Sentences with phrase «tax purposes from»

The shortfall can be deducted for tax purposes from income from other sources, such as the wage or salary income of the investor.

Not exact matches

Based on these numbers, the insanely rich aren't using that many loopholes to shield income from taxes, since all the data is based on reported income for tax purposes.

ROBS allows you to roll over funds from an eligible retirement account for the purposes of purchasing a business — without triggering an early distribution or tax penalties.

By contrast, the U.K. has exempted bitcoin from value - added taxes, and says it should be considered a foreign currency for corporate tax purposes.

You can snag some great deals by taking advantage of credit card rewards, other loyalty programs, and deducting your trip from your taxes if your travel is for business purposes.

We estimate our actual current tax exposure together with assessing temporary differences arising from differing treatment of items recognized for financial reporting versus tax return purposes.

If we pay distributions on our common stock, those distributions generally will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles.

We calculate cash EBITDA for bonus plan purposes as cash flow from operations, adjusted to add back acquisition and sponsor - related costs, interest, taxes and certain one - time costs, such as executive severance.

As discussed above, notwithstanding receipt by HP Co. of a private letter ruling from the IRS and / or opinions of counsel and other external tax advisors, the IRS could assert that the distribution does not qualify for tax - free treatment for U.S. federal income tax purposes.

It is a condition to the distribution that HP Co. receive (i) a private letter ruling from the IRS and / or one or more opinions from its external tax advisors, in each case, satisfactory to HP Co.'s board of directors, regarding certain U.S. federal income tax matters relating to the separation and related transactions, and (ii) an opinion of each of Wachtell, Lipton, Rosen & Katz and Skadden, Arps, Slate, Meagher & Flom LLP, satisfactory to HP Co.'s board of directors, regarding the qualification of the distribution, together with certain related transactions, as a transaction that is generally tax - free, for U.S. federal income tax purposes, under Sections 355 and 368 (a)(1)(D) of the Code.

However, if we do make distributions on our Class A common stock, those payments will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles.

In all foreign countries except Canada, we operate through legal entities disregarded for U.S. income tax purposes, and are subject to income tax in both the local country and the U.S. Unremitted earnings from our Canadian subsidiary, which are intended to be permanently reinvested outside the U.S., are not material.

Our effective tax rate differs from statutory rates primarily due to our pass - through entity structure for U.S. income tax purposes, while being treated as taxable in certain states and various foreign countries as well as for certain subsidiaries.

In all foreign countries except Canada, we operate through legal entities disregarded for U.S. income tax purposes, and are subject to income tax in both the local country and the U.S. Unremitted earnings from our Canadian subsidiary, which we intend to permanently reinvest outside the U.S., are not material.

@Vince If you are French resident for tax purposes, I would have thought you would be liable for French income tax on all investment income, including dividends from UK investments.

As this results from a once - off tax policy change, the Bank will abstract from this direct effect of the GST for the purposes of assessing inflation outcomes relative to the target.

«So even LS40 dividends are treated for tax purpose similar to dividends from pure equity funds?

Taxes: Investors should note that even though the dividends are reinvested and that no cash from the dividends was paid to the investor, for federal income tax purposes, the investor will be treated as having received dividend income on the dividend payment date.

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 the purpose of evaluating Medicare tax exposure, it's important to know that «unearned» net investment income includes net rental income, dividends, taxable interest, net capital gains from the sale of investments (including second homes and rental properties), royalties, passive income from investments in which you do not actively participate (such as a partnership), and the taxable portion of nonqualified annuity payments.

There's no precise formula that will ensure you are considered a trader for tax purposes, but there are some general rules that can be developed from the cases.

• the Trust fails to qualify for treatment, or ceases to be treated, as a grantor trust for US federal income tax purposes, and the Trustee receives notice from the Sponsor that the Sponsor determines that, because of that tax treatment or change in tax treatment, termination of the Trust is advisable;

the Trust fails to qualify for treatment, or ceases to be treated, as a grantor trust for US federal income tax purposes, and the Trustee receives notice from the Sponsor that, because of that tax treatment or change in tax treatment, termination of the Trust is advisable;

Apart from the Financial Crimes Enforcement Network of the US Department of the Treasury («FinCEN»), major US regulators such as the US Commodity Futures Trading Commission («CFTC»), Internal Revenue Service («IRS») and SEC, have yet to make official pronouncements or adopt rules providing guidance with respect to the classification and treatment of Bitcoins and other Digital Math - Based Assets for purposes of commodities, tax and securities laws.

