Sentences with phrase «for purposes of taxation»

Assessed Value: The valuation placed on real property for purposes of taxation.

The US Internal Revenue Service issued a notice in late March that classified bitcoin as property for purposes of taxation, clarified that mined bitcoins are taxable at the time they are received, and specified that bitcoins received in connection with a trade or business or as wages are subject to withholding and / or payment of Medicare or social security taxes.

Additionally, all members of an LLC are considered self - employed for purposes of taxation.

The US treasury has IRS (Internal Revenue Service) for the purposes of taxation law administration.

Two manuscripts in particular have intrigued scholars because they portray land holdings in the Valley of Mexico along with their measurements, using the Aztec numbering system, for purposes of taxation.

The remaining items refer to deductibility of charitable contributions, gifts and bequests, which are otherwise taxable — deductibility not to the recipient nonprofit organization, but to the donor, on the rationale that what the donor gives away to a charitable organization should not be treated as income for purposes of taxation since, unlike taxable income, it does not represent the consumption or accumulation of income for the donor's personal aggrandizement.

For the purposes of taxation, meanwhile, reimbursing somebody for a product or service in BitCoins is treated as barter.

The exemption is equal to $ 25,000 off of market value for the purposed of taxation.

Annuity is treated like your normal income and added to your total income for the purpose of taxation.

However, whilst the above fits the popular definition of passive income, some countries also impose a more technical definition for the purpose of taxation.

Hence it is only after money has first been earned by an individual that it will be evaluated for the purpose of taxation and the latter is what takes place during the assessment year.

Furthermore, John McAfee, the technology security expert, wrote an article recently suggesting that decentralized exchanges make it more difficult to trace funds for the purpose of taxation, which could be a problem for government regulatory agencies.

John McAfee, the technology security expert, recently wrote an article suggesting that decentralized exchanges could be a problem for government regulatory agencies, as these exchanges make it more difficult to trace funds for the purpose of taxation.

Assessor: a government official who is responsible for determining the value of a property for the purpose of taxation.

Not exact matches

So going with a family unit for taxation purposes would solve a lot of these «inequities».

It does not discuss all aspects of U.S. federal income taxation that may be relevant to particular holders in light of their particular circumstances or to holders subject to special rules under the Code (including, but not limited to, insurance companies, tax - exempt organizations, financial institutions, broker - dealers, partners in partnerships (or entities or arrangements treated as partnerships for U.S. federal income tax purposes) that hold HP Co. common stock, pass - through entities (or investors therein), traders in securities who elect to apply a mark - to - market method of accounting, stockholders who hold HP Co. common stock as part of a «hedge,» «straddle,» «conversion,» «synthetic security,» «integrated investment» or «constructive sale transaction,» individuals who receive HP Co. or Hewlett Packard Enterprise common stock upon the exercise of employee stock options or otherwise as compensation, holders who are liable for the alternative minimum tax or any holders who actually or constructively own 5 % or more of HP Co. common stock).

The potential tax benefits from investing in MLPs depend on their being treated as partnerships for federal income tax purposes and, if the MLP is deemed to be a corporation, then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the fund which could result in a reduction of the fund's value.

But for the past 8 decades they have welcomed the Hypocritical big businessmen, who profess faith yet stand vehemently against taxation designed to aid the poor, a cornerstone of almost all faiths, and have consistently forced people to LINK Church and State by means of creating policies with subliminal purposes.

The purpose of the Roman census was for taxation, and the Romans were interested in where the people lived and worked, not where they were born (which they could have found out by simply asking rather than causing thousands of people to travel).

So for three of the President - elect's apparent purposes (trade, security, taxation), Congress neither can nor may constrain him under current law or politics: in the short - term, the forty - fifth President will be able to get his way.

«1) If when determining the liability of a person to taxation, duty or similar charge due under statute in the UK it shall be established that a step or steps have been included in a transaction giving rise to that liability or to any claim for an allowance, deduction or relief, with such steps having been included for the sole or one of the main purposes of securing a reduction in that liability to taxation, duty or similar charge with no other material economic purpose for the inclusion of such a step being capable of demonstration by the taxpayer, then subject to the sole exception that the step or steps in question are specifically permitted under the term of any legislation promoted for the specific purpose of permitting such use, such step or steps shall be ignored when calculating the resulting liability to taxation, duty or similar charge.

