Sentences with phrase «tax assets due»

Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.

Not exact matches

The No. 1 U.S. mortgage financing company swung back from a net loss of $ 6.53 billion in the fourth quarter due to a $ 9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax...

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

As long as the gift doesn't exceed $ 12,000 in 2006 (or $ 24,000 if a married couple gifts the asset), no gift tax is due on the gift itself or on the appreciation.

Part of this underperformance was due to selling during crashes and buying during booms, part of it had to do with frictional expenses such as brokerage commissions, capital gains taxes, and spreads, and part of it was the result of taking on too much risk by investing in assets that weren't understood.

Due to the history of losses the Company has generated in the past, the Company believed as of December 31, 2014 that it is more likely than not that its deferred tax assets would not be realized.

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

The reaction to the US Tax Cuts and Jobs Act announced in December was pretty much universally positive among bank CEOs reporting results in January, but the effects varied a lot — mostly due to the fact that levels of historic deferred tax assets (DTAs) are far from equTax Cuts and Jobs Act announced in December was pretty much universally positive among bank CEOs reporting results in January, but the effects varied a lot — mostly due to the fact that levels of historic deferred tax assets (DTAs) are far from equtax assets (DTAs) are far from equal.

A spokeswoman declined to answer a series of direct questions from CNBC about his case, instead providing a statement from Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department's Tax Division: «Bradley Birkenfeld was afforded due process of law and sentenced by a federal district court after full consideration of all relevant facts and circumstances, including his admission that he advised wealthy UBS clients on how to conceal their assets from the U.S. government,» she said.

Further, under the current tax system, capital gains tax is due on the appreciation of assets, such as real estate, stock, or an art collection, only when the owner «realizes» the gain (usually by selling the asset).

The tax breaks were due to come into force as part of the raft of «A-Day» reforms next April, and would have enabled savers to add properties and assets such as art collections worth up to # 215,000 to a Sipps - they would then receive a full tax rebate on their initial purchase.

Furthermore, the relatively quick process of converting coal - fired plants to biomass - fired generation is an attractive benefit for power generators whose generation assets are no longer viable as coal plants due to the expiration of operating permits or the introduction of taxes or other restrictions on fossil fuel usage or emissions of GHGs and other pollutants.

That's because the year you die, all of your assets will be deemed to have been sold and taxes will be due on your final tax return.

The Guys cover a variety of topics, including investing strategies, tax and asset protection planning, market and property due diligence, and even international diversification.

Assuming your RRSP is maxed out, there is one overarching principle to keep in mind when deciding where to hold securities, says Matthew Ardrey, vice-president at Toronto - based wealth management firm T.E. Wealth: «Place the asset class that generates the most tax - efficient income in the non-registered account first, due to the dividend tax credit and capital gains treatment.»

A tax lien is defined as a state or federal claim against a company's assets or property due to their failure to satisfy a tax bill on time.

If you owe taxes due to the sale of farm assets, those taxes are not priority.

There would be capital gains tax to be paid if the assets are sold, but a long - term investment of, say, 20 years with no tax on annual gains of 3 per cent after inflation would easily cover tax due at no more than about 22 per cent of realized gains based on 50 per cent inclusion rate, as present tax rules allow.

The passive index strategy is purportedly advantageous due to its relatively low management fees, greater tax efficiency and higher diversification across the asset class.

By swapping those assets that are currently trading below the purchase price (due to a rise in interest rates, deteriorating credit situation, etc.) you can reduce or eliminate the capital gains you would otherwise have paid on your other profitable transactions in the current tax year.

Done wisely, residential real estate investing can help build wealth like few other assets can due to its tax benefits, inflation hedge, and leverage and cash flow potential.

If the estate assets were valued at $ 6 million, a tax would be due on $ 400,000.

My inclination at the moment is to believe that there should be no tax due on the «post 87» Titanic assets due to the court ruling.

Ideally, of course, I would like to see some taxes due under this scenario because it would mean that there is some kind of return on these assets.

And also, with every year / decade, more & more economic value creation comes from intangible assets / intellectual property — as the US government's painfully learned (due entirely to its own uncompetitive tax position), it's much much harder to nail down (& tax) the ownership / domicile / source of this value creation!

Aside from being an administrative headache to accomplish in the 9 months before estate taxes are due, selling assets may not conform with your wishes or those of your family.

The importance of any debt is determined by the impact that it can have on your life both now and in the future, so clearing past due taxes would be one of the first debts that you would have to look at due to the penalties and compounding interest that you will have to pay and the fact that the IRS has so many powers to seize assets and make life very difficult for you.

