Sentences with phrase «received during the tax year»

One of my checks was not received during the tax year.

The IRS requires a 14 - year - old to file a separate tax return from a parent if certain types and amounts of income are received during the tax year.

You'll need to show the amount of any tax - exempt interest you received during the tax year.

Customers who have more than one account with a bank or who received multiple rewards for different promotions would receive a 1099 for the total amount received during the tax year.

At the end of the year, you receive a Form 1099 that recaps payments you received during the tax year, not a W - 2 that employees receive at the end of the year for tax purposes.

Not exact matches

When you file your tax return, if the amount of taxes you owe (your tax liability) is less than the amount that was withheld from your paycheck during the course of the year, you will receive a refund for the difference.

Whether or not you get a tax refund depends on the amount of taxes you paid during the year (because they were withheld from your paycheck), your tax liability and whether or not you received any refundable tax credits.

Because of the limitations of Internal Revenue Code Section 162 (m), we generally receive a federal income tax deduction for compensation paid to our chief executive officer and to certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any fiscal year or is «performance - based» under Code Section 162 (m).

Based on the limitations imposed by Code Section 162 (m), we generally may receive a federal income tax deduction for compensation paid to our Chief Executive Officer and to certain of our other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any year or is «performance - based» under Code Section 162 (m).

To determine the amount of income derived from each jurisdiction, multiply the total tax - exempt interest you received from the fund during the calendar year, as reported on Form 1099 - DIV, box 10 by the percentage shown.

Other shareholders can determine the AMT reportable specified private activity bond interest by multiplying the percentage shown by the total Tax - Exempt Income Dividends received during the year as reported on their annual Year - End Asset Summary Statemyear as reported on their annual Year - End Asset Summary StatemYear - End Asset Summary Statement.

As a result of the losses, Asahi paid no tax most years and received a net $ 40 million in tax benefits during six years.

But those who received the tax break during a year in which they earned more than $ 500,000, have not....

During the 2014 — 15 school year, more than 200,000 students received tax - credit scholarships in 14 states, and two more states adopted similar laws this year.

The actual forms you will receive depend upon the types of funds you own and the activity on your accounts during the 2017 tax year.

You would receive a W - 2 if you earned income with withheld tax or your income is at least $ 600 with no tax withheld during the year.

If you paid $ 600 or more in interest to a federal loan servicer during the tax year, you will receive at least one 1098 - E.

To determine the amount of income derived from each jurisdiction, multiply the total tax - exempt interest you received from the fund during the calendar year, as reported on Form 1099 - DIV, box 10 by the percentage shown.

Other shareholders can determine the AMT reportable specified private activity bond interest by multiplying the percentage shown by the total Tax - Exempt Income Dividends received during the year as reported on their annual Year - End Asset Summary Statemyear as reported on their annual Year - End Asset Summary StatemYear - End Asset Summary Statement.

Tax Strategies Canada Make sure you have made at least $ 2,500 in registered education savings plan contributions per child during 2010, since that is the new amount that entitles you to receive the 20 - per - cent CESG (Canada Education Savings Grant) on, up from $ 2,000 in previous years.

The amount of tax credit you receive is based on 20 % of the qualified expenses you paid during the tax year.

Although the holding period requirement is the same whether you received a dividend for shares you hold directly or in a mutual fund during the tax year, how you determine the holding period may vary, as outlined below.

If the dividends or other distributions earned in your account during the year were less than $ 10.00, you will not receive Form 1099 - DIV for the year unless backup withholding was withheld or the fund has elected to pass through foreign tax paid.

If you paid less than $ 600 in interest to a federal loan servicer during the tax year and do not receive a 1098 - E, contact your servicer for the exact amount of interest paid during the year.

Qualified dividends are listed in box 1b on IRS Form 1099 - DIV, a tax form sent to investors who receive distributions during the calendar year from any type of investment.

The insurance company may issue a 1099 statement showing the amount of claims income received during the year, and the recipient pays taxes on the amount.

The amount in Box 42 indicates the amount of tax - free distributions received during the year and must reduce the adjusted cost base of the related investment.

One of the most common reasons you'd receive tax form 1099 - MISC is if you are self - employed or did work as an independent contractor during the previous year.

You pay a monthly premium - $ 500,000 of coverage for a twenty - year term will cost around $ 30 per month for a healthy male in their mid-30s - and, in return, your survivors will receive a tax - free lump sum of money if you die during the term.

