Sentences with phrase «for tax purposes when»

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

There are many situations that allow you to deduct the cost of commercial auto insurance for tax purposes when you use your vehicle for commercial or business use.

This is used for tax purposes when calculating taxable gains.

Would my status be a resident alien for tax purposes when I am to file taxes in 2019?

Generally, wage - loss replacement benefits payable on a periodic basis under a group sickness or accident insurance plan to which an employer has contributed are included in an employee's income for tax purposes when those benefits are received.

She might lose money on the new purchase, but still be required to report a gain for tax purposes when she backs out of it.

Since the RDSP contributions are not deductible for tax purposes when they are made, they are not taxable when withdrawn.

Normally for tax purposes when property is transferred from one person to another it is done at fair market value when the transfer is made.

Why bother trying to establish the wealth of everyone for tax purposes when capital gains taxes, inheritance taxes and others place a heavier burden on the wealthier anyway?

Not exact matches

When the government required electronic invoicing for tax purposes in June 2010, Avon's computer systems, already nearing capacity, were further strained.

Every accountant will be different when it comes to frequency of communication for tax planning purposes.

You'll have a capital gain or a capital loss when you dispose of bitcoin because virtual currencies are considered property for tax purposes.

I would personally recommend you reduce equity exposure to 60 % total if and when there is a correction in the bond market, specifically muni bonds for tax purposes based on your income.

In consultation with senior management, oversee regulatory compliance with respect to compensation matters, including overseeing the Company's policies on structuring compensation programs to preserve tax deductibility, and, as and when required, establishing performance goals and certifying that performance goals have been attained for purposes of Section 162 (m) of the Internal Revenue Code.

If that day falls on a weekend or holiday, payments will be issued on the last business day of the previous month (except January when, for tax purposes, the payment must be issued on the first business day of the month).

Conversely, if the value of their bitcoin decreases they can write off the losses when accounting for them tax purposes.

Your monthly credit card statement likely comes with an itemized list of transactions and merchants, which makes things easier when you're sticking to budgets or recording for tax purposes.

But accountants compromised the clarity and integrity of their public role when they defined themselves solely as make - up artists, emphasizing quarterly reports for the sake of stock market prices or annual returns for tax purposes.

The individual citizen has little or no choice in the matter when the legislature taxes the citizenry and appropriates a portion of the revenues as subsidies to private organizations for purposes it deems appropriate (and of course it could not properly give any such subsidies to churches).

Further, if I do not resist when Caesar comes to confiscate that money for tax purposes, that certainly is not to be interpreted as a show of my personal approval and support of the purposes for which Caesar uses the money.

For tax purposes, camps can deduct the cost of the tangible assets they purchase as business expenses; however, camps must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken.

Current law requires NY fuel distributors to pay fuel taxes on all fuel up front and apply for a refund when they subsequently sell the product for an exempt purpose.

When New Yorkers vote next week, they will see this proposal on the ballot, «The purpose of the proposed amendment to section 9 of article 1 of the Constitution is to allow the Legislature to authorize and regulate up to seven casinos for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated.»

However, pollster Steve Greenberg says that when given the specific wording of the amendment on the ballot in November and asked whether they would vote yes or no to approve an amendment to «allow the Legislature to authorize up to seven casinos in New York State for the legislated purposes of promoting job growth, increasing aid to schools, and permitting local governments to lower property taxes through revenues generated,» 55 percent said yes they would approve it, compared to 42 percent who say no they would not.

The governor - elect was HUD secretary when the Rudy's City Hall got HUD to go along with the artful manipulation of the Dayton Seaside property taxes to create illusion of vast arrears for purpose of forcing new owners at these three Rockaway apartment buildings.

When you contribute to the Foundation, you will receive a charitable tax receipt for income tax purposes.

When the value of the reward items for which you have redeemed points reaches $ 600 or more in a calendar year, a 1099 tax form will be generated and mailed to you for tax reporting purposes.

Teachers will be unhappy to hear that public enthusiasm for increasing teacher pay falls through the floor when people are told current salary levels and asked if they are willing to pay additional taxes for that purpose.

Charter schools are not public schools although they call themselves that when it serves the purpose of getting public money but declare they are not public schools when there are requests for transparency in how the public tax money is spent.

When we pay you, we don't hold back any portion of your payment for income tax purposes.

Your home and retirement accounts will be counted when your estate is valued for tax purposes, and proceeds from your life insurance could be counted, too, depending on how the policy is owned and who gets the money.

Things get tricky when there are purchases and sales in the same year, but the main idea is that it's important to distinguish between regular expenses and capital expenses as they are treated differently for tax purposes.

For tax purposes, your child would be treated as self - employed, meaning that they would be required to file a tax return and pay a 15.3 % self - employment tax when income exceeds just $ 400.

Quicken is more useful when it comes to analyzing long - term spending trends, monitoring your investments, and recording expenses for tax purposes

When this occurs, you will find on this page essential information you will need for tax reporting purposes, including:

You become a resident of Canada for income tax purposes when you establish significant residential ties in Canada, usually on the date you arrive in Canada.

But CCA (Capital Cost Allowance — depreciation for tax purposes) isn't so straight forward and may actually increase the taxes you pay when you sell later on.

He explained that he rarely even checks his stock prices, and when he does it is usually for tax purposes only.

When 529 funds are used for these qualified purposes, there is no federal income tax on investment gains (no capital gains tax, ordinary income tax, or Medicare surtax).

When you hold a RRIF, you must withdraw a minimum each year and report that amount for tax purposes.

When we invest in 5 year NSCs, I get to know we need not consider interest income for tax purposes till 5th year, when the whole interest accumulated to be considered taxaWhen we invest in 5 year NSCs, I get to know we need not consider interest income for tax purposes till 5th year, when the whole interest accumulated to be considered taxawhen the whole interest accumulated to be considered taxable.

For tax purposes, property values are reassessed when real estate is sold, which often translates into higher taxes for new owneFor tax purposes, property values are reassessed when real estate is sold, which often translates into higher taxes for new ownefor new owners.

For tax purposes your holding period for the stock begins when it becomes vestFor tax purposes your holding period for the stock begins when it becomes vestfor the stock begins when it becomes vested.

Withdrawals, including any earnings, are federal tax - free when withdrawn to pay for qualified higher education expenses.1 Contributions are not deductible for federal income tax purposes.

There are two purposes for this — first, you can easily track the inflows and outflows of your business finances, and second, when it's time to pay taxes having your business finances separated will save you many hours of pulling out your hair trying to figure out your expenses and income.

Here, I am referring to when the IRS decides that a contractor, who typically has wrapped an S - corporation around himself, is not legally a contractor for tax purposes, but rather an employee of each of the individuals for whom he provided services.

They give you a nice consolidated tax statement covering everything: dividends, their buying and selling activity on your behalf, and any selling they did when you withdrew money from the fund for any purpose.

Now, when you finally sell your cottage, the calculation of your cost base, for tax purposes, will be equal to your original purchase price, plus closing costs on acquisition and the capital expenses you've paid for over the years.

The funds in an education IRA can be withdrawn tax free when they are needed for educational purposes.

For tax purposes you would owe capital gains tax on $ 25,000 ($ 125,000 value when you changed the primary use of the property minus $ 100,000 initial purchase price).