When converted, the traditional IRA assets are subject to taxation because they consist of deductible contributions and earnings, and the taxes due on the conversion are paid from a separate taxable account.

In any case, for the Roth IRA conversion to result in the most tax - deferred assets, any taxes due on the amount converted should be paid from a separate taxable account and not the IRA itself.

If your US assets exceed $ 60,000, even if no US estate tax is due, you may still be required to file a US estate tax return along with a statement claiming the benefits provided under the tax treaty.

For example, assets that are being held in what is called «B Trusts» due to huge changes over the years in estate tax laws can be converted to life insurance policies thereby reserving an estate tax free death benefit.

Scenario II: Deferred tax assets (with expiration dates of up to 20 years) of $ 36 M have not been recognised in respect of US losses, due to uncertainty regarding their utilisation.

Information about your first mortgage, such as your monthly mortgage statement Information about any second mortgage or home equity line of credit on the house Account balances and minimum monthly payments due on all of your credit cards Account balances and monthly payments on all your other debts such as student loans and car loans Your most recent income tax return Information about your savings and other assets Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources

Filed under Asset Protection, Business Incorporation, Creative Real Estate Investing, Due Diligence, Entrepreneurship, Tax Planning.

Technology Brands GAAP operating loss was ($ 359.8) million due to $ 390.9 million ($ 258.5 million net of taxes) in asset impairment and other charges.

Problems which can be avoided through effective legal due diligence include the purchaser being burdened with outstanding tax debts, liens on its assets, unresolved litigation matters, environmental violations, work orders and employment law violations.

The wife will fail when in competition with the confiscation order where complicit in the crime; the husband's assets were reduced to nil by having to pay now what he ought to have paid years ago; or where the domestic economy and the assets accumulated were only of the size they were because the husband had failed to pay tax which had been due.

Instead they busy themselves with due diligence on tax, antitrust, legal, financial, intellectual property, and other asset or industry - specific areas.

Her expertise ranges from: (anti--RRB- bribery & corruption, (anti--RRB- money laundering compliance, asset restraint / confiscation, business investigations, cartels, civil recovery / forfeiture, civil settlements, confiscation, corporate governance, corporate investigations, cybercrime, dawn raids & emergency response, disclosure, DPAs, due diligence, extradition, FCA regulatory & professional disciplinary, FX and LIBOR investigations, informants, insider dealing, market abuse, money laundering, POCA, privilege / protected documents / information, RIPA, s. 2 interviews, SAR reports, sentencing, serious crime, serious fraud, SIPP fraud, tax / VAT investigations / tribunals / prosecutions, white collar crime.

For practical purposes, a breach may arise: (i) if a state may makes discriminatory legislative reforms which adversely affect the international investment; or (ii) if a state arbitrarily or capriciously denies tax exemptions to international investors in respect of revenues or profits generated by their investment; or (iii) if a state discriminates against an international investor by refusing to grant or renew permits; or (iv) if a state expropriates investment assets without due and proper compensation paid to the investor etc..

Tax implications — capital assets figures should be qualified by costs of sale and potential tax dTax implications — capital assets figures should be qualified by costs of sale and potential tax dtax due.

Life insurance provides liquidity to keep the business running when you pass away and also pays inheritance taxes that could be due when large assets are passed to the next generation.

If the estate is not liquid, for example, the beneficiaries would either need to find the funds to pay the taxes due, or sell off the assets in order to make the payments.

The Trustee, on behalf of the trust, then writes a check to the Federal Government for the balance of the estate tax due and the remaining estate assets pass to the named beneficiaries in tact.

The task of retirement planning is made complex due to many variables in the form of different asset classes — their risks and returns, advantages and disadvantages, tax implications among other factors.

This means there is no tax due on the growth of these assets unless or until they are withdrawn.

For example, assets that are being held in what is called «B Trusts» due to huge changes over the years in estate tax laws can be converted to life insurance policies thereby reserving an estate tax free death benefit.

In other words, in order to keep your estate whole (not force your heirs to sell off assets) you will need to provide your loved ones with tax free money to pay the estate taxes due upon your death.

If you are the beneficiary of a death benefit of $ 500k from your parent and your parent has more assets than the Federal estate tax exclusions in effect at time of death, then perhaps the $ 500k will have estate taxes due as part of the estate.

There is no delay, as might be the case with other types of assets, because of the intervention of state or other governmental bodies due to settlement of tax issues, or because of claims by the decedent's creditors.