Sentences with phrase «tax debt a challenging»

Even without penalties and interest, many Canadians find the prospect of paying their tax debt a challenging one.

Not exact matches

The business interest deduction has been a staple of the tax code for over a century and a key tool for the home building industry: Debt is a critical financing tool, and access to equity markets is challenging for the majority of home builders.

The current tax framework also faces challenges from deficit - hawks in the Senate, particularly with a current debt - to - GDP ratio at a staggering 75 %.

Town Supervisor Joseph Saladino faces several challenges, including credit ratings at or just above junk status, multimillion - dollar accumulated debt, a 2017 budget that includes an 11.5 percent tax levy increase to help restore the town's financial footing, and an investigation by the Securities and Exchange Commission.

With my proposed budget, we are overcoming the monumental challenges of paying back a $ 138 million debt from before I took office, a payback that logically would have resulted into nearly a 15 % property tax increase.

But as even he has discovered, many of these investors may still need some help or guidance in choosing ETFs, settling on an appropriate asset allocation, rebalancing or even with financial issues that go well beyond managing investment portfolios — more holistic challenges like tax - efficient withdrawal strategies, insurance and estate planning, debt management and the like.

Admittedly, working with a tax debt specialist can bring in challenges.

Penalty abatement: Through this tax debt resolution method, a tax debtor challenges interest and penalties for a specific length of time.

Thirteen participants received a thorough approach to staying on top of your budget, tracking expenses, making sense of your taxes and reducing your debt, all of which can be challenging prospects for self - employed artists.

The pass - through issue illustrates the political challenges and complex math facing Republicans as they try to prevent their tax cuts from exploding the debt.

This uncertainty includes the upcoming and repeated challenge of raising the debt ceiling (this deadline was originally scheduled for early September, but got pushed out until December); enacting a federal government budget for fiscal year 2018 (the fiscal year began October 1st, but Congress extended last year's budget until December); and engaging in the first significant discussion of tax reform in 30 years.

The lack of crucial data points in the previous version of the 1098 form made it challenging for the IRS to determine whether some properties qualified for interest deductions and whether the claimed amounts were in sync with reported incomes or were based on mortgage amounts that exceeded the tax code's limits of $ 1 million in «home acquisition debt» and $ 100,000 of «home equity debt.»