Sentences with phrase «tax laws mean»

These are hypothetical, and to get an accurate sense of what the tax law means for you, consult a tax professional.

Tax Strategies Good News / Bad News: For Dividends, New Tax Law Means Lower Rates But More Headaches Most dividend income is now taxed at more favorable rates, but investors may be surprised at nuances of the new rules.

These are hypothetical, and to get an accurate sense of what the tax law means for you, consult a tax professional.

The uncertainty of the estate tax law means that families will desire to hedge their bets, in a manner of speaking, in order to avoid or mitigate the estate tax consequences.

Not exact matches

CNBC reports that buyout firms are racing to strike big deals now, before any tax law changes means their corporate competitors can pay even more for deals.

That's easier said than done, since the IRS permits corporate owners to switch their status only once every five years — which means it's tough to make a habit out of trying to time your switches to take advantage of the somewhat erratic U.S. tax laws.

While the new laws won't affect how we file our 2017 tax returns, the IRS says new tax brackets could be ready as early as February, meaning many of us could see changes in our take - home pay very soon.

Keeping benefits at their current levels required under law will mean less federal spending on education, infrastructure and defense unless Congress cuts benefits, raises taxes or both.

Also, the higher thresholds for the Alternative Minimum Tax («AMT») mean that many taxpayers who had to add back deductions for state and local taxes to determine their tax due may not have to pay the AMT, but the new law «caps» those deductions so the end result may be a small change for those taxpayeTax («AMT») mean that many taxpayers who had to add back deductions for state and local taxes to determine their tax due may not have to pay the AMT, but the new law «caps» those deductions so the end result may be a small change for those taxpayetax due may not have to pay the AMT, but the new law «caps» those deductions so the end result may be a small change for those taxpayers.

In order to allow tax reform legislation that reduces revenues through reconciliation, the budget resolution would have to set a revenue level below current law and give the Ways and Means Committee instructions to reduce revenues.

They suggested three ways in which RFRA might conceivably be interpreted (misinterpreted, really) to create bad consequences: (1) to give a church's opponents legal «standing» (a technical term meaning the right to sue) to challenge the church's tax - exempt status; (2) to allow taxpayers to claim their free exercise rights would be violated if a religiously affiliated organization receives government assistance under a secular program; and, most importantly, (3) to allow pro-abortion plaintiffs to claim a free exercise right to abortion if Roe v. Wade is overruled and states enact anti-abortion laws.

However, if you have some means to predict which will and won't have children, then let us have it and I'll support your efforts to change the laws to exclude these couples from the tax breaks.

Taxes or traffic laws are meant to be for the good of the people, including those who find them burdensome.

And by governance on a daily basis, mean from the how from kings, aristocrats, down through every layer of bureaucracy till you get to your local tax collector, what / why / how these people ran the government administration on a day to day basis, from dealing with a rival city who recently stole one of your citizens crops, to pirates interfering with trade on the Mediterranean, to drought, city administration, what to do with tax money, neighborly disputes, superstition, weather, crime, theft, laws and battles of ideology, to political rivalries and infighting, to a foreigner spreading strange religious ideas in the city (or dealing with somebody accused of a crime they claim they did not commit), I mean everything and everything these officials may have dealt with, daily, and how they changed over time.

Cuomo's payroll tax was unveiled this week and is meant to act as a workaround for the federal cap on state and local tax deductions set at $ 10,000, part of the December tax law approved by Congress.

@PoloHoleSet In Germany, one very rich man tried to get a law change so that in cases of large amounts of shares inherited, inheritance tax could be paid in shares, and not in cash - which would force the heirs to sell large amounts of shares, which would make the price drop, which would mean they have to sell a larger percentage of shares than the inheritance tax.

Not sure what you mean about the rich - if there are no deductions, the only loopholes left are to start siphoning money through foreign countries with more lax tax laws, which they're already doing anyone (along with Google, GE, etc..)

Tying the payment of taxes — or their non-payment — to specific projects and municipal needs means that the letter of tax law is not left hanging, uncoupled from the spirit on which it was originally encased, vulnerable to being skirted around by the wealthy.

The Internal Revenue Service has determined that the Empire Center is exempt from federal income tax under section 501c3 of the Internal Revenue Code, meaning contributions to the Empire Center are deductible to the full extent provided by law.

«Simpler tax laws would mean an easing of the administrative burden on business, individual taxpayers - especially the unrepresented - and tax collectors.

In theory, it would mean New Yorkers get to keep more money than they would under the new tax law.

Assembly Ways and Means Committee chairman, Rep. John Macco, says the mission for the rest of the session is to study tax - law changes.

That means for income taxes, where New York law defers to federal law, state - recognized marriage won't matter.

Maintaining three different categories of workers (employed, «dependent contractor» and self - employed) for employment law but just two for tax (employed and self - employed) is a mismatch which means confusion and inconsistency among taxpayers and their employers will continue.

