Sentences with phrase «preference items»
"Preference items" refers to things that we like or prefer over other options. It can be anything from food, clothes, or activities that we enjoy more compared to others. Full definition
At exercise, the difference between the grant price and the exercise price is a tax preference item for calculating the alternative minimum tax.
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The largest preference item was the portion of capital gains excluded from the regular income tax.
The largest preference item was the portion of capital gains excluded from the regular income tax.
AMT preference items include the deduction for state and local taxes (62 percent of all preferences in 2012 according to Treasury data), personal exemptions (21 percent), the deduction for miscellaneous business expenses (9.5 percent), and the standard deduction (0.7 percent).
AMT preference items include the deduction for state and local taxes (62 percent of all preferences in 2012 according to Treasury data), personal exemptions (21 percent), the deduction for miscellaneous business expenses (9.5 percent), and the standard deduction (0.7 percent).
The main preference items, including capital gains, moved from the add - on tax to the AMT.
An alternative minimum tax (AMT) recalculates income tax after adding certain tax preference items back into adjusted gross income.
Once again, a personal preference item.
Some portion of tax - exempt fund dividends may be derived from private activity bonds, which are a tax - preference item for the AMT.
However, investors subject to the alternative minimum tax (AMT), which the federal government imposes on wealthy individuals and corporations to ensure they pay a fair - share equivalent of federal income taxes, may have to include, among other preference items, interest income from munis.
To learn more about preference items, see Form 6251 instructions.
Minimize the impact of Alternative Minimum Tax (AMT), because lease payments are not treated as a tax preference item used to calculate AMT.
You can use the GPRegistryValue cmdlets to change registry - based policy settings and the GPPrefRegistryValue cmdlets to change registry preference items.
While I don't think that Congress will be able to get away with directly taxing qualified Roth withdrawals, I've more and more thought that we're going to end up seeing stuff like qualified Roth withdrawals being included in the taxability - of - SS - benefits calculation or becoming an AMT preference item or maybe even the repealed - in - 1997 excess accumulation tax on IRAs returning and applying to Roth IRA distributions in excess of some amount.
The main preference items, including capital gains, moved from the add - on tax to the AMT.
An alternative minimum tax (AMT) recalculates income tax after adding certain tax preference items back into adjusted gross income.
And the shifter is a personal preference item.
The purpose of the alternative minimum tax (AMT) is to restrict the tax benefits derived from various tax preference items, such as approved tax shelters, capital gains, investment tax credits and certain losses.
After calculating their regular income tax, many middle - and upper - income taxpayers must add a number of AMT «preference items» to their taxable income, subtract an AMT exemption amount, and recalculate their tax using the AMT tax rate structure.
It is designed to prevent taxpayers — particularly those with high incomes — from using certain deductions and credits (called tax - preference items) to pay little or no taxes.
You may have to pay the AMT if your taxable income for regular tax purposes, combined with certain adjustment and tax preference items (including interest on certain private activity bonds), is more than the following exemption amounts below:
It is designed to prevent taxpayers — particularly those with high incomes — from using certain deductions and credits (called tax - preference items) to pay little or no taxes.
The ISO is a preference item.
After calculating their regular income tax, many middle - and upper - income taxpayers must add a number of AMT «preference items» to their taxable income, subtract an AMT exemption amount, and recalculate their tax using the AMT tax rate structure.
The IRS considers the difference between the current fair market value and your exercise price as income in the current calendar year, either as ordinary income (for a Non-qualified Stock Option) or as an AMT preference item (for Incentive Stock Options).
Using the IRS definition: You may have to pay the AMT if your taxable income for regular tax purposes plus any adjustments and preference items that apply to you are more than the AMT exemption amount.
The spread between the grant price and the exercise price (multiplied by the number of shares exercised) is a preference items for AMT calculations.
Although that amount is not taxed under the regular tax, it is a preference item subject to tax if you're hit by the AMT.