Sentences with phrase «tax purposes at»

The CCA allows the cost of eligible assets to be deducted for tax purposes at a rate of 50 per cent per year on a declining balance basis — which is faster than would be implied by the useful life of the assets.

Roth 401k contributions are treated the same as pre-tax 401k elective deferrals for all plan purposes, except that they are included in an employee's wages for tax purposes at the time of contribution (i.e., Roth 401k contributions are after - tax contributions, where pre-tax 401k contributions are deducted from income before payroll tax).

the TRIS ceases for income tax purposes at the start of that income year.

Not exact matches

The company didn't need to — its funds were stashed in subsidiaries incorporated in Ireland, but that, on paper at least, had no home country for tax purposes.

It arrived at the opinion that the arrangement with the office in Europe existed not for any bona fide business purpose, but rather was «a sham» intended to reduce its tax bill.

The ACCA allows manufacturing companies to depreciate, for tax purposes, the value of newly purchased equipment and machinery at the accelerated rate of 50 per cent per year, reducing their taxable income in the first few years of owning the asset.

A participant who is granted an ISO does not recognize taxable income at the time the ISO is granted or upon its exercise, but the excess of the aggregate fair market value of the shares acquired on the exercise date (ISO shares) over the aggregate exercise price paid by the participant is included in the participant's income for alternative minimum tax purposes.

In addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment, resulting in a gain or loss for tax purposes.

Funds taken out for other purposes, however, are taxed at a 110 % rate.

However, the amount by which the fair market value of the shares at the time of exercise exceeds the option price will be an «item of adjustment» for participant for purposes of the alternative minimum tax.

If you can demonstrate to the IRS that at least a portion of your home — whether you're a homeowner or renter — is used exclusively for business purposes, you're allowed to take a tax deduction for certain home expenses.

This hypothetical illustration assumes the investor met the holding requirement for long - term capital gains tax rates (longer than one year), the gains were taxed at the current maximum federal rate of 23.8 %, and the loss was not disallowed for tax purposes due to a wash sale, related party sale, or other reason.

Valuation — with regards to valuation of the company at $ 240 per share, this includes valuing the business at $ 216 per share (at 18x our FY 2016 earnings estimate of $ 12 per share) plus net cash per share of $ 24 ($ 150 billion of net cash less the tax effect on international cash for repatriation, which we estimate to ultimately be 6 %, and for simplicity purposes, apply to all cash on balance sheet rather than just the international cash).

The potential tax benefits from investing in MLPs depend on their being treated as partnerships for federal income tax purposes and, if the MLP is deemed to be a corporation, then its income would be subject to federal taxation at the entity level, reducing the amount of cash available for distribution to the fund which could result in a reduction of the fund's value.

For federal income tax purposes, fund distributions of long - term capital gains are generally taxable at reduced long - term capital gain rates.

«Apple has sought the holy grail of tax avoidance: offshore corporations that it argues are not, for tax purposes, resident anywhere in any nation,» then - Senator Carl Levin, Democrat of Michigan, who was the subcommittee chairman, said at the 2013 hearing.

«Cryptocurrency accounting and reporting for tax purposes is a major concern in the industry at the moment.

Although the company would only formally value the common stock at that price once it completes a so - called 409a valuation — which sometimes happens shortly after an acquisition like this, in part for tax purposes — this offer is almost certain to affect the so - called fair market value of the company in its next 409a review.

The purpose of a tax - deferred annuity, unlike an immediate annuity, is to build funds to create an income stream at a later date.

In contrast, if they owned taxable mutual funds or other securities, the heirs would not have to pay taxes on the $ 75,000 in gains because taxable mutual funds enjoy a «stepped - up» basis at death for tax purposes, Trust Point noted.

Many who took Canada up on the offer bought expensive real estate in Vancouver, parked their families there and paid little or no income tax because they continued to work and, ostensibly, reside overseas (at least for tax purposes).

The Christian Right wants public money to be used for private religious education (vouchers), buildings and services to be used for private religious purposes (this article), and they want subsidies in the form of tax breaks, special exemptions of other sorts, and they even want to destroy Aid to Needy Families so they can drive people into seeking help at their private religious «missions» where you are not allowed to eat unless you are a Christian, and so on.

In Tax for the Common Good, theologians and other authors look at what lessons the Bible may hold about matters such as the purpose of tax, how governments should apply it, how companies and individuals should pay it and what they should expect of governments in retuTax for the Common Good, theologians and other authors look at what lessons the Bible may hold about matters such as the purpose of tax, how governments should apply it, how companies and individuals should pay it and what they should expect of governments in retutax, how governments should apply it, how companies and individuals should pay it and what they should expect of governments in return.

And charity for tax purposes is not charity at all.

The census that Joseph and Mary went to... NEVER took place, and the Romans were surprisingly good at keeping records, especially for tax purposes, which is what census taking was really for back then.

(Onlyin California have country clubs gotten a break on real estate taxes: a yearago voters approved an amendment to assess club land at the rate specified forrecreational purposes rather than at building value.)

