Sentences with phrase «payment of any additional taxes»

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thintax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thinTax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Put another way: For every dollar of corporate income tax disbursed, companies paid an additional $ 1.09 in non-profit type taxes, $ 0.70 in other payments to governments, and $ 3.15 collected from customers and employees, and remitted to governments.

A practical and self - sacrificing mother might also be inclined to put any additional government payment into one of several tax - sheltered savings accounts to get a head start on future tuition.

I'm making four 500 dollar payments this year in additional to my rollover from 2017 in anticipation of a larger tax bill.

A return of premium rider is available for an additional cost, but the income from these vehicles will be taxed as ordinary income in the same manner as other types of annuity payments.

ESOPs under ERISA received additional tax encouragement, with the company payments of the principal and the interest on the loan also being tax deductible.

Upon closing of this offering, we will record $ million as an increase to the liabilities due to existing owners under certain of the TRAs, see «Notes to Unaudited Pro Forma Consolidated Balance Sheets,» and in the future we may record additional amounts as additional liabilities due to existing owners under the five TRAs, such amounts collectively representing our estimate of our requirement to pay approximately 85 % of the estimated realizable tax benefit resulting from (i) any existing tax attributes associated with interests in Desert Newco, LLC acquired in the Reorganization Transactions and the exchanges described above, the benefit of which is allocable to us as a result of the same, (ii) the increase in the tax basis of tangible and intangible assets of Desert Newco, LLC resulting from the exchanges as described above and (iii) certain other tax benefits related to entering into the TRAs, including tax benefits related to imputed interest and tax benefits attributable to payments under the

Additional information about the tax treatment of benefit payments and / or disability payments may be found in the annual OPERS publication, Benefit Recipients» Income Tax Guide, which is published and mailed to benefit recipients each tax year in Januatax treatment of benefit payments and / or disability payments may be found in the annual OPERS publication, Benefit Recipients» Income Tax Guide, which is published and mailed to benefit recipients each tax year in JanuaTax Guide, which is published and mailed to benefit recipients each tax year in Januatax year in January.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Any increase in the basic rate of income tax would lead to the Inland Revenue making additional payments into this fund.

Examples of the early successes of task force members include legally establishing its operating authority and scope of operation in the State Budget, requiring a study of re-use options of the Indian Point property, adding an additional $ 15 million to the State's Power Plant Cessation Mitigation Fund starting in 2020, extending the timeline for payments from that fund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impacts.

Factor in on top of that the serious pressure on the DWP to come up with big additional cuts in welfare payments to reduce the pain on other departmental budgets and keeping things «progressive», living up to the boasts, making the graphs much pointed to by Lib Dem MPs a reality in a five - year retrenchment that leans heavily on cuts over tax hikes... and you see how difficult it will be to secure and hold the progressive mantle through this saga ahead.

You will receive a tax voucher to offset some of the costs, and the better schools will require additional payment.

(Federal ID # 27-5011514) * Amounts shown for TAXES apply to payment on behalf of winner for IRS withholding requirement, additional taxes may be TAXES apply to payment on behalf of winner for IRS withholding requirement, additional taxes may be taxes may be owed.

MP3 Player, Onboard Communications System, Aluminum Wheels, Keyless Entry, Child Safety Locks.OPTION PACKAGESCHARCOAL BLACK, HEATED & COOLED PERFORATED LEATHER FR BUCKET SEATS 10 - way power driver and passenger seat (fore / aft, up / down, tilt, lumbar, recline) w / driver seat memory, EQUIPMENT GROUP 301A HD Radio, Additional IP Center Channel Speaker, SiriusXM Radio, a, Service is not available in Alaska and Hawaii, Subscriptions to all SiriusXM services are sold by SiriusXM after trial period, If you decide to continue service after your trial, the subscription plan you choose will automatically renew thereafter and you will be charged according to your chosen payment method at then - current rates, Fees and taxes apply, To cancel you must call SiriusXM at [phone], See SiriusXM Customer Agreement for complete terms at www.siriusxm.com, All fees and programming subject to change, Sirius, XM and all related marks and logos are trademarks of Sirius XM Radio Inc..

WE OFFER EXTENDED WARRANTY ON ALL VEHICLES 60 - 74 METROPOLITAN AVE, RIDGEWOOD, NY, 11385 PH: FEEL FREE TO FILL OUT A SECURE CREDIT APPLICATION all advertised offer do not include 20 down payment for the cost of the car, sales taxes, tag and registration, additional undisclosed fees may apply and effect the final selling price.

changes in the amount of rental payments to cover additional costs incurred by the landlord because of increases in property taxes, increases in utilities, and increases in property insurance premiums.

The exact wording is below: «Upon thirty (30) days written notice to Resident, Landlord may alter rental payment to cover additional costs in operating the premises incurred by Landlord because of any increase in ad valorem property taxes, charges for the electricity, heating fuel, and water consumed at the property, or increases in premiums paid for liability, fire or worker compensation insurance.

