Sentences with phrase «part of the tax year»

You are a non-resident alien during any part of the tax year and elect not to be treated as a resident alien

You can not claim an education credit for any part of the Tax Year (unless you elect to be treated as a resident alien for tax purposes).

Anyone who is a resident of Maine for any part of the tax year, and has taxable Maine source income on their federal return, must file a Maine return.

It's an excellent public relations move, publicity opportunity and an important part of the tax year.

Not exact matches

And that means that what the federal government regulates, taxes, and spends over the next several years could in large part hinge on the actions of just one 72 - year - old Southerner: Mitch McConnell.

Strategists up and down Wall Street are bullish on stocks through the end of next year, and a big part of that stems from optimism around tax reform.

This summer, Clinton released details of that plan, which would include tax credits up to two years for businesses that include profit sharing as part of their employee compensation.

Global stocks have rallied on promises of large investments in infrastructure and tax cuts in the U.S., but markets are now set for a sharp correction in the second part of this year.

This year, economists predicted the main source of pain would be a reinstated payroll tax and $ 85 billion - worth of automatic sequester cuts approved as part of the fiscal cliff.

One of them, Berkeley's Emmanuel Saez, said the incomes of the richest Americans surged last year in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.

This year, Airbnb expects $ 850 million in revenue and an operating loss of about $ 150 million as it pushes to expand its services to new parts of the world and fights regulators over taxes and lodging laws.

«That's become part of our year - end tax - planning advice.»

If the 8,000 Canadians who received stock options as part of incomes over $ 250,000 paid taxes on this money at the same rate as the rest of their income — treating executive compensation the same way you treat the income of any other working stiff — it would have raised $ 337 million for federal coffers in 2009, a down year for options.

Many people organize their closets as part of spring cleaning every year, but few think of the tax - saving opportunities.

Trump and congressional Republicans opened another controversial area, Alaska's Arctic National Wildlife Refuge, to drilling as part of last year's tax bill.

For example, starting in 2008, Congress passed a measure as part of the Economic Stimulus Act of 2008 that let businesses deduct the full price of qualifying equipment purchased or financed during that tax year.

Teva, for its part, is headquartered in Israel, though of the three companies, it stands to gain the biggest tax benefit if its proposed acquisition is successful: The company said that buying Mylan would allow it to reap $ 2 billion per year in tax savings and other «cost synergies.»

Besides providing such familiar tax incentives as a five - year income - tax exemption for coveted corporations, the government often shares the cost of training workers and even puts up part of the capital for plants and equipment.

After featuring actor Anthony Hopkins last year, the tax prep software company is back with a teaser for a three - part series of ads showing Humpty Dumpty falling off a wall while doing his taxes.

President Obama quickly made his position clear: Congress must raise taxes on Americans earning more than $ 200,000 a year as part of any compromise to keep the U.S. from going over the fiscal cliff.

Now, Sean's 401 (k) is set up to contribute enough each pay period to reach the maximum allowed investment of $ 18,000 a year, a move he calls «the smartest investment I ever made» in part because he saves more than $ 5,000 a year in taxes.

As part of the new TCJA, access to favorable capital gains tax rates now demands a three - year holding period; previously, an investor needed only to maintain his or her position in the startup for 12 months to qualify for a lower rate on an eventual sale.

A W4 form to withhold the proper amount of federal income tax from a full - or part - time employee's pay, once a year to your state and federal governments

State governments have agreed taxes they control, such as payroll and stamp duty, could be targets as part of the federal government's tax reform agenda next year, which many tip will involve an increase in the GST.

Companies get to shift part of medical costs and other expenses to their employees, while reducing their employees» own costs and year - end tax bills.

In part on Trump's promises on tax cuts, spending and deregulation the Fed also upgraded its forecast for the number of rate hikes next year to three from two.

Since non-cash and tax - based benefits constitute a much larger part of the safety net than 50 years ago, the official poverty measure's exclusion of these benefits masks progress in reducing poverty.

That tax expires this year and would become part of the proposed new levy.

