Sentences with phrase «purposes of tax law»

Actually, that is the exact reason that machine gun is under Title 26, for the purposes of tax law.

It's not as if Title 26 is redefining a machine gun for the purpose of tax law; Title 18 actually states something along the lines of «Machine gun, as defined in Title 26 / Section etc etc».

Not exact matches

OFFSHORE COMPANIES (INTERNATIONAL BUSINESS COMPANIES) is a company which does not carry out any substantial business activities in its country of formation and is framed in a law of no tax jurisdiction for the purposes of legally reducing any kind of tax payment and enhancing one's wealth management.

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.

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.

Apart from the Financial Crimes Enforcement Network of the US Department of the Treasury («FinCEN»), major US regulators such as the US Commodity Futures Trading Commission («CFTC»), Internal Revenue Service («IRS») and SEC, have yet to make official pronouncements or adopt rules providing guidance with respect to the classification and treatment of Bitcoins and other Digital Math - Based Assets for purposes of commodities, tax and securities laws.

A good example is his treatment of the law of tithe, a tax of 10 per cent for religious purposes levied on agricultural produce.

If you are employed by a congregation for a salary, you are generally a common - law employee and income from the exercise of your ministry is considered wages for income tax purposes.

Both Tailor and Dirk Van Beek, representing Dixmoor voters, argued that the park district could be dissolved under state law since the district failed to hold regular meetings for the last five years, failed to acquire and maintain land for park purposes, failed to have a planned program of recreation and failed to pass an annual budget and act to levy taxes.

This local law, enacted for either one - or two - year terms by the Erie County Legislature, dedicated a portion of Erie County's real property tax for Library purposes and guaranteed that funds appropriated by the Legislature could not be re-appropriated to cover mid-year shortfalls elsewhere in the Erie County budget.

Two Illinois courts of appeals held that Illinois» tax credit for educational expenses is constitutional because it has a clearly secular legislative purpose of ensuring a well - educated citizenry and relieving public expense, has the primary effect of effectuating those purposes, and involves no more government entanglement with religion than many other state tax laws.

For tax purposes, community property law treats most items of income of married couples as belonging half - and - half to each spouse.

However, where the non-inclusion of an amount in a taxpayer's assessable income is «attributable to» the making of an election or choice expressly provided by the income tax law, no tax benefit is obtained by the taxpayer, unless the scheme put the taxpayer in the position to make that election and a person who participated in the scheme did so with that purpose.

To the extent that this material concerns tax matters, it is not intended or written to be used, and can not be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.

The take away here is that the tax laws are in place to make people use annuities for the intended purpose which is to provide a stream of payments to the annuity owner based upon his / her life expectancy.

For tax purposes, community property law treats most income and some (but not all) deductions of married couples as belonging half - and - half to each spouse.

There is little recent guidance on this issue and it isn't clear that this rule should apply to accounts established under the more modern version of the custodial account law, because UTMA contains language designed to prevent parents from being taxed on custodial account income when the account is used for purposes that fall within the parent's support obligation.

This document withdraws proposed regulations relating to the definition of an authorized placement agency for purposes of a dependency exemption for a child placed for adoption that were issued prior to the changes made to the law by the Working Families Tax Relief Act of 2004 (WFTRA).

A family unit, for tax purposes, consists of you, your spouse (or common - law partner) and any unmarried children under the age of 18.

An individual, who has an employment relationship, acknowledged by both the individual and the mortgage broker or mortgage banker and is treated as an employee for purposes of compliance with the federal income tax laws.

Under the terms of the Advisory Agreement, each Fund is responsible for the payment of the following expenses among others: (a) the fees payable to the Adviser, (b) the fees and expenses of Trustees who are not affiliated persons of the Adviser or Distributor (as defined under the section entitled («The Distributor»)(c) the fees and certain expenses of the Custodian (as defined under the section entitled «Custodian») and Transfer and Dividend Disbursing Agent (as defined under the section entitled «Transfer Agent»), including the cost of maintaining certain required records of the Fund and of pricing the Fund's shares, (d) the charges and expenses of legal counsel and independent accountants for the Fund, (e) brokerage commissions and any issue or transfer taxes chargeable to the Fund in connection with its securities transactions, (f) all taxes and corporate fees payable by the Fund to governmental agencies, (g) the fees of any trade association of which the Fund may be a member, (h) the cost of fidelity and liability insurance, (i) the fees and expenses involved in registering and maintaining registration of the Fund and of shares with the SEC, qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and prospectuses for such purposes, (j) all expenses of shareholders and Trustees» meetings (including travel expenses of trustees and officers of the Trust who are not directors,

In your case, because you're in a common - law relationship for tax purposes, you must inform CRA of your new relationship when you file your returns.

For the state estate tax purposes, whether the laws of New York or California apply may often turn on which state Ms. Rivers was deemed to be domiciled in at the time of her death.

In the year of disposition the adjustment will be a subtraction for gain attributable to installment payments to be made in future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax return.

Chartered Club is founded and managed by Karan Batra in 2009, the purpose of this blog is to aware everyone about taxes laws and help them to make them taxes better.

Contributions for the purposes of Bmoreart are tax - deductible to the extent permitted by law.

Contributions for the purposes of Shrine For Girls are tax - deductible to the extent permitted by law.

