5 % for the assumed combined state and local rate, which represents an approximation of our combined state and local income tax rate, net of federal income tax beneffor the assumed combined state and local rate, which represents an approximation of our combined state and local income tax rate, net of federal income tax benefit.

It treats as short - term capital gain taxed at ordinary income rates the amount of a taxpayer's net long - term capital gain with respect to an applicable partnership interest if the partnership interest has been held for less than three years.

KARPOWER deal also exempts the seller from all applicable taxes including personnel income tax (a practice common according to internal agreement), however the Government Consent and Support Agreement guarantee is an additional support offered for this Project.

A winner is responsible for paying any applicable income taxes and any and all other costs and expenses not listed above.

As long as you do not plan to use your money until retirement, the RSP is ideal for shifting income from your top earning years when the highest taxes would apply, to your retirement, when income tax is reduced or no longer applicable.

2 — In this case, if gains are LTCG then Rs 1 Lakh is tax - exempt, then basic exemption limit is applied for the remaining Rs 1 Lakh (gains) and the rest of income, the remaining taxable income will be charged to taxes at applicable rate.

Enter the tax year and select the applicable adjusted gross income range for that year.

The income of self - employed borrowers is verified by obtaining copies of personal (and business, if applicable) federal tax returns for the most recent two - year period.

Also, see Form W - 8BEN for instructions on claiming a reduced rate of withholding under an income tax treaty, if applicable to your situation.

Cardholder is responsible for any federal, state or local income or other taxes or gratuities, if applicable.

Anyone who is a citizen of the United States, even if they have never lived in the US, must file a federal income tax return for any year in which their gross income from worldwide sources is equal to or greater than the applicable exemption amount and standard deduction.

Issuing Company: ETF Securities Ltd Ticker: PPLT Expense Ratio: 0.60 % Tax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqTax Treatment: From the prospectus, «Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.&raqtax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.»

A tax of up to 35 % may be applicable to nonpassive income whereas for passive income the percentage is lower and is around 10 - 20 %.

What has changed are the applicable tax brackets — the new law lowered most tax rates and adjusted the income thresholds for the different tax brackets (get details).

You are applying for a CIBC Tax Free Savings Account (the «Plan») and are asking CIBC to please file an election with the Minister of National Revenue to register your Plan as a Tax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax Free Savings Account (the «Plan») and are asking CIBC to please file an election with the Minister of National Revenue to register your Plan as a Tax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax - Free Savings Account under the Income Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicIncome Tax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicatiTax Act (Canada), and, if applicable, the income tax legislation of the Province indicated in the address you provided in this applicincome tax legislation of the Province indicated in the address you provided in this applicatitax legislation of the Province indicated in the address you provided in this application.

Distributions of earnings from nonqualifying dividends, interest income, other types of ordinary income, and short - term capital gains (i.e., on shares held for less than one year) will be taxed at the ordinary income tax rate applicable to the taxpayer.

My income for 2010 would be well below the sum of personal exemption amount and all applicable federal and provincial non-refundable tax credits.

In 2012, eligible lower - income taxpayers can claim a nonrefundable tax credit for the applicable percentage (50 %, 20 %, or 10 % depending on filing status and AGI) of up to $ 2,000 of his or her qualified retirement savings contributions as outlined in the Saver's Credit chart.

Tax deferral under IRC section 1031 does not include any recapture of tax credits (e.g., low - income housing or rehabilitation credits) that may be applicable if the property being exchanged has not been held for the requisite holding period (15 years for the low - income housing crediTax deferral under IRC section 1031 does not include any recapture of tax credits (e.g., low - income housing or rehabilitation credits) that may be applicable if the property being exchanged has not been held for the requisite holding period (15 years for the low - income housing creditax credits (e.g., low - income housing or rehabilitation credits) that may be applicable if the property being exchanged has not been held for the requisite holding period (15 years for the low - income housing credit).

If the gain is too large and the child's unearned income exceeds $ 2,100, you'll end up paying tax at 15 % on the gain, rather than the zero percent rate that is applicable for most children.

B) As MIPs mainly invest in Debt funds please confirm whether the income earned through them are taxable and the same Long / Short Term Capital Gain Tax is applicable on it as it is for other Debt instruments mentioned in your articles.

