Sentences with phrase «of federal tax law»

Separately, scores of old Section 1031 investment programs — designed to defer taxes pursuant to Section 1031 of the federal tax law — are coming full cycle in the next three to five years.

It is worth noting that the provisions of the federal tax law enable an individual to leave an unlimited amount of assets to the surviving spouse.

In addition, we serve the needs of taxpayers in highly specific areas of federal tax law, including insurance and other financial services, exempt organizations, employee benefits and executive compensation, and estate planning.

Here is a summary of all federal tax law changes between 2010 - 2017.

Andrew Pallotta, president of the politically powerful New York State United Teachers union, took note of the state's deficit, the potential impact of the federal tax law and possibility for more federal funding cuts.

Since then, high - income earners lost the option to deduct more than $ 10,000 in state income tax as part of the federal tax law passed by Congress.

Finally, CBC supports the Governor's efforts to address the impact of the federal tax law's capping of the State and Local Tax (SALT) deduction.

The State Senate last week, meanwhile, sought to cushion the blow of the federal tax law with a bill that reconciles the state code with the changes in Washington.

«The potential impact of federal tax law changes represents a source of both upside and downside risk to the household spending and business investment forecasts,» the report found.

The State Senate last week, meanwhile, sought to cushion the blow of the federal tax law with a bill that reconciles the state code with the changes in Washington — a change that saves New York taxpayers $ 1.5 billion.

The Congressional Budget Act of 1974 defines tax expenditures as «revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.»

The charitable deduction falls into a category of revenue losses, so - called tax expenditures, attributable «to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.»

The tax effects suggested reflect our current understanding of federal tax laws and relate to tax information of a generalized nature.

Keen observers following the development of Federal tax laws in the UAE will have noticed the recent publication of the Federal Tax Procedures (FTP) Law which was announced in the press on 1 August.

Not exact matches

In his 2015 book «Rewriting the Rules of the American Economy,» Stiglitz said that the normalization of shareholder primacy was solidified under the Reagan administration through changes to federal income tax law and securities law, including relaxed antitrust laws.

The Institute on Taxation and Economic Policy estimates that the richest 5 % of Americans will receive more than half of the benefits of the new federal tax law in 2019, and the richest 1 % of Americans will receive more than a quarter of the benefits.

The after - tax income of state residents would, the argument goes, be the same as under the old federal tax law.

Top Four Worries Percentage of the 2001 Inc 500 CEOs who say they worry about Rising cost of benefits: 19 % Federal taxes: 16 % Tighter capital markets: 13 % Employment laws: 12 %

Although President Donald Trump signed the Republican tax bill into law at the end of December, new federal tax brackets will only affect income earned starting January 1, 2018.

At the biggest healthcare conference of the year, executives are happy about the new federal tax law — but not for the reason you may expect.

As the law stands now, undocumented parents can receive a federal income tax credit up to $ 1,000 annually for each child, the vast majority of whom are American citizens.

Under previous tax law, most people could deduct the amount of taxes they'd paid on property, sales or income from the adjusted income they reported on their federal tax returns.

Federal tax law says that S corps can have an ESOP, and that no income tax is due on the portion of stock owned by the ESOP.

Under existing law, payments of those taxes can be deducted, or subtracted from federal taxable income, lowering the amount of federal tax due.

As you more than likely know, at the end of 2017, new federal tax legislation was signed into law.

«By contrast, federal tax law permits 501 (c)(4) organizations to spend money advocating the election or defeat of candidates, so long as such activity isn't the 501 (c)(4) organization's «primary» activity.

He is a Certified Specialist both in Taxation Law and in Estate Planning, Trust & Probate Law (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporatioLaw and in Estate Planning, Trust & Probate Law (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporatioLaw (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporatiolaw in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporations.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

In addition, this discussion does not address U.S. federal tax laws other than those pertaining to the U.S. federal income tax, nor does it address any aspects of the unearned income Medicare contribution tax pursuant to Section 1411 of the Code, or U.S. state, local, or non-U.S. taxes.

