Sentences with phrase «income for other purposes»

When you take advantage of the 0 % interest promotion, instead of most of your monthly payments going towards interest rather than the principal of your debt, every penny will be going towards eliminating your debt, freeing your future income for other purposes.

It is also income for all other purposes as well — which means it increases Adjusted Gross Income (AGI) and can impact tax deductions (e.g., the medical expense or miscellaneous itemized deductions) or the phaseout of tax credits (from the American Opportunity Tax Credit, to the phaseout of premium assistance tax credits for health insurance).

However, even the unsecured version of the fresh start loan allows you to avoid bankruptcy and other negative effects, and will free up some of your monthly income for other purposes.

Not exact matches

EBITDA does not give effect to the cash that we must use to service our debt or pay our income taxes, and thus does reflect the funds actually available for capital expenditures, dividends or various other purposes.

Distributions made for any other purpose are subject to income tax and a 10 percent penalty.

As discussed above, notwithstanding receipt by HP Co. of a private letter ruling from the IRS and / or opinions of counsel and other external tax advisors, the IRS could assert that the distribution does not qualify for tax - free treatment for U.S. federal income tax purposes.

Cash Flow — for simplicity purposes, we assume net income equals cash flow other than dividends and share repurchases

Accordingly, notwithstanding receipt of the IRS private letter ruling and / or opinions of counsel or other external tax advisors, the IRS could determine that the distribution and certain related transactions should be treated as taxable transactions for U.S. federal income tax purposes if it determines that any of the facts, assumptions, representations, statements or undertakings that were included in the request for the IRS private letter ruling or on which any opinion was based are false or have been violated.

Tokens or «numeric characters» referred to in the document acquired for the purpose of exercising the rights certified by the marker» will be classified in terms of how credit «calculations with different debtors and creditors» and «other income and expenses».

The proposed rules allow individuals to self — certify their income and net worth and the amount of their other crowdfunding investments for purposes of the individual investor limits.

2 A «collective investment scheme» (as defined in Schedule 1 to the SFO) generally has four elements: it must involve an arrangement in respect of property; participants do not have day - to - day control over the management of the property; the property is managed as a whole by or on behalf of the person operating the arrangements, and / or the contributions of the participants and the profits or income from which payments are made to them are pooled; and the purpose or effect of the arrangement is for participants to participate in or receive profits, income or other returns from the acquisition or management of the property.

«If you use the money for purposes other than education, you are taxed regular income taxes on any gains plus a 10 % penalty,» notes Benedict.

Some choose to invest for income reasons, some want to diverse their income or portfolio, other use mutual funds for Risk Management purposes.

A Shareholder that is not a US Shareholder as defined above (other than a partnership, or an entity treated as a partnership for US federal income tax purposes) is generally considered a «Non-US Shareholder» for purposes of this discussion.

SONYMA is a public benefit corporation of the State of New York created in 1970; the agency's purpose is to create affordable homeownership opportunities for low - and moderate - income first - time homebuyers and other qualifying homebuyers.

Income from trust funds received as gifts or bequests may be appropriated only for purposes prescribed by the donors thereof, and income from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were establIncome from trust funds received as gifts or bequests may be appropriated only for purposes prescribed by the donors thereof, and income from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were establincome from other trust funds, except individual life - membership contributions while the contributors thereof are living, may be appropriated only for the support of research unless otherwise prescribed by the Council when the funds were established.

For those paid on contract or as consultants, it is probably worth finding an accountant or other financial adviser to help you determine how best to declare you income for tax purposFor those paid on contract or as consultants, it is probably worth finding an accountant or other financial adviser to help you determine how best to declare you income for tax purposfor tax purposes.

Funds received from patrons * in the Pacific Coast region and from gifts, bequests, or other sources may be invested as trust funds by the Executive Director, as authorized by the Executive Committee, and the income therefrom shall be expended for the purposes of the Division as set forth in Article 2.

Funds received from patrons * in the Pacific Division region and from gifts, bequests, or other sources may be invested as trust funds by the Executive Committee, and the income therefrom shall be expended for the purposes of the Division as set forth in Article 2.

Without strong state - level requirements, districts could use the extra dollars they would receive through a weighted student formula — money intended for low - income students and English learners — for other purposes.

Upon written request, copies of sales drafts and other documentary evidence of transactions made with your Card are available for income tax and other purposes at a reasonable cost.

For example, Arizona and California do not include Social Security as countable income for unemployment offset purposes, but do use other retirement pensions to reduce their unemploymeFor example, Arizona and California do not include Social Security as countable income for unemployment offset purposes, but do use other retirement pensions to reduce their unemploymefor unemployment offset purposes, but do use other retirement pensions to reduce their unemployment.

