Sentences with phrase «tax liability reasons»

Additionally, if you have capital gains on the securities you own you may not want to sell due to tax liability reasons.

Not exact matches

Under that reasoning the IRS could request bank records for every United States customer from every bank branch in the United States because it is well known that tax liabilities in general are under reported and such records might turn up tax liabilities.»

There are so many reasons not to mix your business and personal accounts, including tax issues, personal liability, and jumbled accounting records, just to name a few.

But the main reason for holding HXT is its extreme tax efficiency: it uses an instrument called a «total - return swap» to defer the tax liability of dividends by in effect commuting them to capital gains that won't be realized until you sell your shares.

At the time an employer pays out qualified pension funds, through retirement or for any other reason, the IRS requires 20 percent withholding to cover future income tax liabilities and penalties.

Without going into the particulars here, it is widely known in the financial sector that ETFs have a greatly lower tax liability than mutual funds and for this reason, all things considered, ETFs are considered to have the greater potential for profit of the two.

The reason is that the worksheet takes you through more detail than may be necessary, but still leaves you with nothing better than an educated guess about your tax liability.

There may be other, more nefarious reasons, such as to hide liabilities like Enron did or to avoid taxes.

It stated, ``... the IRS will not assert that any taxpayer has understated his federal tax liability by reason of the receipt or personal use of frequent flyer miles or other in - kind promotional benefits attributable to the taxpayer's business or official travel... This relief does not apply to travel or other promotional benefits that are converted to cash, to compensation that is paid in the form of travel or other promotional benefits, or in other circumstances where these benefits are used for tax avoidance purposes.»

Simple reason why I do this: lower my tax liabilities at the end of year, and increase my tax - effective return.

For your questions: — No, you can not consolidate your loans together (nor would you want to for various liability reason, like divorce, payment amounts, etc)-- It could be worth it to file married, filing separately, but you should speak to a tax professional about that.

There are generally two reasons why you might hesitate... but these are the same reasons you should download our free special report, Capital Gains Canada: 7 Secrets for Managing Your Canadian Capital Gains Tax Liabilities, right now.

Reason # 1: You're curious about how you might better manage your Canadian capital gains tax liabilities, but think it may be too confusing or intimidating.

We would like to hold the property in an LLC for liability reasons, and we would really like that LLC to be registered with another state, since CA has a minimum tax of $ 800 / year, which is a significant amount considering we're seeding the company with only $ 30K to begin with.

For this reason, many people who are considering a wrongful death or survival action wonder if they can avoid incurring a significant tax liability when they receive a settlement or award.

He found that the company structure had been set up for conventional reasons, including wealth protection and the avoidance of tax, and had not been used to conceal or avoid liability.

But this article contains Five More potential reasons that the IRS could come calling for Your So Called Asset Protected Insurance Policy, such as: Government Collection Methods, When a Lien Attaches to a Property, Right to Disability Payments, Right to Annuities, Spousal Liability, Right to Income Taxes From Death Proceeds When the Government Has a Lien, and Right to Income Taxes From Death Proceeds When the Government Has No Lien.

There are certainly a multitude of reasons for the cryptocurrency market sell - off, but are US tax liabilities one of the biggest?

The reason for forming an entity from my perspective has always first been to business needs and taxes, then to liability.