Contributions for the charitable purposes of The Studio Visit must be made payable to «Fractured Atlas» only and are tax - deductible to the extent permitted by law.

These foundations are usually fronted by another NGO «funding organisation» to provide a degree of legal separation required under US law (and sometimes for tax purposes).

Contributions for the charitable purposes of Tiny House Expedition are tax - deductible to the extent permitted by law.

Administrative law: When the Capilano Shopping Centre was assessed, for property tax purposes, at $ 31.3 million, it appealed to the Assessment Review Board for the City of Edmonton.

The purpose of these two criteria is to be consistent with the tax law's intent that 2017 property taxes are deductible under the 2017 federal tax rules and 2018 property taxes are deductible under the 2018 federal tax rules.

(E)-- And Section 28 (Ka) of BANKING COMPANY of 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National (F) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof BANKING COMPANY of 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National (F) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National (F) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of BangladeOF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National (F) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof Law for realizing Government Taxes, Agricultural Loan etc and is one of the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof the worst system of CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof CLONIAL RULE Suffering Groups of Owner of Industries of Bangladeof Owner of Industries of Bangladeof Industries of Bangladeof Bangladesh

The purposes of ACTC are to foster and recognize the excellence of its members and to elevate standards in the practice of the profession of tax law; to facilitate scholarly discussions and examination of tax policy issues; and to provide additional mechanisms for input by tax professionals in development of tax laws and policy.

HMRC's practice is to treat all partnerships as transparent for UK corporation tax purposes, regardless of whether they are governed under Scottish or English law.

Now given that scenario you've stated that «the purpose of the law society regulations (and tax regulations) is to protect consumers of legal (tax) services, not their suppliers (a point sometimes lost on the LSUC, and clearly lost on taxi regulators)» and I agree there's no disagreement about that.

After all, the purpose of the law society regulations (and tax regulations) is to protect consumers of legal (tax) services, not their suppliers (a point sometimes lost on the LSUC, and clearly lost on taxi regulators).

IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, any tax information contained in this site was not intended or written to be used, and can not be used, for the purpose of (i) avoiding tax - related penalties under federal, state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed on this site.

In this session, led by Tracy Carter of Yahoo's Legal Operations Team and Marika Daggett of Google's Legal Operations Team, you will learn about core eBilling regulations; how electronic invoicing works for VAT purposes; the basics around what's needed to comply with VAT / TAX laws; LEDES / VAT facts and get an overview of how to manage a VAT Invoice.

In Ives Camargo's Case, issued today, the highest court in Massachusetts confirmed that there are varying statutory tests to determine employee verses independent contractor status for purposes of the workers» compensation, unemployment insurance, wage, and tax withholding laws:

CONSULTATIONS Although this site may address certain tax issues, it is not a «reliance opinion» within the meaning of Treasury Circular 230 and, therefore, it is not intended to be used for, and can not be used for, the purpose of avoiding the imposition of penalties under Federal tax laws.

Administrative law — Judicial review — Municipal law — Taxation — Real property tax — Payments made by Federal Crown in lieu of real property tax — Assessed value of Halifax Citadel — Whether the Federal Court of Appeal erred in holding that the Minister is unconstrained by the assessed value of the property determined by the assessment authority in determining the property value of a federal property for purposes of the PILT Act — Whether the Federal Court of Appeal erred in holding that the Minister acted reasonably in determining the property value of the Halifax Citadel lands (adopting the determination of the Dispute Advisory Panel appointed under the Act), and in particular in valuing the portion of the lands upon which are located improvements which are exempt from payments in lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M Taxes Act, R.S.C. 1985, c. M - 13.

Under current law, the value of farmland can be reduced up to $ 1 million for estate tax purposes under § 2032 (a)(Special Use Valuation).

Like many states, Rhode Island uses federal taxable income, as determined under the current IRC (but without special deductions allowed under federal law), as the starting point for determining taxable income for purposes of the business corporation tax.

First of all, banks, by law, have been keeping copies of checks on microfiche for about the past 50 years, for tax and other legal purposes (unless the bank went out of business).

When Parliament repeals the prohibition against drug trafficking (at least with respect to pot) it may become a by - law issue — though, given that the federal government and the provinces continue to heavily regulate the sale of other substances such as cigarettes and alcohol, and if the sale of pot (other than for medicinal purposes) is ever legalized we should expect it to be heavily taxes, the notion that the sale of pot will ever only become a by - law issue seems far - fetched — but until it does it's simply wrong to say this is a by - law issue.

These types of policies are most common for estate planning purposes where after both insureds pass, immediate cash is needed to settle an estate or mitigate larger tax bills due to estate tax laws.

There are also some exemptions to the restrictions — where automated processing is necessary for entering into (or performance of) a contract between an organization and the individual; or where it's authorized by law (e.g. for the purposes of detecting fraud or tax evasion); or where an individual has explicitly consented to the processing.

While no one knows for sure except for legislators and those in charge of upcoming policy proposals, it's safe to say that the G20 summit will lead to at least some new laws or rules about cryptocurrency and how it is handled, perhaps for tax purposes.

Q - 2: Is virtual currency treated as currency for purposes of determining whether a transaction results in foreign currency gain or loss under U.S. federal tax laws?