Sentences with phrase «tax liability to»

Talk to your accountant about your adoption expenses and tax liability to find out if you will benefit from the adoption credit.

Proper estate planning with life insurance can help you avoid or eliminate your estate tax liability to preserve your legacy for future generations.

The employer may pay an additional income tax - deductible bonus to offset the increased tax liability to the employee.

As the policy's cash account builds up, there is no tax liability to be concerned about because the earnings inside the policy are tax - deferred.

Typical practice requires a tax liability to offset tax credits, and tax credits can not reduce the tax liability below zero nor are they immediately refundable.

I don't have a problem with these large companies because they make solar available to people who either don't want to make any investment in solar or do not have the federal income tax liability to be able to get benefit out of the 30 % solar tax credit.

That being said, they can not reduce your income tax liability to less than zero.

Regardless, I do expect the PV of future tax liability to be much less because I fully expect to be withdrawing at lower tax rates (assuming current tax rates hold, which I grant is a huge assumption).

Bankruptcy may eliminate all personal liability on the mortgage (then cutting off any tax liability to the IRS).

As shown in the table, if David dies in 2018, his estate can claim a unified credit equal to $ 442,580 (10 % of $ 4,425,800), reducing his estate tax liability to $ 103,220.

You include the withdrawal in income on the Canadian tax return and claim the transfer into your RRSP, resulting in no additional tax liability to Canada.

The AOTC is a partially refundable tax credit, which means if it reduces your tax liability to zero, you can have 40 percent of any remaining amount of the credit, up to $ 1,000 refunded to you.

It's unfortunate to have a tax liability to deal with in this case, Mary.

With this tax credit, you may reduce your tax liability to $ 0, but the non-refundable tax credit that will be applied to your federal tax income return can only be used investing into an IRA, 403 (b), 457 and / or a 401 plan.

The amount that you get after subtracting the two will be the total tax liability to be paid by the employee.

A nonrefundable credit lets you reduce your tax liability to 0.

Not only would this help to reduce the tax liability to the trust, it may also benefit income beneficiaries who may need the income.

Many low - income families do not have sufficient income tax liability to claim all — or in some cases, any — of the education - related tax benefits.

Selecting investments that offer the most growth potential — while also keeping tax liability to a minimum — is a smart strategy.

If withdrawing from your investments creates a big tax liability to do a $ 10,000 roof repair for example and you would be better off having that income inclusion over two years, consider taking half in one year, the balance from your line of credit and then paying off the line of credit with another withdrawal in year two.

But, at least some of that deduction should offset income, reducing tax liability to potentially nothing.

You also must have a tax liability to use the credit.

Increases tax rates on self - employment income equal to the combined employee - employer rates and provides credits against tax liability to offset part of the increase.

However, this is not your expected refund or balance due, but how much you expect your full - year tax liability to be.

This is simply because some IRS credits are refundable, which means that taxpayers don't necessarily need a tax liability to qualify for a refund.

Taxpayer must incur federal tax liability to receive full benefit.

Corporations can allocate an amount equal to all or part of their state tax liability to a private scholarship - granting organization.

In July 2004, the state Revenue Department issued a Certificate of Tax Liability to Trinity Christian School's parent organization, Truth Outreach, Inc., for failure to pay withholding taxes to the state in the amount of $ 95,408 between 2001 and 2004.

Through the program, state residents, S - and C - corporations, LLCs, partnerships and trusts redirect a portion of their Georgia tax liability to a Student Scholarship Organization (SSO) in support of financial aid at independent schools of their choice.

Lexie's Law allows corporations to redirect their Arizona state tax liability to help fund scholarships specifically for children in Preschool — 12th grade with special needs, children in foster care or adopted from foster care.

We'll call this Option A. However, if John goes with Option B by making a $ 10,000 donation to a scholarship organization and taking a 100 percent credit, he will reduce his state tax liability to $ 0, and then he can deduct his donation from his federal taxable income.

From the many layers of tax liability to the multiple conflicts of interest produced by his increasing web of relationships ``?

Over at the Wall Street Journal, Kimberly Strassel compared an expanded child credit that could be applied to a parent's payroll tax liability to government subsidies to Solyndra.

The after - tax effect of the corporate alternative minimum tax change was to raise Walmart's Puerto Rican tax liability to over 90 % of its income.

Selecting investments that offer the most growth potential — while also keeping tax liability to a minimum — is a smart strategy.

In 2013, for example, the companies petitioned the IRS to restructure as a Real Estate Investment Trust (REIT), switching from their previous designations as class C corporations and effectively reducing their corporate tax liabilities to zero.

The initial exchange ratio of 0.2745 Disney shares for each 21st Century Fox share was set based on an estimate of such tax liabilities to be covered by an $ 8.5 billion cash dividend to 21st Century Fox from the company to be spun off.

A province could issue a bond that is used to extinguish Canadian dollar tax liabilities to the province.

This has been driven by several factors ranging from better fee structures to lower tax liabilities to bad press on actively managed mutual fund performance and other factors.

A piece of research by Fundstrat Global Advisers estimates that the crypto - fever pitch has resulted in US tax liabilities to the tune of $ 25 billion, which has placed some extra pressure on «hodlers» to sell off their assets.

There is a wide variety of legislations across different jurisdictions across the globe which could cause sales, income, payroll, capital gains or other form of tax liabilities to arise with Bitcoin.

Supporting senior executive team in managing ~ $ 275M in assets under management and analyzing tax liabilities to save clients upwards of $ 6M annually as a Junior Financial Analyst at UBS Securities.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thintax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thinTax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

So they too were allowed to incorporate for the liability coverage and lower tax rate.

The EU competition authority said in 2014 the Amazon subsidiary paid a tax deductible royalty to a Luxembourg - based limited liability partnership which was not subject to the country's tax regime.

If you remove the need to income split by taxing the family unit of those in married or living common - law relationships and then adopt a flat tax for everyone — say 20 % — there really is no need for small business to incorporate, except for perhaps liability issues.

This decision is crucial in terms of the tax consequences, the authority given to individuals associated with the company, and potential liability (that is, the financial responsibility) for each person connected with the business.

Liabilities now correspond to 4.8 times earnings before interest, taxes, depreciation and amortization, up from from 1.3 times two years ago.

The second category pertains to an innocent spouse (my flaky ex owes this, not me) or involves changes to your tax return creating a new liability as the result of an audit or other adjustments.

«There are strategies the company might use to make the S selection sooner without incurring a huge tax liability, but Jason and his father need help in exploring those options.