Sentences with phrase «for tax purposes without»

You can't report a loss for tax purposes without changing your investment position.

«If you have investments in taxable accounts that are worth less than you paid for them, you may be able to realize those losses for tax purposes without affecting your allocation,» said Curry.

Not exact matches

ROBS allows you to roll over funds from an eligible retirement account for the purposes of purchasing a business — without triggering an early distribution or tax penalties.

In this case, the purpose is NOT to limit federal estate taxes but rather to enhance the likelihood of qualifying for «need based» Medicaid benefits without having to «spend down» the estate assets.

Unless you live in one of the states without an income tax, you will have another chunk of your income taken out for state tax purposes.

You can withdraw2 funds from your TFSA at any time for any purpose without having to pay tax on the withdrawals.

In essence, it is an investment set up to produce near - term losses for tax purposes by means of borrowing without positive cash flow.

A Roth IRA could be used as your emergency fund, since you can withdraw your contributions to your Roth IRA at any time for any purpose without tax or penalty.

For Canadian tax purposes, Rob would include the $ 100,000 in his Canadian tax return as foreign pension income (as illustrated by the mechanics in the case above), but he would get an offsetting deduction for a $ 100,000 RRSP contribution since there is a special rule that allows you to contribute IRA funds to an RRSP without needing unused RRSP roFor Canadian tax purposes, Rob would include the $ 100,000 in his Canadian tax return as foreign pension income (as illustrated by the mechanics in the case above), but he would get an offsetting deduction for a $ 100,000 RRSP contribution since there is a special rule that allows you to contribute IRA funds to an RRSP without needing unused RRSP rofor a $ 100,000 RRSP contribution since there is a special rule that allows you to contribute IRA funds to an RRSP without needing unused RRSP room.

The information contained in this website is subject to change without prior notice and is not to be reproduced, copied or otherwise made available to persons other than those for whom it is intended, especially anyone outside the UK for tax or investment purposes, without the prior written consent of First State Investments.

This transfer of data had occurred without the consent or knowledge of the relevant individuals and for purposes other than those for which the data had initially been communicated to the tax agency.

(1.1) The Minister of Finance may make regulations to limit the changes in taxes for school purposes from the taxes for school purposes in 2000 or in any subsequent year or to give relief from taxes for school purposes in territory without municipal organization.

257.13.2 The Lieutenant Governor in Council may make regulations governing the collection of unpaid taxes for school purposes on property in unorganized territory that is annexed to a municipality or that is incorporated as a municipality including, without limiting the generality of the foregoing,

257.2.1 (1) The Minister of Finance may make regulations to limit the changes in taxes for school purposes from the taxes for school purposes in 1997 or to give relief from taxes for school purposes in territory without municipal organization.

(5) If, under the Income Tax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatiTax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatitax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislation.

257.25 (1) The Lieutenant Governor in Council may make regulations for the purposes of this Division prescribing property classes and establishing school purpose tax ratios for municipalities and territory without municipal organization that are situated within the area of jurisdiction of a board.

(6) For the purpose of subsection (5), losses from self - employment shall be determined in the same manner as losses from the business in which the person was self - employed would be determined under subsection 9 (2) of the Income Tax Act (Canada) and the Income Tax Act (Ontario), without making any deductions fFor the purpose of subsection (5), losses from self - employment shall be determined in the same manner as losses from the business in which the person was self - employed would be determined under subsection 9 (2) of the Income Tax Act (Canada) and the Income Tax Act (Ontario), without making any deductions forfor,

For practical purposes, a breach may arise: (i) if a state may makes discriminatory legislative reforms which adversely affect the international investment; or (ii) if a state arbitrarily or capriciously denies tax exemptions to international investors in respect of revenues or profits generated by their investment; or (iii) if a state discriminates against an international investor by refusing to grant or renew permits; or (iv) if a state expropriates investment assets without due and proper compensation paid to the investor etc..

Like many states, Rhode Island uses federal taxable income, as determined under the current IRC (but without special deductions allowed under federal law), as the starting point for determining taxable income for purposes of the business corporation tax.

On the other hand, with a permanent life insurance policy, which many advisers suggest families purchase for this purpose, the insured is allowed to borrow against the policy's cash value without any tax penalties.

There shouldn't be any tax implications for using the LLC as opposed to doing things without a corporate entity because your single member LLC would be a disregarded entity for taxation purposes.

Without the Internet expenses, which are partially deductible for income tax purposes, Insignia would have reported net income of $ 1 million, or $.05 per share for the first quarter.»