Even though there may be additional tax benefits such as depreciation and deduction of interest payments, these are not part of the cap rate, cash flow, or cash on cash return calculations.

If your credits, withholdings and estimated tax payments are less than the amount of tax owed in # 6 above, you'll owe additional taxes when you file your return.

First time Home Buyers can claim an additional Tax deduction of up to Rs 50,000 on home loan interest payments u / s 80EE.

They offer a wide variety of additional financial services including payday loans, check cashing, bill payment, prepaid cards, tax services, Money orders and Western Union.

The additional 10 % tax generally does not apply to payments that are: • Paid after you separate from service during or after the year you reach age 55; • Annuity payments; • Automatic enrollment refunds; • Made as a result of total and permanent disability; * • Made because of death; • Made from a beneficiary participant account; • Made in a year you have deductible medical expenses that exceed 7.5 % of your adjusted gross income; * • Ordered by a domestic relations court; or • Paid as substantially equal payments over your life expectancy.For more info see: https://www.tsp.gov/PDF/formspubs/tsp-780.pdf Enjoy your retirement!

2 — Section 80EE: First time Home Buyers can claim an additional Tax deduction of up to Rs 50,000 on home loan interest payments u / s 80EE.

You pay $ 225 more in taxes (actually, because of amortization, the amount of additional taxes has been steadily increasing as the interest portion of the loan payments has reduced) but have the remaining $ 1575 in your pocket to do something else.

Although you owe a substantial amount of tax on this additional income, you fall within an exception to the requirement to make estimated tax payments.

Once you have established two years worth of tax returns, any net income for the property can then be included as additional income in your debt - to - income ratio, before then and you will just be able to offset the mortgage payment.

Accelerated payment of your estimated state tax payment before Dec. 31 could allow additional itemized deduction benefits in tax year 2016.

Dear JJ, First time Home Buyers can claim an additional Tax deduction of up to Rs 50,000 on home loan interest payments u / s 80EE.

Although the IRS encourages taxpayers to amend a tax return when the original does not accurately report the correct tax, you are still liable for interest and penalties if the amended return requires an additional payment of tax.

You might need to make additional payments of tax if you make a profit.

The additional 15 % would be regular mortgage payment consisting of principal (not tax deductible?)

Mr. B would like to avoid the additional 10 % tax imposed on early distributions under section 72 (t)(1) by taking advantage of the exception in section 72 (t)(2)(A)(iv) for distributions in the form of substantially equal periodic payments.

Section 72 (t)(2)(A)(iv) also provides that the additional tax does not apply to a series of substantially equal periodic payments and § 72 (t)(4) sets forth a recapture rule similar to the rule of § 72 (q)(3).

Forms 1040, 1040A & 1040EZ Form 1040 Schedule A — Itemized Deductions Form 1040 Schedule B — Interest and Ordinary Dividends Form 1040 Schedule C — Net Profit or Loss Form 1040 Schedule D — Capital Gains and Losses Form 1040 Schedule E — Supplemental Income and Loss Form 1040 Schedule EIC — Earned Income Credit Form 1040 Schedule F — Profit or Loss from Farming Form 1040 Schedule H — Household Employment Taxes Form 1040 Schedule R — Credit for the Elderly or the Disabled Form 1040 Schedule SE — Self - employment Tax FEC — Foreign Employer Compensation for eFile Form Payment — Form Payment for eFile Form 982 — Reduction of Tax Attributes Due to Discharge of Indebtedness Form 1116 — Foreign Tax Credit (Individual, Estate, or Trust) Form 1310 — Statement of Person Claiming Refund Due a Deceased Taxpayer Form 2106 — Employee Business Expenses Form 2120 — Multiple Support Declaration Form 2441 — Child and Dependent Care Expenses Form 2555 — Foreign Earned Income Form 3800 — General Business Credit Form 3903 — Moving Expenses Form 4137 — Social Security and Medicare tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, Tax FEC — Foreign Employer Compensation for eFile Form Payment — Form Payment for eFile Form 982 — Reduction of Tax Attributes Due to Discharge of Indebtedness Form 1116 — Foreign Tax Credit (Individual, Estate, or Trust) Form 1310 — Statement of Person Claiming Refund Due a Deceased Taxpayer Form 2106 — Employee Business Expenses Form 2120 — Multiple Support Declaration Form 2441 — Child and Dependent Care Expenses Form 2555 — Foreign Earned Income Form 3800 — General Business Credit Form 3903 — Moving Expenses Form 4137 — Social Security and Medicare tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, Tax Attributes Due to Discharge of Indebtedness Form 1116 — Foreign Tax Credit (Individual, Estate, or Trust) Form 1310 — Statement of Person Claiming Refund Due a Deceased Taxpayer Form 2106 — Employee Business Expenses Form 2120 — Multiple Support Declaration Form 2441 — Child and Dependent Care Expenses Form 2555 — Foreign Earned Income Form 3800 — General Business Credit Form 3903 — Moving Expenses Form 4137 — Social Security and Medicare tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, Tax Credit (Individual, Estate, or Trust) Form 1310 — Statement of Person Claiming Refund Due a Deceased Taxpayer Form 2106 — Employee Business Expenses Form 2120 — Multiple Support Declaration Form 2441 — Child and Dependent Care Expenses Form 2555 — Foreign Earned Income Form 3800 — General Business Credit Form 3903 — Moving Expenses Form 4137 — Social Security and Medicare tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, tax on Tip Income Form 4562 — Depreciation and Amortization Form 4563 — Exclusion of Income for Bona Fide Residents of American Samoa Form 4684 — Casualties and Thefts Form 4797 — Sales of Business Property Form 4868 — Application for Extension of Time to File U.S. Income Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, Tax Return Form 4952 — Investment Interest Expense Deduction Form 5329 — Additional Taxes Attributable to IRAs, et.

