Sentences with phrase «held by the taxpayer»

Carried interests: The act provides for a three - year holding period in the case of certain net long - term capital gain with respect to any applicable partnership interest held by the taxpayer.

Unlike equity - based options, each 1256 option contract held by a taxpayer at the end of the year is treated as if it were sold for its fair market value or mark - to - market (MTM) on the last business day of the year, and gains or losses are treated as either short - term or long - term capital gains.

Not exact matches

Thus, a patent held by its creator or by a taxpayer whose basis is determined by reference to the creator's basis would be an ordinary asset.

The intent of FATCA is to discourage tax evasion by U.S. taxpayers who hold financial assets with non-U.S. financial institutions.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

This allowed Wall Street's speculative trading activities in its investment banks and brokerage firms to merge with commercial banks holding insured deposits that are backstopped by the U.S. taxpayer.

The IRS is empowered by the federal government to take extreme measures to hold taxpayers responsible for paying their taxes.

Australia's major banks are going to struggle to counter the proposition put by banking eminence David Murray that they should hold more equity capital to protect taxpayers against future financial shocks.

The case against the park district, brought in a civil action filed last May by the Cook County state's attorney's office, alleges that park district officials improperly took office in the Southwest suburb, misspent hundreds of thousands of dollars of taxpayers» money, failed to hold any recreational events and violated numerous governmental codes, including the Open Meetings Act.

Public financing is opposed by Senate Republicans, who hold a 32 - 29 majority, and argue that taxpayer money shouldn't go toward potentially corrupt politicians.

We are concerned that by allowing the IDC to remain an independent conference, the IDC would continue to earn extra stipends at cost to taxpayers for positions they often do not even hold.

Fortunately for taxpayers, Governor Cuomo has held the line and turned back efforts by anti-cap activists to «go under the hood» and tinker with the cap.

«Businesses found making these illicit sales will be held accountable for defrauding New York State taxpayers and placing retailers who are playing by the rules at a competitive disadvantage.»

«The Convention held in 1967, which Chairman Michael R. Long participated in, was a colossal waste of taxpayers» money and if one was held now, it would cost taxpayers even more money and be controlled by the same special interests that already have a strong presence in the legislative process,» the party said in a statement.

The protesters also blasted Puzder for his opposition to the minimum wage, pointing out that in 2013, researchers at the University of California at Berkeley found that CEOs like Puzder cost taxpayers $ 7.3 billion per year in public assistance by holding down pay for their employees.

They treat the office they hold as a piggybank filled by taxpayers.

RBS was bailed out by # 45 billion of taxpayers» money, leaving the government holding an 81 % stake in the bank.

The cleaners are employed by two private contractors, KGB Holdings and Greenzone, but the union believes ultimate responsibility for staff rests with the Royal Household, which receives around # 30 million a year from taxpayers.

THE ELIZABETHTOWN - LEWIS CENTRAL SCHOOL BUDGET HEARING, BUDGET VOTE & BOARD MEMBER ELECTIONNotice is hereby given that a Budget Hearing of the inhabitants of the Elizabethtown - Lewis Central School District, Essex County, New York, qualified to vote at school meetings in the District will be held at the school on Tuesday May 8th, 2018 at 7:30 p.m. for the purpose of hearing the report of the meeting.Notice is also hereby given that the vote on adoption of the budget for 2018/2019 school year and a levying a tax on taxable property of the District will take place on Tuesday May 15th, 2018, between the hours of 12:00 noon and 8:00 p.m.Notice is further given that a copy of the statement of an amount of money which will be required during the ensuing year for school purposes, exclusive of public monies may be obtained by a resident or taxpayer in the District during the fourteen days immediately preceding the Budget Vote / Election except Saturday, Sunday and holidays, at the District Office during the hours for 8:00 a.m. to 4:00 p.m. (DST).

Public authorities, run by his appointees, can borrow with state taxpayers» backing without requiring voter approval, as when the state holds a referendum for a major bond act for transportation or environmental projects.

«Dianne Hayter, chairman of Labour's National Executive Committee, said: «We do not believe a parliamentary by - election should be held at taxpayers» expense to resolve tensions at the top of the Conservative Party... She claimed that Mr Davis had done a deal with Liberal Democrat leader Nick Clegg, who said last week that his party would not contest the by - election, and never intended to put his seat at risk.»

We have been stewards of taxpayer dollars by cutting government and holding the line on property taxes.

The seat had been held by Republican Rep. Pat Meehan, who resigned amid an ethics investigation into his use of taxpayer money to settle sexual harassment allegations by a former aide.

The Governor's tax freeze, which is supported by 73 percent of all New Yorkers, would hold these governments accountable to making these reforms and helping deliver the relief that taxpayers deserve.»

The board is divided on whether Ciminelli should be held more accountable for how it spent $ 1.4 billion in taxpayer money, but all members Monday agreed that the supplemental information requested in previous months by school board members Larry Quinn and Carl Paladino was not provided to the board early enough for a careful review.