Further, Article V, Section 2 (1) of the Constitution states that «the power of taxation shall be exercised in a just and equitable manner, for public purposes only.»

Blaine Amendments, which were passed during that period in many states for the sole purpose of preventing Catholic schools from receiving government funding, prohibits «money raised by taxation» from being «granted or applied for the use of the schools or institutions of any religious sect or denomination.»

If the employee is an Australian resident for taxation purposes, $ 18,200 of their yearly income is not taxed.

So going with a family unit for taxation purposes would solve a lot of these «inequities».

If an employee is entitled at the end of the year to receive an amount in a future year and one of the main purposes for this arrangement is to defer or postpone taxation, the amount will be taxed as a benefit to the employee in the current year.

Your Social Insurance Number (SIN) is a 9 - digit number issued by the Government of Canada and is required for Canadian taxation purposes.

The process of placing a value on property for the strict purpose of taxation.

Of course, you shouldn't invest solely for taxation purposes, but it is definitely an option for you to consider.

I'm not necessarily looking for a tax advantaged strategy (there is no appreciable taxation difference between the Schedule C or S - Corp business entity vehicles aside from SE taxes), but for the purposes of accounting and transparency, I question whether an S - Corp would be of value.

The purpose for it's creation was to halt double taxation of the one income source.

Assessed Value — The value placed on a property by the local tax assessor for the sole purpose of taxation.

All increases in value would be taxed, and assets where the increase can't be measured would assume a 15 % annual return for taxation purposes, with a true - up at the sale of the asset.

And that is because of loopholes in the tax code for social engineering purposes, but even more for the ability to defer taxation of what should be income.

In a decision released today, the Upper Tribunal has held that HMRC's approach to the taxation of bodies established by statute for the purposes of promoting tourism is incorrect.

(m) the deeming, for any purpose, including but not limited to purposes related to elections and taxation, of any territory without municipal organization that is within the area of jurisdiction of a district school board,

E.g., is the punchline that the earnings of a «controlled corporate group» are aggregated for purposes taxation?

For this purpose the commentary asks if their application should be limited to certain kinds of dispute («simple fact - based disputes and basic remedies»), or should have certain kinds of dispute excluded from their scope (e.g. personal injury, intellectual property, taxation, privacy).

(3) A part of the common elements of a corporation that is not a common elements condominium corporation constitutes a separate parcel for the purpose of municipal assessment and taxation if it is leased for business purposes under section 21, the lessee carries on an undertaking for gain on it and it is in the commercial property class prescribed under the Assessment Act.

[51] The express purpose of Rule 15 - 1 is to streamline the process both for trial and, presumably, taxation of costs.

It seems to me that the ratio decidendi of the Eurig case in the Supreme Court in about 1998 came out of the clear blue sky: that a fee that recovers more than the cost of providing the service for which it is charged is a tax, and thus must satisfy the legal requirements of taxation, namely that it be authorized by legislation and for provincial purposes, that it be a direct tax.

If the Attorney General has officially determined that you renounced US citizenship for the purpose of avoiding taxation, you have a lifetime ban under INA 212 (a)(10)(E), and there is no immigrant waiver for this ban.

There's no legal status of «US resident» outside of a particular purpose; residency is defined differently for different purposes (taxation being the most prominent).

For taxation purposes, the policy can be used to claim a deduction on business taxes under the category of business expenses.

The grey market makes it more difficult to track revenues for taxation purposes, contributes to a public safety threat as cash intensive businesses are often targets for criminal activity, and prevents proper tracking of large swaths of finances across the nation.

Gray added that Hashchain seeks to provide a solution for a huge problem currently faced in the crypto community, which is the obstacle of efficiently reporting cryptocurrency holdings for taxation purposes.

It has been reported that the agency is in conversation with the biggest international technology companies for finding out an effective method of tracking cryptocurrency trading for taxation purposes in the country.

In March 2014, the IRS began issuing guidance for the taxation of cryptocurrency, which they treated as a property that had capital gains or capital losses for tax purposes.

This action affecting America's largest Bitcoin exchange — arguably the most comprehensive sweep of virtual currency for the purpose of identifying lawbreakers — has massive implications for the future of financial privacy and taxation.

Unfortunately, with the general insatiable desire to reduce taxation, many taxpayers and tax advisors alike have veered from the true purpose of Trusts (see first paragraph) and blindly pursue the Conduit - Principle as the sole or primary reason for using Trusts.