Sentences with phrase «huge tax liabilities»

Cassell von Baeyer, a partner in the Incline Law Group in Nevada, who specializes in real estate, told me that «we still see on a daily basis» people who are working on foreclosures or short sales and face huge tax liabilities if the debt - forgiveness exemption is not extended into 2017.

Because of the deemed disposition of all assets at death and the resulting capital gain, as well as the entire RRSP or RRIF being added to income, many people have huge tax liabilities at death.

«There are strategies the company might use to make the S selection sooner without incurring a huge tax liability, but Jason and his father need help in exploring those options.

And today, there's a wall of cryptocurrency effectively trapped out there — investors fear missing out on gains, they don't want to return to fiat currencies, plus they want to avoid the risk of a huge tax liability.

Not exact matches

«If you anticipate the kind of huge appreciation in your personal wealth that could come from an IPO or a company sale, the best thing you can do is transfer stock to your heirs before the sale, because it will be worth much less then, and that minimizes the tax liability,» explains Allan Landau, a partner with Boston law firm Sherburne, Powers & Needham.

So, a divestment of his specific blend of ownership assets and deferred liabilities would trigger not only a huge tax bill, but, also result in the taxation at ordinary income tax rates.

«We understand that the hundred largest taxpayers in the state had a huge, huge drop in their income tax liability, in the payments that they filed in April.»

Regardless, I do expect the PV of future tax liability to be much less because I fully expect to be withdrawing at lower tax rates (assuming current tax rates hold, which I grant is a huge assumption).

During times of deficit spending, tax liability escaped by «wind farm» owners adds to amounts that must be borrowed to cover the deficit and, therefore adds to the huge and growing national debt burden that will fall on our children and grandchildren.

The analyst started by explaining the massive pressure put on the prices because of the huge amounts of selloffs by investors seeking to reduce their tax liabilities.