Whilst welcoming the Taylor Review's proposals to bring greater fairness in rights to certain workers in the «Gig Economy», the Chartered Institute of Taxation (CIOT) advises that the suggestion in the Taylor Review to keep the three categories of workers under employment law - renaming one» dependent contractor» from «workers» — means further work will still be needed to ensure fairness and simplicity in tax outcomes.

The governor has linked the extension of rent control laws to the creation of a tax credit meant to spur donations to public schools and scholarship programs benefiting private and parochial schools.

CIOT has responded to HMRC's recent consultation on proposals to find an appropriate and proportionate means of ensuring corporations can be held accountable under the criminal law for failing to prevent their agents from criminally facilitating tax evasion.

According to state law, the hotel tax has a three - year sunset clause attached to it, meaning that it must be renewed by the state in fiscal year of 2018.

Cuomo said New York would sue the Trump administration over a provision in the new law which caps a deduction for state and local taxes at $ 10,000, a change which will mean significantly higher taxes for many residents in high - tax states such as New York.

That means donations are tax - deductible, and, under New York State law, it need not disclose donors.

«And that phrase is very significant in tax law because it means in my view, on the advice that I've had, that he can not avail himself of non-dom status.

As tax day rapidly approaches on April 17, many are wondering what the tax law overhaul will mean for next year's return.»

I mean, we know that the parcel of land is private where the pipe sits, and we know it is only assessed at $ 200, but the people of New York City are not going to appreciate finding out they have to dicker with a village that is not required to exist and a county legislator who is not required at all if the village is not required, and a village that allows landlords, like the county legislator who has to live in his district, the village of new paltz, to not NOT be a commercial property tax rate because the TOWN has no Homestead Law.

The law caps a deduction for state and local taxes, meaning many people in high - tax states like New York will see tax increases.

However, a series of court cases persuaded lawmakers that existing tax law didn't make clear the meaning of «compensation.»

She's someone who has used her inherited wealth and the wealth that she's married into to try to distort and reshape our laws to advance her personal views, which are that we should basically redefine public education to mean our tax dollars should be going to fund private schools, religious schools, that advance her worldview.

This means the expansion of vouchers, tax credit plans, and charters, as well as the passage of Parent Trigger laws, the embrace of homeschooling, and the creation of DIY schools that serve their children and those of their neighbors and even fellow parishioners.

The personal investment that tax credits establish means that individuals, businesses, and scholarship organizations - everyone who participates in the program - will have a strong and direct interest in defending and expanding the law.

The Florida public - school establishment is suing to repeal the Sunshine State's 13 - year - old school - choice tax credit and its new education savings accounts under the state's Blaine Amendment and its «uniformity clause,» which mandates that «Adequate provision shall be made by law for a uniform, efficient, safe, secure, and high quality system of free public schools...» The Florida Supreme Court previously struck down the state's voucher program under this provision in Bush v. Holmes (2006), on the grounds that the vouchers «divert [ed] public dollars» from «the sole means set out in the Constitution for the state to provide for the education of Florida's children.»

Becerra was the first Latino to serve on the powerful Ways and Means Committee, fighting for a fairer tax code and for fairer trade laws and working to protect Social Security and Medicare.

From Amazon: «This is a follow - up mail to remind you of the upcoming changes in European Union tax law and what this will mean for your books in Kindle Direct Publishing.

Assessment in relation to a tax - related liability other than an assessable amount, has the meaning given by the taxation law that provides for the assessment of the amount of the liability.

Hey lost my bars and tax topic 152 know they passed the new law but didn't receive the path act message just the keep checkin website message should I be worried am I flagged or this just means can't garuntee 21 days

A Self - Employed 401 (k) plan is a tax - deferred retirement plan for self - employed individuals that offers the most generous contribution limits of the 3 plans, but is suitable only for businesses with no «common law» employees, meaning any person working for the business who does not have an ownership interest.

Cajon — If you mean naming a spouse or common - law partner as a beneficiary upon death then the answer is yes you can and the proceeds are tax free.

Recently there have been big changes in areas like tax law, bankruptcy, and consumer debt management that could mean big changes in the way people manage their personal finances.

Under recently updated 2018 tax laws, this means that an unmarried person can pass $ 11,200,000 in exempt assets and a married couple can pass almost $ 22,400,000 without federal estate taxes.

The closest Congress came to making changes to the tax system came in 1941, when the House Ways and Means Committee proposed a mandatory joint return, with married couples being taxed on their combined income without the option to file separate returns or and without the option of applying community property laws.

Preventing this means making changes to the law, either in the form of higher taxes or lower benefits.

This means municipal bonds can effectively be tax free, but make sure to check with your tax advisor on specific bonds and local tax laws.