Sentences with phrase «of phantom income»

«Section 1031 prevents the taxation of phantom income.

NAR supports an exclusion from taxation of the phantom income generated when all or a portion of a mortgage on a primary residence is forgiven.

Private equity would get taxed off of «phantom income» at a 15 % compounded rate, i.e., a private equity fund with $ 100 million in equity would have to pay taxes on $ 15 million of phantom income, at the fund if 15 % distributions are not made to shareholders.

Not exact matches

So in addition to the existing equity level rate of return, phantom bonds would be adding both non-existant diversification AND non-existant fixed income payments.

TIPS have special tax consequences, generating phantom income on the «inflation compensation» component of the principal.

Immediate taxable income would would be distributable, but since loss carryforwards can be paired with the capital gains, one of the main obstacles to buying back REIT CDO debt is eliminated (i.e., where to come up with the cash to pay required REIT dividends on «phantom» taxable income that is suddenly higher than actual operating cash flow?

This problem is addressed in the 2010 federal budget and changes are in the works but just exactly how the budget will treat the various types of victims of tax on phantom income wont be known until the budget is passed and becomes law.

So far Canadians are not getting the same, or similar, tax treatment of taxes levied on their phantom income.

If you haven't run into the following booby - trap then be aware that equities acquired by way of an Emloyer's Shares Purchase Plan (ESPP) or Employee Share Option (ESO) plan can result in the employee being levied devatating taxes on phantom income.

Annuity buyers commonly mistake this income base for their account value, but the income base is actually an accounting entry — it's sort of a phantom account.

Due to missed premium notices and the loans, the policy eventually reached a tipping point of being in danger of lapsing with phantom income within a year.

The Mortgage Cancellation Relief Act of 2007, S. 1394, introduced by Sens. Debbie Stabenow, D - Mich., and George Voinovich, R - Ohio, among others, would direct the IRS not to count loan forgiveness under a workout as taxable phantom income.

Editor's note: The NATIONAL ASSOCIATION OF REALTORS ® has long worked to change the tax laws and eliminate this «phantom tax» on income.

I could also say that your fee - for - service «agent «is also a leech, waiting for you to show up again in order for him / her to boiler plate another offer on another phantom property; if only I could have been able to do that to make a nice income without feeling just a little bit cheap with my expertise and most importantly, my time regarding letting my client in on the negatives of said property as I saw them... from an objective point of view, and not from a subjective, already - emotionally - attached - to - the - property point of view of the buyer, being something like a person falling in love with a piece - of - crap used car because it is a favourite colour.

NAR supports an exclusion from taxation of the «phantom income» generated when all or a portion of a mortgage loan is forgiven.

thanks after reading Brandon's article on depreciation when you first get started the phantom loss would wipe out the net income of the property.

Some borrowers are expected to decline such an «offer of mortgage debt forgiveness» because of significant tax liability on phantom income — and receiving a 1099 from the lender for the amount of the debt forgiveness.