«It's clear that some local officials don't want to be held accountable by taxpayers for staying within the cap and taking action to share services, reduce costs, and lower property taxes,» said Larry Schwartz, the secretary to the governor.

This figure only includes closed primaries run by the state — caucuses, while also exclusionary to unaffiliated voters, do not cost taxpayers anything in the states in which they are held.

«Mr. Trump held a fundraiser down in New York City a few weeks back and did raise some money, but they have — I would use the word — «struggled» to raise the private funds needed to pay these individuals who are working on behalf of the taxpayers but not being paid by the government,» said Congressman Chris Collins, who has been an advocate for Trump since early in his presidential campaign.

I do agree, that holding any lease payments in escrow until the tax lien is satisfied, as ordered by the Executive, is in the best interest of the county's taxpayers and will hopefully encourage the property owners to act quickly to pay their back taxes.

The governor expressed a rare public moment of annoyance when a Buffalo TV reporter asked him whether it was necessary to hold the same event three times, all financed by the taxpayers.

Or is there a wide gap between the views that teachers hold and those held by parents, taxpayers, and the public as a whole?

High net worth people who establish a foundation can direct a portion of their fortune to the pursuit of goals through the foundation they hold dear but that may not be shared or prioritized equivalently by large segments of the taxpayer population.

Examples of the schools students can «choose» include: a Milwaukee school that accepted $ 2.3 million of taxpayer funded vouchers but abruptly closed in the middle of the school year; a school in Florida where classes were held in public parks once the school was declared unfit by the fire marshall; or hundreds of schools that teach creationism in science classrooms.

They are held accountable for improved student achievement, receive taxpayer funding and are governed by their own boards.

Why didn't the Post examine their motives and how students and taxpayers are held hostage for political, personal, and financial gain by the reformers before the «manifesto» was published?

Backed by science and drawing on the logic of industry, it promises to impose efficiency across an unruly educational landscape — centralizing a decentralized system, holding educators accountable, and protecting taxpayer money.

And this is hardly new or novel — the feds have forced «voluntary» compliance with its education dictates for decades by holding taxpayer dollars hostage.

School districts and campuses would be held responsible by policymakers and taxpayers if they did not provide a decent education for every student.

But rather than holding Perry accountable for his failings, Governor Malloy's Commissioner of Education, Stefan Pryor, has supported his taxpayer - supported entrepreneurial efforts by pushing through approval of a plan that would allow Perry to use his private company to a charter school in New Haven.

Because MI selection is currently handled by the lender as part of the primary market process, the IMAGIN program sets a precedent of allowing the GSEs to participate in primary market activities while also putting the taxpayer at greater risk by circumventing the high capital and regulatory standards that MIs are held to today.

So we the taxpayers are going to eat a ton of bank losses that should instead be borne first by stockholders and bondholders This program should be labeled the Pimco bailout plan, since the giant bond fund holds a lot of bank debt.

Institutions must be held accountable when they get paid by students and taxpayers but fail to deliver a quality education.

The belief held by the Obama Administration seemed to be that IDR plans could save taxpayers money by preventing more borrowers from defaulting on their loans.

For purposes of this subsection, an interest in real property purchased as replacement property for a compulsorily or involuntarily converted outdoor advertising display defined in subparagraph (C)(and treated by the taxpayer as real property) shall be considered property of a like kind as the property converted without regard to whether the taxpayer's interest in the replacement property is the same kind of interest the taxpayer held in the converted property.

According to the budget announcement, things should be easier next year, at least for those whose holding in U.S. - listed ETFs are between $ 100,000 and $ 250,000: «Under the revised form being developed by the Canada Revenue Agency, if the total cost of a taxpayer's specified foreign property is less than $ 250,000 throughout the year, the taxpayer will be able to report these assets to the Canada Revenue Agency under a new simplified foreign asset reporting system.»

CONSTRUCTIVE RECEIPT: Although a taxpayer does not have actual possession of the proceeds, they are legally entitled to the proceeds in some manner such as having the money held by an entity considered their agent or by someone having a fiduciary relationship with them.

By holding back AIB's ability to return to profitability and rebuild its capital, this exposes taxpayers to the risk of having to inject even more money into the bank down the road.

The qualified intermediary documents the exchange by preparing the necessary paperwork (Exchange Agreement and other documents), holds the exchange proceeds on behalf of the taxpayer, and structures the exchange after an assignment of the sale and purchase contracts by selling the relinquished property and purchasing the replacement property.

By requiring lenders to hold back more money in their own reserves — to cover potential defaults, should markets correct and prices fall — OSFI is reducing taxpayer's risk at having to cover a shortfall and putting more responsibility on mortgage lenders.

They perform at massive annual conferences held in exotic locations, serviced by top hotels and airlines, and funded largely, directly or indirectly, by reluctant taxpayers.