Sentences with phrase «least for tax purposes»

Real estate will remain a depreciable asset, at least for tax purposes.

Many who took Canada up on the offer bought expensive real estate in Vancouver, parked their families there and paid little or no income tax because they continued to work and, ostensibly, reside overseas (at least for tax purposes).

Not exact matches

The company didn't need to — its funds were stashed in subsidiaries incorporated in Ireland, but that, on paper at least, had no home country for tax purposes.

If you can demonstrate to the IRS that at least a portion of your home — whether you're a homeowner or renter — is used exclusively for business purposes, you're allowed to take a tax deduction for certain home expenses.

James Madison advocated for the ratification of the Constitution in The Federalist and at the Virginia ratifying convention upon a narrow construction of the clause, asserting that spending must be at least tangentially tied to one of the other specifically enumerated powers, such as regulating interstate or foreign commerce, or providing for the military, as the General Welfare Clause is not a specific grant of power, but a statement of purpose qualifying the power to tax.

The Chartered Institute of Taxation (CIOT) welcomes today's announcement by the Financial Secretary to the Treasury, Mel Stride MP, that mandation of digital record keeping and quarterly reporting by small businesses and landlords for income tax purposes will be deferred until at least April 2020.

The Government announced today that... · only businesses with a turnover above the VAT threshold (currently # 85,000) will have to keep digital records and only for VAT purposes · they will only need to do so from 2019 · businesses will not be asked to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020 Making Tax Digital will be available on a voluntary basis for the smallest businesses, and for other taxes.

Under the rules pertaining to the substantial presence test, your spouse is considered a U.S. resident alien for tax purposes if your spouse is physically present in the United States on at least: 1.

My wife formed an LLC last year (also as a pass - through sole proprietorship for tax purposes), and we were able to get a small business checking account from Savings Institute and Trust that has no fees (at least for the relatively low quantity of transactions we'll be doing).

So why not sell at least some of your VRX holding, capture ST loss for tax purpose and then decide to buy the shares back or not after 30 days?

Also, the interest generated by municipal bonds may be (at least partly) taxable for income tax purposes by your state.

Note, for tax purposes, if you're not married, the Canada Revenue Agency defines common - law relationships as couples who have been living together for at least 12 months.

However, non-U.S. citizens who hold green cards and have been in the U.S. for at least 31 days during the current year and more than 183 days in the past three years are classified as resident aliens for tax purposes and are subject to different guidelines than non-resident aliens.

The fund distributes to shareholders at least annually any net capital gains which have been recognized for federal income tax purposes, including unrealized gains at the end of the fund's fiscal year on futures or options transactions.

Therefore, if an American expat owns at least 10 % of a foreign corporation, and over 50 % of that foreign corporation is owned by Americans, that corporation is a CFC for purposes of the tax.

For income tax purposes, you are generally considered separated when you start living separate and apart from your spouse because of a breakdown in the relationship for a period of at least 90 days, assuming you have not reconciled.If a parent is required to make child support payments in relation to a specific dependent, they are not eligible to claim that dependeFor income tax purposes, you are generally considered separated when you start living separate and apart from your spouse because of a breakdown in the relationship for a period of at least 90 days, assuming you have not reconciled.If a parent is required to make child support payments in relation to a specific dependent, they are not eligible to claim that dependefor a period of at least 90 days, assuming you have not reconciled.If a parent is required to make child support payments in relation to a specific dependent, they are not eligible to claim that dependent.

For income tax purposes, two individuals who cohabitate in a conjugal relationship are treated the same as a married couple if, either that cohabitation has continued for at least a year, or they have a child togethFor income tax purposes, two individuals who cohabitate in a conjugal relationship are treated the same as a married couple if, either that cohabitation has continued for at least a year, or they have a child togethfor at least a year, or they have a child together.

When Parliament repeals the prohibition against drug trafficking (at least with respect to pot) it may become a by - law issue — though, given that the federal government and the provinces continue to heavily regulate the sale of other substances such as cigarettes and alcohol, and if the sale of pot (other than for medicinal purposes) is ever legalized we should expect it to be heavily taxes, the notion that the sale of pot will ever only become a by - law issue seems far - fetched — but until it does it's simply wrong to say this is a by - law issue.

While no one knows for sure except for legislators and those in charge of upcoming policy proposals, it's safe to say that the G20 summit will lead to at least some new laws or rules about cryptocurrency and how it is handled, perhaps for tax purposes.

Anything for tax or legal purposes should be kept at least for seven years.