We receive a sizable windfall from the federal government every year during tax season and we committed every penny and then some to reducing our debt.

For example, if your fund made no distributions and you sold or exchanged no shares from your account during the tax year, your Transamerica Funds account is not subject to any tax consequences and therefore you should not receive any tax forms.

For the tax to be deferred, your employee must not receive more than $ 5,000 worth of shares (or stapled securities) during the year under salary - sacrifice arrangements from you (their employer) or your holding company.

If you received foreign income during the year or sold a foreign stock, your tax calculations can be a bit more complicated.

The IRS defines «income» as any money that you receive during the given tax year.

In fact, when you figure the credit you have to reduce your eligible contributions by the amount of distributions you received during a «testing period» consisting of the year for which you're claiming the credit, the period after the end of that year until the due date (including extensions) of your tax return for that year, and the two years before that year.

Any gains recognized on disposition of the PFIC shares and distributions received from a PFIC during the year greater than 125 % of the average distributions received during the previous three years would be taxed as ordinary investment income during the year.

Also, there may times during the year where you receive extra money — examples would be a tax refund or a year - end bonus.

Thousands of Americans apply and receive income tax advance loans each year during tax season.

If you are a legal resident of another state, you are not required to file a Georgia income tax return if your only activity for financial gain or profit in Georgia consists of performing services in Georgia for an employer as an employee when the compensation for services performed does not exceed the lesser of five percent of the income received in all places during the taxable year or $ 5,000.

The Form 1099 - G, 1099 - MISC, or 1099 - INT is a report of income tax refunds (or overpayments carried to another tax period), Maine Residents Property Tax and Rent Program refunds, or refunds from the Business Equipment Tax Reimbursement Program, and interest payments that you received from Maine Revenue Services (MRS) during the prior calendar yetax refunds (or overpayments carried to another tax period), Maine Residents Property Tax and Rent Program refunds, or refunds from the Business Equipment Tax Reimbursement Program, and interest payments that you received from Maine Revenue Services (MRS) during the prior calendar yetax period), Maine Residents Property Tax and Rent Program refunds, or refunds from the Business Equipment Tax Reimbursement Program, and interest payments that you received from Maine Revenue Services (MRS) during the prior calendar yeTax and Rent Program refunds, or refunds from the Business Equipment Tax Reimbursement Program, and interest payments that you received from Maine Revenue Services (MRS) during the prior calendar yeTax Reimbursement Program, and interest payments that you received from Maine Revenue Services (MRS) during the prior calendar year.

During the time you own these bonds, you must pay tax each year on a portion of the discount, even if you do not receive any current interest income.

Federal income tax refunds received during 2016 are not taxable income for 2016 (or any other year) on either the Federal or the State tax return.

If you receive any sales tax refunds during the year, be sure to reduce your deductible sales tax payments if not using the optional sales tax tables to calculate your deduction.

Box 1b may list «VARIOUS» if you received proceeds relating to shares that you purchased on multiple dates that were redeemed during the tax year.

Current federal tax law requires the holder of a U.S. Treasury or other fixed income zero coupon security to accrue as income each year a portion of the discount at which the security was purchased, even though the holder receives no interest payment in cash on the security during the year.

Also remember that you will likely owe tax on the rental income you received — tax that you likely haven't set aside during the 2016 tax year.

I had an Internship during 2016 and received back all federal taxes I paid that year (filed as...

If you have no income during the Tax Year, but wish to prepare and efile a tax return in order to receive the premium tax credit, enter $ 1.00 as your income in the efile.com income sectiTax Year, but wish to prepare and efile a tax return in order to receive the premium tax credit, enter $ 1.00 as your income in the efile.com income sectitax return in order to receive the premium tax credit, enter $ 1.00 as your income in the efile.com income sectitax credit, enter $ 1.00 as your income in the efile.com income section.

Public tax filings for 2003 - 7 (the last five years for which documents are available) show that the Committee for a Constructive Tomorrow received hundreds of thousands of dollars from the ExxonMobil Foundation and foundations associated with the billionaire Richard Mellon Scaife, a longtime financier of conservative causes, including being the primary source of money used to fund attacks against Bill Clinton during the Whitewater and Monica Lewinsky eras of his presidency [1].

If you pass away during that 20 - year period, your family (beneficiary you choose) receives the $ 250,000 death benefit tax - free.