In the Union Budget 2018 - 19, the Finance Minister has proposed to provide Rs 40000 Standard Deduction from salary income to all employees & pensioners.As per the Tax rules that are applicable for FY 2017 - 18 (AY 2018 - 19); A Salaried individual can Continue Reading...

Most recent two (2) years of business federal income tax returns with ALL schedules for each applicant, if applicable

A. ForpurposeReal EstateLong - term Capital gain would be only if you holdproperty for more than three yearsthen it is subjected to tax @ 20 In case you sellproperty «less than three years time then it would become short - term Capital Gainthe same is required to be taxed atprevailing tax schedulethe rate applicable toassessee dependinghis other incomes

You'll see this or similar language in the prospectus of many metals ETFs: Under current law, gains recognized by individuals from the sale of «collectibles,» including physical platinum, held for more than one year are taxed at a maximum federal income tax rate of 28 %, rather than the 15 % rate applicable to most other long - term capital gains.

GROSS DEBT SERVICE RATIO Percentage of your gross income that will be used for monthly payment of principal, interest and taxes, heating and condominium fees, if applicable.

The Earned Income Credit is only available if your adjusted gross income, or AGI, is less than the applicable maximum for the taxIncome Credit is only available if your adjusted gross income, or AGI, is less than the applicable maximum for the taxincome, or AGI, is less than the applicable maximum for the tax year.

Investors in Realty Income will also benefit from the latest changes to the tax code via the 20 % deduction for pass through income applicable to REITs, MLPs, and general partnerIncome will also benefit from the latest changes to the tax code via the 20 % deduction for pass through income applicable to REITs, MLPs, and general partnerincome applicable to REITs, MLPs, and general partnerships.

Any money accessed illegally will also be assessed as income for the individual and taxed at the applicable marginal tax rate.

The Funds» federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired (the current year and the prior year) are subject to examination by the Internal Revenue Service and state departments of revenue.

Where applicable an estimate of the Division 293 additional contribution tax for those on incomes over the relevant threshold has been included.

He would also be liable for any applicable federal income and state taxes.

Note: When qualifying for a mortgage on a second home the lender will use all sources of your income and all consumer debts (loans, credit card payments) and monthly obligations for housing such as property taxes, mortgage payments on any properties and strata fees (if applicable).

The tax advisor will then need to determine the taxes owed for federal capital gain taxes, the depreciation recapture, state taxes (when applicable) and the Section 1411 net investment income tax (when applicable).

Net Investment Income Tax Pursuant to IRC Section 1411: When applicable, an additional 3.8 % surtax applies to taxpayers with «net investment income» who exceed threshold income amounts of $ 200,000 for single filers and $ 250,000 for married couples filing joIncome Tax Pursuant to IRC Section 1411: When applicable, an additional 3.8 % surtax applies to taxpayers with «net investment income» who exceed threshold income amounts of $ 200,000 for single filers and $ 250,000 for married couples filing joincome» who exceed threshold income amounts of $ 200,000 for single filers and $ 250,000 for married couples filing joincome amounts of $ 200,000 for single filers and $ 250,000 for married couples filing jointly.

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year.

Any earnings that are not used for Qualified Higher Education Expenses are subject to federal and, if applicable, state income taxes.

For example, in 2006 alone the Port of Baltimore generated more than 50,200 jobs, $ 3.6 billion in personal income, $ 1.9 billion in business revenues, and $ 388 million in state, county, and municipal tax.58 The New York City Panel on Climate Change highlighted a broader range of climate impacts on infrastructure sectors (see Table 16.1).11 Although this study focused specifically on New York City, these impacts are applicable throughout the region.

Customer agrees to pay any sales, value - added or other similar taxes imposed by applicable law that Your Firm App must pay based on the Licensed Property and / or services ordered by Customer, except for taxes based on Your Firm App's income.

Adjusted Operating Earnings represents GAAP net income adjusted for exclusion of, a) investment gains and losses, net of tax, b) dividends on participating life policies related to capital gains, c) equity base tax (release), d) a deferred tax benefit associated with a foreign subsidiary, and e) the inclusion of certain statutory interest maintenance reserve amortization, net of tax, with an offset for amortization of deferred acquisition costs where applicable.

As per section 80D, the income tax exemption is applicable for those who have taken a medical insurance for themselves, family as well as their parents.

Under section 80U of Income Tax Act, tax deduction is applicable for disable peopTax Act, tax deduction is applicable for disable peoptax deduction is applicable for disable people.