Sentences with phrase «for federal income»

You will pay essentially zero percent on the gains for federal income tax purposes as long as that is your taxable income based upon your tax return.

These certificates enable the homeowner to qualify for a federal income tax credit equal to a percentage of the interest paid on their loan each year.

We intend to qualify as a real estate investment trust, «REIT,» for federal income tax purposes.

With a three - member LLC, your options for federal income tax purposes are to (1) have the LLC treated as a partnership, or, (2) have the partnership treated as a corporation.

Contributions are not deductible for Federal income tax purposes.

ABCs of Housing Bonds (1993) The 5th edition of the ABCs of Housing Bonds introduces readers to the rules applicable to the financing of multifamily and single - family housing with bonds, the interest on which is not included in gross income for federal income tax purposes.

Contributions to RPAC are not deductible for federal income tax purposes.

The standard mileage rate for federal income taxes is rising next year.

Accordingly, this revenue procedure provides a safe harbor that allows a taxpayer to treat the accommodation party as the owner of the property for federal income tax purposes, thereby enabling the taxpayer to accomplish a qualifying like - kind exchange.

It has elected to be taxed as a real estate investment trust for federal income tax purposes.

The Exchange Accommodation Titleholder will be treated as the beneficial owner of the parked property for all federal income tax purposes.

Interests in an entity that is considered to be a disregarded - entity for Federal income tax purposes, such as a single - member limited liability company; this entity must hold either legal title to the property or other Qualified Indicia of Ownership.

In the parking arrangements, taxpayers attempt to arrange the transaction so that the accommodation party has enough of the benefits and burdens relating to the property so that the accommodation party will be treated as the owner for federal income tax purposes.

The Service will not challenge the qualification of property as either «replacement property» or «relinquished property» (as defined in Section 1.1031 (k)-1 (a)-RRB- for purposes of Section 1031 and the regulations thereunder, or the treatment of the exchange accommodation titleholder as the beneficial owner of such property for federal income tax purposes, if the property is held in a QEAA.

This procedure provides a safe harbor under which the Service will not challenge (a) the qualification of property as either «replacement property» or «relinquished property» for purposes of section 1031 of the Code or (b) the treatment of the» «exchange accommodation titleholder» as the beneficial owner of such property for federal income tax purposes, if the property is held in a «qualified exchange accommodation arrangement» (QEAA).

Dues payments to the REALTOR ® Association are not deductible as charitable contributions for federal income tax purposes.

Griffin - American Healthcare REIT IV qualified to be taxed as a real estate investment trust for federal income tax purposes beginning with its taxable year ended December 31, 2016, and it intends to continue to qualify to be taxed as a REIT.

Real property taxes, along with other state and local taxes paid, are deductible for federal income tax purposes.

Therefore, our tuition is not deemed qualified tuition for federal income tax purposes and therefore we can not issue 1098Ts.

However, traditional stand alone long - term care insurance premiums may qualify for a federal income tax deduction.

Private student loans don't qualify for federal income - driven repayment plans or forgiveness programs.

That's because the form tells your employer how much of your paycheck to withhold for federal income taxes.

Taxable disability insurance benefits are classified as «sick pay,» so if you anticipate receiving benefits, you have to submit IRS Form W - 4S, titled «Request for Federal Income Tax Withholding From Sick Pay» to the insurance company.

Generally, for federal income tax purposes, life insurance proceeds due to the death of the insured are not taxable and don't even have to be reported on a federal income tax return.

In order to file for an extension for your Federal income tax return, you have three choices:

Contributions to Fidelity Charitable ® are generally eligible for a federal income tax charitable deduction.

It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

For those programs that have attained IRS 501 (C0 (3) satus, your contribution may be deductible for federal income tax purposes as a charitable contribution.

The Michigan Animal Adoption Network is a Section 501 (c) 3 nonprofit and your donation may qualify as a charitable deduction for federal income tax purposes.

When you transfer real estate to your donor advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize on your taxes.

You fund this trust with cash or appreciated assets — and may qualify for a federal income tax charitable deduction when you itemize.

You fund this type of trust with cash or appreciated assets — and may qualify for a federal income tax charitable deduction when you itemize.

Contributions are deductible for Federal Income Tax purposes.

The fund distributes to shareholders at least annually any net capital gains which have been recognized for federal income tax purposes, including unrealized gains at the end of the fund's fiscal year on futures or options transactions.

Each fund is treated as a separate entity for federal income tax purposes and is not combined with the Trust's other funds.

Each fund is required for federal income tax purposes to mark - to - market and recognize as income for each taxable year its net unrealized gains and losses on certain futures contracts as of the end of the year as well as those actually realized during the year.

The fund is required for federal income tax purposes to mark - to - market and recognize as income for each taxable year its net unrealized gains and losses on certain futures contracts as of the end of the year as well as those actually realized during the year.

The deduction is not allowed for any portion of premiums for which you have been reimbursed, have claimed a deduction for federal income tax purposes, have claimed another Virginia income tax deduction or subtraction, or have claimed a federal income tax credit or any Virginia income tax credit.

The maximum yearly loan repayment is $ 40,000, minus about 25 % for federal income taxes, which are taken out prior to lender repayment.

Interest earned on EE bonds with January 1, 1990, and later issue dates may qualify for exclusion from income for Federal income tax purposes if the owner pays his or her tuition and required fees or those of his or her spouse or legally dependent children at colleges, universities, and qualified technical schools during the year eligible bonds are redeemed.

Interest paid on bonds issued by states or municipalities that is tax - free for federal income tax purposes.

If a Fund fails to qualify as a regulated investment company under Subchapter M in any fiscal year, it may be able to pay a tax penalty on the portion of income that caused to inadvertently violate Subchapter M or it will be treated as a corporation for federal income tax purposes.

Shareholders electing to receive distributions in the form of additional shares will have a cost basis for federal income tax purposes in each share so received equal to the net asset value of a share on the reinvestment date.

Each Fund reports the character of distributions for federal income tax purposes each calendar year on Form 1099 - DIV.

Distributions may include amounts characterized for federal income tax purposes as ordinary dividends (including qualified dividends), capital gain distributions and nondividend distributions, also known as return of capital distributions.

This article will explain options about past due student loans, specifically how to apply for a federal income based repayment plan.

With a 529 plan, all contributions are made post-tax for federal income tax purposes.

The interest on the bond is excluded from the gross income of its owners for federal income tax purposes under Section 103 of the Internal Revenue Code of 1954, as amended.

Contributions to Fidelity Charitable ® are generally eligible for a federal income tax charitable deduction, please consult with your tax advisor.

Thrift Savings Plan payments are taxable as ordinary income for Federal income tax purposes for the year in which they are disbursed.