Most owners of traditional IRAs and employer - sponsored retirement plans (like 401 (k) s and 403 (b) s must withdraw part of their tax - deferred savings each year, starting at age 70 1/2.

In April, The New York Times» Amy Chozick, in an article titled «Conservative Koch Brothers Turning Focus to Newspapers,» reported that the billionaire industrialists» expressed interest in the Tribune Co. papers was part of a «three - pronged, 10 - year strategy to shift the country toward a smaller government with less regulation and taxes» — with the third prong being controlling media through media investments.

About 80 years later, however, it's quite clear that this was not a temporary provision but rather a permanent part of the tax code.

As part of the changes to the budgetary process in 1994, four private sector forecasting organizations [2] develop detailed fiscal projections on a National Accounts basis, based on the average of the private sector economic forecasts and the tax and spending policies in place at the time of the last budget for the next five years.

Looking forward to the 2018 tax year and beyond, the student loan interest deduction remains unchanged though there was a substantial discussion about changing or even eliminating it as part of the Trump tax plan.

The Treasury Department reports that the February deficit was 12.1 percent higher than a year ago, reflecting in part a drop of $ 5 billion in individual withholding taxes paid last month compared to a year ago.

In the current - year quarter, the tax rate decreased from 42.9 percent to a negative 35.1 percent reflecting the one - time favorable net tax benefit recorded as part of the Act.

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

It should be noted that a big part of the increase in Synovus is due to its shrinking provision for loan losses (what it expects to lose on the loans it makes); however, the bank did see its expenses fall by $ 50 million over the first nine months of the year and, in 2012, it actually realized a benefit of $ 2 million from taxes versus an expense of $ 72 million in 2013.

A recent BofA Merrill Lynch report, though, predicts that a dollar rebound is likely in the first half of this year, in part due to corporate repatriation flows stemming from Washington's revamped tax code.

«The pretty solid growth we're showing over the next couple of years is in part the result of the boost from the Tax Cut and Jobs Act, but that's only a temporary boost in growth,» said Ben Herzon, senior economist at Macroeconomic Advisers.

He must do this in part because of recent tax changes in the U.S.; in part, because the current income tax system is an impediment to growth; and in part, because he needs to show that he understands the importance of comprehensive tax reform, and remains committed to it despite last year's mistakes.

If you pass away within three years of transferring the life insurance policy to the trust, the policy will likely become part of your estate from a tax perspective.

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).

The horrible part is that if you had bought your stock a few weeks before this decision was made and the distribution paid out at the end of the year, you would effectively be paying more than 25 years of investment tax for someone else that got to cash out scot - free.

Aetna said the difference in its bottom - line results was due in large part to the termination in last year's first quarter of the Humana Inc. (NYSE: HUM) merger agreement and the favorable effect in this year's first quarter of the Trump tax cuts.

It's hard for a company in any of the three countries to know how to calculate the payoffs of sourcing car parts from the US or building a factory in Mexico if, in a just few years, access to those parts or that labor might become a lot more costly if NAFTA collapses and border taxes start soaring.

After Republicans spent the greater part of the year pushing unsuccessfully to repeal Obamacare, tax reform was the last frontier for major legislative change in Trump's first year in office — a reality that served as a major motivator to get the tax bill done by Christmas.

The Department of Finance attributes part of the higher - than - expected outcome for personal income tax revenues to tax planning by high - income Canadians to recognize income in 2015 in advance of the introduction of the new 33 % tax bracket for taxation year 2016.

Excluding the volatile fresh food component, consumer prices have been flat over the past year, compared with deflation rates of almost 1 per cent in recent years, although part of this improvement is attributable to increases in administered medical prices and tobacco taxes earlier in 2003.

Best for: People 63 or older who anticipate realizing capital gains or perhaps an installment sale (from the sale of a business for example) who could spread the realization of income out over more than one tax year to stay under the Medicare Part B threshold.

He said that he did not think that Obama's plan would work because it costs too much and that paying for it through higher taxes on Americans making $ 280,000 + per year is just part of Obama's plan for massive wealth distribution.