Sentences with phrase «much tax consequences»

Of course, you have to watch out for tax implications but as long as you do an in - kind contribution quickly, there shouldn't be much tax consequences.

Not exact matches

The consequences of a bad tax return are much more serious than a bad haircut.

In September Saverin gave up his U.S. citizenship and moved to Singapore in an effort to avoid the tax consequences ($ 67 million) of so much sudden wealth.

Given the tax consequences, companies spend millions on some of the best legal and scientific minds in the country to determine how much fun a child could have using a chair.

Once you retire, the challenge is no longer contributing as much as possible towards retirement accounts — the challenge becomes getting that money out with minimal tax consequences.

Otherwise stated, if Japan can not implement the 2017 tax hike with confidence, having achieved a robust few quarters of growth, with a tighter job market and reflation well along its way, the fiscal consequences look much, much worse.

The ability to avoid too much unpalatable cutting was the consequence of finding # 7bn extra cuts / effective tax rises from the Welfare budget and from Child Benefit, along with rises in public sector employee pension contributions, though it was disappointing (but not surprising) that misdirected programmes such as winter fuel payments survive intact.

«I firmly believe that New York can develop an approach to marijuana regulation that addresses public health concerns while reducing the exposure of so many people, and particularly young people of color, to interactions with the criminal justice system that have much more damaging life consequences than marijuana use,» said state Sen. Liz Krueger (D - Manhattan), who's sponsored a bill that would legalize, regulate and tax pot.

Legal consequences like the speed limit, which side of the road you should drive on, don't beat your family members, pay your taxes, work to keep you alive and safe, but I want so much more for you.

In addition to the direct financial consequences of how much it costs to pay down your debt after settling, fees, and taxes, you should seriously consider the following negative consequences of debt settlement:

That means the tax consequences are pretty much the same as if you had been allowed to contribute directly to the Roth.

Investors should be that much more careful trading options in an RRSP due to the potential adverse tax consequences.

While much of the focus has been on the personal income tax side, these changes also apply to non-grantor trusts and estates with potentially far greater tax consequences.

If an employee contributes too much in any particular year, the employee must withdraw the excess (and the applicable earnings) before April 15 of the following year to avoid adverse tax consequences.

Then you can figure out how much headroom she has until the next tax bracket, and convert that much each year without undue tax consequences.

Also, the federal government allows single individuals to contribute as much as $ 14,000 per year or $ 70,000 for five years and avoid gift tax consequences.

See chapter 9 of my early 2012 ebook Gaia's Limits for a much longer and more detailed rationale based on chapters 5 - 8, plus working out general economic «least harm» consequences if the fuel tax increase is ramped over time.

But the upside is three-fold: (i) your tax reduction or dividend check will offset much, perhaps more than 100 %, of those price increases; (ii) you'll be able to minimize your tax bite by cutting down on fuel usage (e.g., shortening those country drives, buying locally - grown produce, purchasing «green power» from wind and solar cells); and (iii) Americans» combined behavior changes in response to the carbon tax will go a long way toward protecting the climate and averting the cataclysmic consequences of unchecked global warming.

In reality, our understanding of economics is much cruder than our understanding of atmospheric dynamics, so understanding the unintended consequences and risks posed by a carbon tax or cap and trade scheme is even more difficult.

Depending on how much you have in your 401 (k), you might also have tax consequences that are out of your control.

Even policy loans will be taxed, so it becomes much more difficult to access cash within a MEC policy unless the owner is willing to face the tax consequences.

However, as a consequence of young mothers being required to work, infants may be placed in child care at a very early age, and mothers often require a patchwork of solutions, some of which may be substandard.40 Quality child care and early childhood education are extremely important for the promotion of cognitive and socioemotional development of infants and toddlers.41 Yet, child care may cost as much as housing in most areas of the United States, 25 % of the budget of a family with 2 children, and infant care can cost as much as college.42 Many working families benefit from the dependent care tax credit for the cost of child care, allowing those families to place their children in a certified or higher - quality environment.43 However, working families who do not have sufficient income to pay taxes are not able to realize this support for their children, because the credit is not refundable or paid to families before taxation.44 Therefore, some of the most at - risk children who might benefit from high - quality early childhood education are not eligible for financial support.

Combining personal and IRA investments is very tricky to do properly, and much of what you seem to be outlining in your above post would result in self - dealing prohibited transactions that would invalidate the IRA and could result in severe tax consequences.