Meanwhile, of course, the same process is going on at progressively different stages on each of the other two sides of the rotor — a circumstance that has led shrewd German tax assessors to classify the Wankel as a «three - cylinder engine» although its German manufacturers stoutly insist — for tax purposes — that it is only a «one - cylinder engine.»

The Cherokee County School Board on Thursday, April 21, 2016 took its first look at tentative plans for Cherokee County School District construction projects and other Education SPLOST (Special Purpose Local Option Sales Tax) expenses for the next five years.

James Madison advocated for the ratification of the Constitution in The Federalist and at the Virginia ratifying convention upon a narrow construction of the clause, asserting that spending must be at least tangentially tied to one of the other specifically enumerated powers, such as regulating interstate or foreign commerce, or providing for the military, as the General Welfare Clause is not a specific grant of power, but a statement of purpose qualifying the power to tax.

She said she didn't want to draw the attention away from the discussion on tax reform, her purpose for a stop at Suit - Kote Corporation.

The Chartered Institute of Taxation (CIOT) welcomes today's announcement by the Financial Secretary to the Treasury, Mel Stride MP, that mandation of digital record keeping and quarterly reporting by small businesses and landlords for income tax purposes will be deferred until at least April 2020.

The Government announced today that... · only businesses with a turnover above the VAT threshold (currently # 85,000) will have to keep digital records and only for VAT purposes · they will only need to do so from 2019 · businesses will not be asked to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020 Making Tax Digital will be available on a voluntary basis for the smallest businesses, and for other taxes.

The Government hailed it as «the UK's first tax with an explicit environmental purpose», but cut employers» National Insurance contributions rate at the same time in order to soften the impact on business.

According to the Times newspaper, Lord Jones is unhappy at changes to capital gains tax and legislation for «non-doms» - UK residents who are nondomiciled for tax purposes - believes his role would be more suited to a businessmen, rather than a politician.

THE ELIZABETHTOWN - LEWIS CENTRAL SCHOOL BUDGET HEARING, BUDGET VOTE & BOARD MEMBER ELECTIONNotice is hereby given that a Budget Hearing of the inhabitants of the Elizabethtown - Lewis Central School District, Essex County, New York, qualified to vote at school meetings in the District will be held at the school on Tuesday May 8th, 2018 at 7:30 p.m. for the purpose of hearing the report of the meeting.Notice is also hereby given that the vote on adoption of the budget for 2018/2019 school year and a levying a tax on taxable property of the District will take place on Tuesday May 15th, 2018, between the hours of 12:00 noon and 8:00 p.m.Notice is further given that a copy of the statement of an amount of money which will be required during the ensuing year for school purposes, exclusive of public monies may be obtained by a resident or taxpayer in the District during the fourteen days immediately preceding the Budget Vote / Election except Saturday, Sunday and holidays, at the District Office during the hours for 8:00 a.m. to 4:00 p.m. (DST).

As this increase solely reflects growth in the tax base, the County property tax rate for Library purposes (average full market value property tax rate) would remain unchanged at $ 0.47 per $ 1,000.

The governor - elect was HUD secretary when the Rudy's City Hall got HUD to go along with the artful manipulation of the Dayton Seaside property taxes to create illusion of vast arrears for purpose of forcing new owners at these three Rockaway apartment buildings.

Save receipts, note the names of guests at meals or events, and make sure to clearly state the business purpose of the expense, and be sure to double - check assumptions with your paid tax preparer informed.

In FD the tax is deducted every year, however for simplicity purposes we will deduct tax at the end of 3 year period only.

Upon written request, copies of sales drafts and other documentary evidence of transactions made with your Card are available for income tax and other purposes at a reasonable cost.

Normally for tax purposes when property is transferred from one person to another it is done at fair market value when the transfer is made.

But DOMA reaches beyond just taxes; it impacts everything at the federal level because for all federal purposes, same - sex married couples are considered legal strangers.

For purposes of tax - free scholarships and fellowships, these are expenses for: • Tuition and fees required to enroll at or attend an eligible educational institution.

It is often attributed to the turn of the tax calendar; investors sell off stocks at year's end to cash in gains and sell losing stocks to offset their gains for tax purposes.

A sale of property to a family member or someone who you are not dealing with at «arm's length» generally takes place — for tax purposes — at fair market value.

Future growth in the shares would be taxable to the grandchildren, with the grandchild's adjusted cost base for tax purposes being the fair market value at the time of transfer.

«You have one principal residence exemption for tax purposes that you can use either for your cottage or your home,» explains Deb MacPherson, a partner at KPMG Enterprise.

For federal income tax purposes, fund distributions of long - term capital gains are generally taxable at reduced long - term capital gain rates.

Most types of income are taxed at ordinary tax rates for federal and state purposes but are not subject to FICA taxes.

If an employee is entitled at the end of the year to receive an amount in a future year and one of the main purposes for this arrangement is to defer or postpone taxation, the amount will be taxed as a benefit to the employee in the current year.