* $ 30,000 for TAXES applies to payment on behalf of winner for IRS withholding requirement, additional taxes may be TAXES applies to payment on behalf of winner for IRS withholding requirement, additional taxes may be taxes may be owed.

Free weekend night includes all applicable taxes; however, the Basic Card Member may be responsible for payment of additional mandatory resort fees at participating Hilton Hotels & Resorts where resort fees are applicable.

A Weekend Night Reward includes all applicable taxes; however, the Card Member may be responsible for payment of additional mandatory resort fees at participating Hilton Resorts where resort fees are applicable, and is responsible for all incidental charges.

*** All of our guests will enjoy the following amenities: - Ensuite bathrooms - Linens and towels provided - Secure individual storage (in dorm rooms)- Heat / AC - Free WiFi - Internet Cafe and printing - Laundry room - Common kitchen (limited to fridge, microwave and stove)- Roof terrace - Bar / cafe open all day - ATM - Vending Machines - Photobooth - Baggage storage The entire hostel is no smoking No outside alcohol may be brought into the hostel Cancellations with 48 hrs or less notice or no - shows will be charged the first night Payment upon arrival by cash or credit / debit cards in non-refundable Guests may check in at any time and leave bags for no extra charge All rooms will be available for check in by 3 pm Check out time is 11 am TAXES ARE NOT INCLUDED - City, State and Occupancy taxes total an additional 14.75 % + $ 3.50 / night All minors must be accompanied by a parent or guardian over the age TAXES ARE NOT INCLUDED - City, State and Occupancy taxes total an additional 14.75 % + $ 3.50 / night All minors must be accompanied by a parent or guardian over the age taxes total an additional 14.75 % + $ 3.50 / night All minors must be accompanied by a parent or guardian over the age of 18

Dynamic Reward Upgrades may be subject to administration fees, additional taxes and / or surcharges payable at the time of booking using all payment methods available on emirates.com.

This paper evaluates two broad groupings of options for reducing the regressive effects of a carbon tax; one group of options would affect large segments of the economy, for example by reducing payroll taxes, and the other group of options would be targeted at low - income households, for example by providing an additional payment to households currently receiving electronic transfer benefits.»

Use of a home by both spouses for a period of years could be sufficient conduct to show that the original owner intended to gift the house; contributions in mortgage or tax payments, or physical management or maintenance of the home by the other spouse would be additional evidence.

Employers will need to weigh the additional costs of a nondisclosure provision, which include the tax on the settlement payment and related attorney's fees, and the value of a nondisclosure provision to the employer with respect to the specific claim asserted by an employee.

Employers will need to weigh the additional costs of a nondisclosure provision, which include the tax on the settlement payment and related attorney's fees, and the value of a

• medical expenses incurred up to the time of settlement • future medical needs based on admissible medical evidence • lost wages for missed pay during time that doctors advise you to miss work • lost future earning capacity if injuries reduce future pay • lost work life expectancy with proof that injuries will require early retirement • tax free cash payment for physical pain and emotional suffering • tax free cash payment for permanency of injury and future pain and suffering • tax free cash payment for scarring and / or disfigurement • additional payment for inconvenience and lost quality of life

An acceleration clause is a statement or a series of statements in a contract that allows the insurer or the lender to demand payment of the total balance or demand an additional payment due to breach of contract, bankruptcy, failure to make payments, and non payment of taxes on loaned property.

The cost of your insurance can be level or increasing, additional premium payments can be made and can grow tax - deferred in the investment account.

These include just only taking the payment in cash, or using the dividend to purchase additional insurance coverage., Because dividends are a return of premium, they are not considered to be taxable income and do not need to be reported on one's income tax return.

There is an additional tool that tax payers can make use of under Section 10 in order to be able to save more money on tax payments at the financial year end.

Anytime the company decides to pass on the additional taxes to the policyholder, the method of collection of these taxes shall be notified to them in advance, and the premium payments would be adjusted accordingly.