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.
Given the interest
in offshoring business and assets among the ultra rich technorati, it seems unlikely that congress would ultimately be able to pin down
tax liability, labor rules or
much else if these companies decide to exercise their technical genius to seastead, build a jungle city, or find a nice island to operate from.
And
in New Jersey, where local property
taxes are a
much bigger concern than state income
taxes, incoming Democratic governor Phil Murphy and two Democratic congressmen have floated a proposal to create a charitable foundation similar to the one being contemplated for California and New York, but with property -
tax purposes targeted and a new state
tax credit created against property -
tax liability.
People's council
tax liabilities depend on which «band» their property is
in, the number of council
tax payers
in the local authority's territory (the council
tax base), how
much the local authority intends to spend that year and the funding it has been allocated from central Government.
Under the new rules, as
much as $ 140 million
in corporate
tax liabilities and insurance premiums may be applied to the program
in the 2011 budget year.
Lastly, cash is not cash: if you do a little work, you'll find that there's a lot of cash
in Hong Kong and there are significant potential
tax liabilities in getting it to the US, so cash is
much lower unless you can use it
in HK.
That means you could receive as
much as $ 1,000 even if you had no
tax liability,» says Miles Brkovich, a CPA with Bennett & Brkovich, LLC
in Latrobe, Pennsylvania.
The projected
tax liability of the grantor's estate and the type of estate assets are the primary factors
in deciding how
much insurance to purchase.
It's not as good as a dollar for dollar reduction
in your
tax liability, but it can reduce how
much you owe over all.
It would be ideal to invest entirely
in super-safe debt instruments that match the expected
liability cash flows, but that would require too
much in taxes from the citizenry.
As of now, I have been maxing out my SEP (it's the self - employed's 401K) & contributing to other retirement accounts such as IRA's
in order to decrease my
tax liabilities & keep as
much money as I can.
«I think the wealthy will be pretty
much where they are»
in terms of
tax liabilities, Trump told reporters on Sept. 13.
Depending on how the LLC is
taxed (as well as the future LLCs you create), you may be paying
much more than necessary
in taxes; and you also might be opening yourself up to a good bit of
liability by holding any properties outside the LLC.