There is a large body of established tax principles and law for property that apply to cryptocurrency and how the gains, losses, income and transactions are treated for federal tax purposes.

They'll monitor the ever - changing payroll laws, keep an eye on changes to federal, state, and city employment taxes, calculate and pay your employment taxes, file your quarterly and annual employment tax returns, and know the details of federal and state unemployment insurance tax requirements.

Any business must consider the federal, state, and local laws that govern how a business is formed and managed as well as being knowledge about how to deal with taxes, deductions, and disclosures - among the many things covered under the area of regulations.

This discussion also does not address any tax consequences arising under the unearned Medicare contribution tax pursuant to the Health Care and Education Reconciliation Act of 2010, nor does it address any tax considerations under state, local or foreign laws or U.S. federal laws other than those pertaining to the U.S. federal income tax.

Under current federal law, long - term capital gains for individual investors in the fund are taxed at a maximum rate of 15 %.

Dimon said new federal tax law and «a more constructive regulatory environment» adopted since the 2016 presidential election give him hope that JPMorgan will be able to invest more of its excess capital to grow the bank and expand into new markets.

A spokeswoman declined to answer a series of direct questions from CNBC about his case, instead providing a statement from Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department's Tax Division: «Bradley Birkenfeld was afforded due process of law and sentenced by a federal district court after full consideration of all relevant facts and circumstances, including his admission that he advised wealthy UBS clients on how to conceal their assets from the U.S. government,» she said.

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

This federal bill, which has been revived several times, will pave the way for the collection of sales tax on Internet sales, and will reverse the severe damage to small online businesses caused by «Affiliate Nexus Tax» latax on Internet sales, and will reverse the severe damage to small online businesses caused by «Affiliate Nexus Tax» laTax» laws.

The PMA supports a federal approach to sales tax reform because it will eliminate the Affiliate Nexus Tax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passatax reform because it will eliminate the Affiliate Nexus Tax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passaTax laws that have devastated hundreds of thousands of affiliate marketers around the country, it is Constitutional, and it has a very good chance of passage.

On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are «a currency or a form of money» (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction, [274][274] and Germany's Finance Ministry subsumed bitcoins under the term «unit of account» — a financial instrument — though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.

This ability to «double - dip» and obtain both state / local and federal tax benefits from a single charitable contribution is, under current (i.e., pre-GOP tax bill) law, undercut by the deductibility of state and local taxes.

Under federal tax law, most owners of IRAs (except Roth IRAs) must withdraw part of their tax - deferred savings each year, starting at age 70 1/2 (or after inheriting an account).

In the first complaint, the SEC charged Falcone, Harbinger and Peter Jenson, a former Managing Director and Chief Operating Officer of Harbinger, with violations of the federal securities laws in relation to the misappropriation of client assets (through the making of a $ 113.2 million loan from a fund managed by Harbinger to Falcone to pay his personal taxes) and the granting of undisclosed preferential redemption rights to certain investors.

The change in the current tax law regarding MLPs could result in the MLP being treated as a corporation for federal income tax purposes which would reduce the amount of cash flows distributed by the MLP.

The spinoff will remain subject to certain other conditions, including the receipt of a legal opinion on the tax - free treatment of the deal under U.S. federal tax laws, Yahoo said in a regulatory filing.

Purchasers of Shares are urged to consult their own tax advisors with respect to all federal, state, local and foreign tax law or any transfer tax considerations potentially applicable to their investment in the Shares.

«Present Law and Historical Overview of the Federal Tax System.»

Oregon's new law, which aims to provide fully tax - sponsored abortions, could result in a withdrawal of federal funds.

By federal law, NO public tax money of ANY kind is to be used for ANY..

And when we realize that the average person today is paying the federal government around 25 % of their income, and then paying another 10 % (or more) for state, county, and city taxes, we are paying a little more in taxes today than what was prescribed by the Mosaic Law for the people of Israel to pay their government.