Sentences with phrase «income losses in some cases»

Survivors can be awarded damages to cover the cost of past and future therapy, as well as damages for past and future income losses in some cases.

Not exact matches

In that case, according to the IRS, rental losses of up to $ 25,000 for single taxpayers and married couples filing jointly (and $ 12,500 for married filing separately) can be used against other types of income.

In such cases, minority interest shows as either a liability or an equity item on the consolidated balance sheet, and the income, or loss, owed to the minority owners.

Furthermore, in many cases you can even use a loss to offset normal income.

This is probably correct, but there can be transitional difficulties if borrowers have not factored in rising interest rates, have assumed that the debt servicing burden will be quickly eroded by rising incomes or, in the case of investment property, that it can be sold quickly without loss if a need arises.

Marriott International said it anticipates the receipt of an IRS private - letter tax ruling in September, confirming that the distribution of shares of Marriott Vacations Worldwide common stock will not result in the recognition, for U.S. federal income tax purposes, of income, gain or loss by Marriott International or Marriott International shareholders, except, in the case of Marriott International shareholders, for cash received in lieu of fractional shares.

in case there is a loss of income, having a lower monthly payment is very helpful until the income source restarts

It is a response to the disruption of essential family interaction, the disturbance of usual family patterns, the financial insecurity which arises from both the heavy costs of treatment and, in the case of the breadwinner, the loss of family income.

In this case, however, he embraced some of the language of the business community, basically saying it would be unwise to boost the minimum wage to a point the economy can not sustain, causing a loss of the very jobs held by low - income workers this increase is trying to assist.

Speaking to the BBC's Andrew Marr Show, he said: «We are talking in the worst case scenario about half a per cent of net income being the scale of the maximum loss that someone might have.»

In the case of a loss, they eat the cost and deduct it from future income (from accruals paid for re-orders, trade collections, digital, and foreign sales).

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

In case of a temporary loss of income followed by return to previous levels, your repayment plan could be restructured for making the loan current.

Though I agree with the principle that contributing excess funds to save in a TFSA is a worthy venture, the loss in future CPP income does not seem to warrant it, especially with today's population living longer in most cases,» he explains.

The effect is that any deemed capital gain or loss arises in the 2016 - 17 income year, unless deferred in the case of a capital gain.

In this case, the investor would recognize no market discount income and would recognize a capital loss of two points.

Even though the interest paid on a municipal bond is tax - exempt, a holder can recognize gain or loss that is subject to federal income tax on the sale of such a bond, just as in the case of a taxable bond.

Since the F&O income is deemed to be business income & in my case profit is (better say loss) less than 8 % of my grosss receipts, I need to get my accounts audited by a CA.

It's supposed to tide you over in case an urgent expense arises, or when you're facing critical life changes, say an income loss.

In that case, loss of use could also be called «loss of rents» because, properly endorsed, it can cover the lost income from rent after a covered loss such as a fire when the property isn't bringing in moneIn that case, loss of use could also be called «loss of rents» because, properly endorsed, it can cover the lost income from rent after a covered loss such as a fire when the property isn't bringing in monein money.

In the worst case, if the loss of income persists for a long time, the family could be in real trouble financially, or be unable to put much money away for retiremenIn the worst case, if the loss of income persists for a long time, the family could be in real trouble financially, or be unable to put much money away for retiremenin real trouble financially, or be unable to put much money away for retirement.

In this case, the employee would report a net income inclusion of $ 5,000 and a $ 10,000 capital loss ($ 5,000 allowable capital loss).

Build up your savings in case of a job loss — but be ready with additional income sources.

In most cases, it's about stopping the bleeding — the financial loss from no rental income.

The total return of a security, or in this case the index, refers to the gain or loss, in percentage terms, derived from both the price change as well as any income the investment pays over a specific time period.

- I'll repeat... Most homebuyers can qualify easily with a 25 year amortization, but choose to extend that to a 30 year amortization as a fail safe or preventative measure, just in case their incomes are affected in the future... job loss, family illness, child school fees, other financial crisis.

in case there is a loss of income, having a lower monthly payment is very helpful until the income source restarts

I'm in the process of learning some of this tax code, and for rentals, it seems like mortgage deductions would end up in schedule E, not on schedule A, and thus would offset rental income regardless of your own income (and, in the case of a net loss, reduce the AGI as long as your income is < 100K.

If you plan on selling in 10 years, keep in mind the depreciation recapture and consider whether the passive losses (offsetting regular income) are worth the extra tax in this case.

Under these rules, foreign exchange gain or loss realized by a fund with respect to foreign currencies and certain futures and options thereon, foreign currency - denominated debt instruments, foreign currency forward contracts, and foreign currency - denominated payables and receivables will generally be treated as ordinary income or loss, although in some cases elections may be available that would alter this treatment.

In case of a self - employed applicant, income tax returns, balance sheets, profit and loss accounts apart from the regular KYC (photo id and address proof) documents need to be submitted for evaluation.