These accounts shelter returns from after - tax income, assisting Canadians in supplementing RRSP savings for retirement and other purposes.

Paying off a home mortgage in full also would likely free up a significant chunk of your income, allowing you to have more control and freedom to use it for other purposes.

Closing Costs Guaranteed means that AHC Lending's Processing and Underwriting fees (if applicable) for your loan application will not change between the time your rate is locked and the time you close, assuming the following: No change in your loan amount, property value, property type, occupancy purpose, interest rate, lender credit or discount points, credit rating, any stated items on your application, such as your income, assets, job history, address history, legal residency status, or any other factor that may affect the underwriting decision of the loan you applied for do not change.

Student loan consolidation can free up the income that the recent graduate or other previous student has at their disposal for purposes required by everyday living.

For tax - exempt municipal OID bonds, this income is not subject to the ordinary income tax, although it is required to be reported for informational purposes in the same manner as other tax - exempt bond intereFor tax - exempt municipal OID bonds, this income is not subject to the ordinary income tax, although it is required to be reported for informational purposes in the same manner as other tax - exempt bond interefor informational purposes in the same manner as other tax - exempt bond interest.

Income from pensions, 401k plans, IRAs and other qualified retirement plans is excluded from the definition of investment income for purposes of thiIncome from pensions, 401k plans, IRAs and other qualified retirement plans is excluded from the definition of investment income for purposes of thiincome for purposes of this tax.

In other words, for retirement planning purposes it is significant to note that expenses don't typically fall as fast as income.

The FDIC insurance is unique to bank deposits and for all practical purposes no other fixed income investment carries such a guarantee of safety of principal.

The purpose of this type of budget is to ensure you could live off of your emergency fund as long as possible while you search for other means of providing income or you're medically able to go back to work.

Tax - free on the other hand implies income that is not taxable in the hands of investors i.e. the income from such tax - free source is not included in the total income for the purpose of computation of total tax liability.

Indeed, the Fund generates five - figure dividend income for me that, when combined with other sources of passive income, allows me to choose my endeavors not based on money but rather happiness and purpose.

Tax benefit is for indicative purpose and assuming that all the conditions mentioned u / s 80C and other sections of Income Tax Act, 1961 are fulfilled.

However, a gift of assets to a non-spousal trust that names other persons as beneficiaries usually results in a disposition of those assets at fair market value for income tax purposes.

You have to subtract any scholarships, educational assistance, or other nontaxable income spent for educational purposes (other than gifts or inheritances).

The full amount of benefits received is included in net income for purposes of assessing various clawbacks and other net income - based calculations: the OAS clawback (see topic 72) and the age credit (see topic 79).

Unlike payments under the UCCB, amounts received under the Canada Child Benefit are not taxable or included in income for the purpose of other federal income - tested benefits.

There's one exception: any portion of «Wages, tips, other compensation» that's also reflected in the box labeled «Nonqualified plans» doesn't count as «compensation income» for this purpose.

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means teFor purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means tefor the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

For personal financial statement purposes, this is very similar to the personal income statement, so we won't spend as much time here as we did on the other two.

In other words, unless ROC distributions are reinvested in either the same fund or another investment, the interest on the portion of the borrowed money that relates to those distributions would no longer be tax deductible since the funds are no longer being used for an income - earning purpose.

Realty Income presents this data for informational purposes only and makes no representation about its future performance or how it will compare in performance to other indices in the future.

For purposes of state income tax, interest on United States savings bonds, United States treasury bills, and various other bonds or obligations of the United States and U.S. territories are exempt.

But there is a huge difference between INCOME and ASSETS, and many consumers who can't sustain regular monthly payments due to lack of income or other financial hardship are able to use some of their dwindling savings for the purpose of settlements.

The trustee treats the catch - up payment, for all other purposes, as if it were made in the prior income year.

They do not apply for other purposes such as determining when a superannuation income stream ceases for the purposes of calculating a fund's exempt current pension income.

For example, paying off your mortgage — one of most households» largest expenses — can allow you to use your retirement income for a variety of other purposes or simply continue to saFor example, paying off your mortgage — one of most households» largest expenses — can allow you to use your retirement income for a variety of other purposes or simply continue to safor a variety of other purposes or simply continue to save.

The characterization of distributions for tax purposes (such as dividends, other income, capital gains etc.) for each period will be reported only after the Fund's tax year end.

If the plan is owned by someone other than a parent or the student, withdrawals from a plan are reporting as student income in the following year for EFC purposes.