Sentences with phrase «special type of tax»

Whole life and universal life policies both provide this option, acting as special type of tax - deferred savings account.

A special type of tax - exempt private activity bond created to boost construction or renovation of residential property within the Liberty Zone in Lower Manhattan, New York, and commercial property within New York City primarily in the Liberty Zone following the September 11, 2001 terrorist attacks.

However, a financial institution may deduct 80 percent of its interest expense allocable to «qualified tax - exempt obligations,» which are a special type of tax - exempt obligation issued by qualified small issuers that reasonably anticipate issuing no more than $ 10 million in tax - exempt obligations during the calendar year.

Not exact matches

Nonprofits and foundations, to preserve their special tax status, are restricted in the types and levels of lobbying they can fund.

You probably know, for example, that a 401 (k) is a type of «defined contribution plan,» and you are probably aware that it receives special tax treatment from the IRS.

So it's still legal to buy, sell, and exchange these kinds of weapons, including in Nevada, as long as they're a few decades old — although with some extra hurdles that don't apply to other types of firearms, such as registering fully automatic guns with the US Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) and paying a special tax, with the risk of additional penalties if someone doesn't comply.

These types of accounts are also given special tax treatment by the IRS.

During a special meeting, Village Board members voted 4 - 2 to rescind a bond ordinance passed last fall and replace it with one that changes the type of bond used to help pay for a new tax increment financing district on Lyons» west side.

WE OFFER GREAT FINANCING FOR ANY TYPE OF CREDIT GIVE US A CALL TODAY OR FILL OUT CREDIT APPLICATION ONLINE All advertised prices are cash specials exclude government tax, finance charges, dealer document, and emission testing charge.

Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support and alimony (known as Domestic Support Obligations), student loans (but tuition is dischargable), court restitution orders, criminal fines, and some taxes.

Tax - Free Savings Account (TFSA): A special type of account where any investment gains made inside the account are non-taxable.

Special rules for mutual funds permit the tax treatment of certain types of income to «flow through» to the shareholders.

To qualify for special tax treatment, mutual funds must comply with rules concerning the types of investments they make, the payment of dividends, and various other matters.

Discharge types of debts singled out by the federal bankruptcy statutes for special treatment, such as child support, alimony, student loans, certain court ordered payments, criminal fines, and some taxes.

Moreover, Dan goes through the taxation of Kinder Morgan Energy Partners (UNKNOWN: KMP.DL) and other master limited partnerships, which incur different types of taxes on their distributions because of the special rules applying to energy companies.

So, if you're just investing within an LLC, you don't get any type of special tax treatment.

A: Indeed, the U.S. does not consider a TFSA to be any special type of account for tax sheltering purposes, so from their perspective, it's a regular investment account and the income earned would be investment income which, as a U.S. citizen, you must report to the IRS on your U.S. tax return.

Tax liens can stay on your credit report longer than any other type of negative information and require special treatment.

OverviewGet job experienceBuild a credit score fastProperty buying tipsPay less taxInvest wiselyInsurance to buyFinding childcareAvoid scamsDirectory of free resourcesGetting started checklist RRSPs: A Registered Retirement Savings Plan is a special type of account that shelters your retirement savings from tax.

The Roth IRA is a special type of retirement account that makes it possible to avoid taxation on investment returns because you invest with money that you have already paid taxes on in the present.

There's nothing special to do on your federal income tax return for this type of interest.

This type of account has no special tax breaks for saving for retirement, but it comes in as Step 5 in our order of operations for funding retirement because it is important to invest versus just saving.

A Roth individual retirement account is a special type of IRA that offers after - tax savings, rather than pretax savings like a traditional IRA.

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Technically, an S - Corp is a type of C - Corp subject to special tax exemptions in exchange for certain limitations.

There are many types of damages, including damages for pain and suffering, out of pocket expenses or special damages, loss of housekeeping capacity, loss of future housekeeping capacity, loss of income and past diminished earning capacity, future diminished earning capacity, cost of future care, accelerated depreciation, in - trust claims, and tax gross up and management fees.

In addition, by making appropriate provision under a will, advantage can be taken of the special inheritance tax treatment afforded to certain types of agricultural and business property.

A Roth IRA is a special type of individual retirement plan that is generally not taxed, provided certain conditions are met.

For example, if retirement assets (pensions, profit - sharing plans, 401 (k) plans, or other tax - deferred retirement - type plans) are involved in your case, a special court order called a QDRO (Qualfied Domestic Relations Order) or a DRO (Domestic Relations Order) or a similar type of court order dividing retirement plan interests must be prepared, approved by the retirement plan administrator, signed and filed by the judge, served on the retirement plan administrator and then implemented by that plan administrator.