Please know that any distribution from your IRA account to a donor - advised fund is not a Qualified Charitable Distribution (QCD) for tax purposes.

Their time away from friends and family can be taxing, but they still find value and purpose in doing what they truly love.

Pretty strong language, but no stronger than the metaphor Daniel Mitchell of the Heritage Foundation used, in an op - ed article in The Washington Times, to «describe a bill designed to prevent corporations from rechartering abroad for tax purposes: Mitchell described this legislation as the «Dred Scott tax bill,» referring to the infamous 1857 Supreme Court ruling that required free states to return escaped slaves.

... Anyone who thinks marriage is something sacred needs to recognize that from the church's perspective all marriages granted by the state for tax and inheritance purposes are just civil unions by another name.

That was the dilemma after praying and seeking the Lord he shows me a couple of things one is God calls the shots not satan satans demons bow to Gods authority and must get his permission so they beg Jesus to send the demons into the pigs.Jesus allows it so we can see satans purpose is always to destroy life.God is still the same yesterday today and forever he is the giver of life.We do know that the pigs were owned by the gentile nations and may well have been offered or about to be offered to there gods which would mean they would belong to satan.Like the example Jesus said about taxes should he pay them and he said give to caesar what is caesars.Or the other option was that it showed Gods mercy to the man that had been healed by delivering him of the demons and he was also protecting the people in the area from the influence of the demons.So God is still the same he is unchangeable and definitely not bipolar.I would say if anyone was bipolar in this situation it is David and he like us struggled with the same choice to walk according to the flesh or walk according to the spirit of God.brentnz

If you are employed by a congregation for a salary, you are generally a common - law employee and income from the exercise of your ministry is considered wages for income tax purposes.

The park district is also seeking approval from its constituents to annex Plum Grove Estates, a subdivision surrounding the Plum Grove Club, into the district for taxing purposes.

A TIF allows property tax revenue from within the district to be diverted for economic development purposes.

The purpose of an inheritance tax is to prevent hereditary aristocracies from forming in the country.

We want it clear, not hidden and a rebalancing away from the deeply unpopular state sponsored multiculturalism which makes an assault on Englishness its avowed aim and taxes us for the purpose.

Nixon's campaign said her true income was about $ 1 million in 2017, noting that the overall figure of $ 1.5 million does not reflect some expenses incurred by Nixon's corporation, while it does include receipts from the sales of securities which are not classified as income for tax purposes.

«This is to prevent people benefiting from tax relief in relation to contributions made into self - directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family's personal use.»

«A circuit breaker is a different purpose, a legitimate purpose, but it is just different from a property tax cap across the board,» Cuomo told reporters this afternoon.

«Other groups were concerned, given past history, including Cuomo and Paterson taking $ 260 million from dedicated tax accounts and using them for other purposes,» said Russianoff, who also cited Albany's under - funding of student MetroCards.

A resolution of the County Legislature for any of the following specified purposes shall be submitted to the County Executive for his or her approval or veto in the same manner as provided in this charter for the adoption of ordinances: (a) an allocation from the budget contingency fund; (b) a supplemental or emergency appropriation; (c) the issuance of budget notes or notes in anticipation of the collection of taxes or revenues; and (d) the issuance of bonds, anticipation notes or capital notes.

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.

Since contributions would be both deductible and trigger the credit, the effective credit would be between 91 percent and 94 percent.31 This proposal provides relief from the SALT cap because the contribution can be deducted from income for federal tax purposes, just as the State and local tax was prior to TCJA.

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.

· some small employers have had permission to submit their RTI submissions late which means the figure HMRC have lifted from their records for tax credit purposes might not be the correct figure and you will need to check.

This is intended to be helpful but it is still very important that you check the income figure shown on the notice is correct for tax credit purposes and that may be different from the income figure provided through HMRC's RTI records.

Few of the people who currently earn large amounts from private equity are domiciled for tax purposes in the UK anyway.

But in countries like the US or France, there is no such population register or any obligation to register your place of residence with the authorities (apart from specific purposes like paying taxes) so if you want to vote, you have to register separately.

«The state will not be able to utilize tax revenue generated from it for other purposes.

The grim conclusion must be that Osborne hid this tax rise from the voters for electoral purposes.

The Treasury has traditionally been sceptical about hypothecation — the practice of earmarking the revenue from particular taxes for one purpose.

«We haven't gotten any definite statement from the IRS, but there is an argument that it's not really a charitable gift if you are doing it for the purpose of getting a tax deduction,» said Carol Kellerman of the Citizen's Budget Commission.