In a given case, these rules may accelerate income to a fund, defer its losses, cause adjustments in the holding periods of a fund's assets, convert short - term capital losses into long - term capital losses or otherwise affect the character of a fund's incomIn a given case, these rules may accelerate income to a fund, defer its losses, cause adjustments in the holding periods of a fund's assets, convert short - term capital losses into long - term capital losses or otherwise affect the character of a fund's incomin the holding periods of a fund's assets, convert short - term capital losses into long - term capital losses or otherwise affect the character of a fund's income.

It's not clear whether that's because he derives income from HHonors for award stays (in which case a loss for him is a direct win for HHonors) or whether paid stays are being harmed because of the lower value of points earned.

In this case, the court will likely find that the paying parent's loss of income is voluntary and therefore, will not reduce child support.

The reason is that the parent hasn't lost income due to a willful and voluntary choice; the loss of income was involuntary, and Nevada law only allows imputation of income in cases where a parent is willfully (meaning, by choice) underemployed or unemployed.

In pedestrian accident cases in San Bernardino where negligence or wrongdoing is a factor, families of deceased victims can file what is known as a wrongful death claim seeking compensation for damages such as medical and funeral costs, lost future income, pain and suffering and loss of love and companionshiIn pedestrian accident cases in San Bernardino where negligence or wrongdoing is a factor, families of deceased victims can file what is known as a wrongful death claim seeking compensation for damages such as medical and funeral costs, lost future income, pain and suffering and loss of love and companionshiin San Bernardino where negligence or wrongdoing is a factor, families of deceased victims can file what is known as a wrongful death claim seeking compensation for damages such as medical and funeral costs, lost future income, pain and suffering and loss of love and companionship.

The B.C. case had its roots in a 2005 accident, after which the plaintiff sued the other driver for negligence, seeking damages for non-pecuniary loss and past income loss.

Determining the value of your case will involve such things as careful review of your medical records, review of your employment records if claiming a loss of income, thoughtful in - depth interviews with you and your family members, and likely consultation with medical and other experts.

«In my experience it is very difficult for the judge who strives for a clean break to discern the point at which he has reluctantly to accept that such is impracticable in that the minimum appropriate level of capital award on a clean break basis to the spouse with the likely lower income would represent too great a loss of capital for the spouse with the likely higher income... this is a case in which the clean break... is just achievable, albeit only on the basis of a relatively modest departure from equality»In my experience it is very difficult for the judge who strives for a clean break to discern the point at which he has reluctantly to accept that such is impracticable in that the minimum appropriate level of capital award on a clean break basis to the spouse with the likely lower income would represent too great a loss of capital for the spouse with the likely higher income... this is a case in which the clean break... is just achievable, albeit only on the basis of a relatively modest departure from equality»in that the minimum appropriate level of capital award on a clean break basis to the spouse with the likely lower income would represent too great a loss of capital for the spouse with the likely higher income... this is a case in which the clean break... is just achievable, albeit only on the basis of a relatively modest departure from equality»in which the clean break... is just achievable, albeit only on the basis of a relatively modest departure from equality».

However, significant oxygen deprivation may result instead in brain damage and loss of income, in which case the person and / or their family or spouse might possibly be able to bring a suit in negligence, and so the legal question is not really irrelevant.

[11] In part due to the loss of income, this was a more complicated case than Ghelen.

Fetal or maternal death brings tremendous grief, and in some cases, a loss of income and benefits the family needs for financial stability.

The judge in this case was not able to find the facts to support the loss of business income.

In some cases, a person is entitled to compensation for loss of income even if he or she was not working or employed at the time of injury.

In a medical malpractice case, compensatory damage awards may include, but are not limited to, costs associated with follow - up treatment necessitated by the injury suffered and loss of income, if the injury resulted in the victim being unable to worIn a medical malpractice case, compensatory damage awards may include, but are not limited to, costs associated with follow - up treatment necessitated by the injury suffered and loss of income, if the injury resulted in the victim being unable to worin the victim being unable to work.

This case affirms, despite what ICBC says to claimants without lawyers, an award for loss of future earning capacity is available in soft tissue injury cases in which claimants have suffered little or no loss of income: Hu v. Tan, 2016 BCSC 908.

[182] In this case, I find that the plaintiff has established that her earning capacity has been impaired and that there is a real and substantial possibility that the diminishment in earning capacity will result in a loss of incomIn this case, I find that the plaintiff has established that her earning capacity has been impaired and that there is a real and substantial possibility that the diminishment in earning capacity will result in a loss of incomin earning capacity will result in a loss of incomin a loss of income.

I urge you to contact me so that I can review your case and determine what can be done to get you the help you need, both in terms of your financial losses from medical bills and treatments, as well as your lost income and pain and suffering.

Depending on the circumstances of your case, you may be able to obtain compensation for the damages you suffer, including past and future medical expenses, loss of income in the past, and loss of ability to earn income in the future.

[19] While in many cases the actual lost income will be the most reliable measure of the value of the loss of capacity to earn income, this is not necessarily so.