Sentences with phrase «made during the taxable year»

In subsequent taxable years the adjustment will be an addition for gain attributable to any payments made during the taxable year with respect to the disposition.

Not exact matches

Every person who acquires a life insurance contract or any interest in a life insurance contract in a reportable policy sale during any taxable year shall make a return for such taxable year (at such time and in such manner as the Secretary shall prescribe) setting forth --

As long as no additional gifts are made by the donor to the same beneficiary during those five years, no taxable gifts will have been made.

An IRS tax form Transamerica Funds will send to you and the IRS showing the dividends and / or capital gain distributions made to an individual's taxable account during the tax year.

Your contributions are made with post-tax dollars, so they don't reduce your taxable income during the contribution year.

If the fund's distributions exceed its taxable income and capital gains realized during a taxable year, all or a portion of the distributions made in the taxable year may be recharacterized as a return of capital to shareholders.

If a fund's distributions exceed its taxable income and capital gains realized during a taxable year, all or a portion of the distributions made in the taxable year may be recharacterized as a return of capital to shareholders.

(b) during the earlier period, an assessment (the tax assessment) is made under an Income Tax Assessment Act of the taxable income, or any other component of the adjusted taxable income, of the liable parent or the other parent, for the latest year of income (the last year) that ended after the start of the earlier period.