Sentences with phrase «tax purposes requires»

Not exact matches

When the government required electronic invoicing for tax purposes in June 2010, Avon's computer systems, already nearing capacity, were further strained.

In consultation with senior management, oversee regulatory compliance with respect to compensation matters, including overseeing the Company's policies on structuring compensation programs to preserve tax deductibility, and, as and when required, establishing performance goals and certifying that performance goals have been attained for purposes of Section 162 (m) of the Internal Revenue Code.

In addition, NFPs are in danger of losing their tax - exempt status if they are too financially successful and their accumulated profits go beyond what the CRA believes is required to operate the NFP or if such accumulated profits are for the purpose of funding future capital projects.

Starting any type of home business requires keeping accurate records for tax purposes.

SARS goes on to state that due to the increased attention and speculation regarding the future of cryptocurrencies it is required to provide direction as to how South Africa treats the market for tax purposes.

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.

«This bill requires that funds raised by taxes for the express purpose of funding the MTA or its subsidiaries be used for their intended purpose.

Current law requires NY fuel distributors to pay fuel taxes on all fuel up front and apply for a refund when they subsequently sell the product for an exempt purpose.

HMRC say that the current VAT penalty regime (which identifies careless or deliberate errors) requires HMRC to specify whether they are alleging one or the other of actual and constructive knowledge for the purposes of the penalty, whereas they do not need to make this distinction for the legal test in respect of the tax itself.

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).

A more likely scenario could be an effort to reform the tax code to offer tax credits for donations to organizations that provide scholarships to low - income students — an approach that could serve much the same purpose as school vouchers but would not require the creation of a new direct - spending program.

Further, as input taxed sales are not included in the calculation of turnover for registration purposes, choosing to treat all sales of food as input taxed may mean that the organisation doesn't have to register for GST or could advise the ATO that it is no longer required to be registered.

Tier I covers the foundation, requiring a minimum tax rate of 1 percent (or a «compressed» tax rate * if it is lower) and the money goes towards basic education purposes, supplemental programs and transportation.

Harlequin required the authors to enter into those agreements with a Swiss entity that it created for tax purposes, and that it dominates and controls.

In certain circumstances, the U.S. Internal Revenue Code requires that individual income taxpayers report the refund of excess state or local income tax payments received by the taxpayer as income for federal income tax purposes.

For tax purposes, your child would be treated as self - employed, meaning that they would be required to file a tax return and pay a 15.3 % self - employment tax when income exceeds just $ 400.

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.

A CA certificate is required detailing the purpose and that tax is paid on the funds, talk to your bank and it should be easy.

For tax - exempt municipal OID bonds, this income is not subject to the ordinary income tax, although it is required to be reported for informational purposes in the same manner as other tax - exempt bond interest.

This calculation is an estimate for informational purposes only, and does not include CMHC Insurance Premiums, applicable sales taxes, closing costs, or other fees that may be required.

This calculation is an estimation for informational purposes only, and does not include surcharges, applicable sales taxes, closing costs, or other fees that may be required.

An employee working in the state is not required to file a separate W - 4 for state tax withholding purposes, unless the employee claims a smaller number of exemptions from those claimed for federal tax withholding purposes.

However, you will be required to repay 15 per cent of the amount by which your net income for tax purposes — including your OAS pension — exceeds $ 66,733.

At age 60 with low income an HSA serves little purpose because the tax savings is so marginal and an HDHP is required.

Some states require you to register or designate your homestead for tax purposes.

She might lose money on the new purchase, but still be required to report a gain for tax purposes when she backs out of it.

The IRS requires that a letter, called a Crummy Letter, is to be provided to each beneficiary of the ILIT every year in order to make the trust compliant for tax purposes.

If you use your property as a rental property or as a home office or other business purposes, you will be required to itemize your tax return to claim your deduction.

You may invest additional amounts in HDFC mid-cap itself & Franklin Tax shield (for tax saving purpose also, if requireTax shield (for tax saving purpose also, if requiretax saving purpose also, if required).

If the seller is a resident of Maine at the time of the sale, if the consideration is less than $ 50,000 (see note below) or if the capital gain is not recognized for federal or Maine income tax purposes, withholding is not required.

This document contains final regulations that provide transition rules providing that executors and other persons required to file or furnish a statement under section 6035 (a)(1) or (2) regarding the value of property included in a decedent's gross estate for federal estate tax purposes before June 30, 2016, need not have done so until June 30, 2016.

All public companies, including REITs, are required early in the year to provide shareholders with information clarifying how the prior year's dividends should be allocated for tax purposes.

Under the terms of the Advisory Agreement, each Fund is responsible for the payment of the following expenses among others: (a) the fees payable to the Adviser, (b) the fees and expenses of Trustees who are not affiliated persons of the Adviser or Distributor (as defined under the section entitled («The Distributor»)(c) the fees and certain expenses of the Custodian (as defined under the section entitled «Custodian») and Transfer and Dividend Disbursing Agent (as defined under the section entitled «Transfer Agent»), including the cost of maintaining certain required records of the Fund and of pricing the Fund's shares, (d) the charges and expenses of legal counsel and independent accountants for the Fund, (e) brokerage commissions and any issue or transfer taxes chargeable to the Fund in connection with its securities transactions, (f) all taxes and corporate fees payable by the Fund to governmental agencies, (g) the fees of any trade association of which the Fund may be a member, (h) the cost of fidelity and liability insurance, (i) the fees and expenses involved in registering and maintaining registration of the Fund and of shares with the SEC, qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and prospectuses for such purposes, (j) all expenses of shareholders and Trustees» meetings (including travel expenses of trustees and officers of the Trust who are not directors,

Such adjustments are required only if the shareholder invests in a bank that (1) is subject to the Virginia Bank Franchise Tax for state tax purposes (VTax for state tax purposes (Vtax purposes (Va..

Interest earned on EE bonds with January 1, 1990, and later issue dates may qualify for exclusion from income for Federal income tax purposes if the owner pays his or her tuition and required fees or those of his or her spouse or legally dependent children at colleges, universities, and qualified technical schools during the year eligible bonds are redeemed.

For the purposes of qualifying for the Premium Tax Credit, it is your modified adjusted gross income (AGI) plus the AGI of every other individual in your family who can claim a personal exemption and is required to file a tax retuTax Credit, it is your modified adjusted gross income (AGI) plus the AGI of every other individual in your family who can claim a personal exemption and is required to file a tax retutax return.

However, this approach requires filing a gift tax return and, if the contributor dies before the end of the five - year period, the portion of the contribution allocable to the remaining years in the five - year period will be included in the contributor's gross estate for federal estate tax purposes.

The fund is required for federal income tax purposes to mark - to - market and recognize as income for each taxable year its net unrealized gains and losses on certain futures contracts as of the end of the year as well as those actually realized during the year.

Each fund is required for federal income tax purposes to mark - to - market and recognize as income for each taxable year its net unrealized gains and losses on certain futures contracts as of the end of the year as well as those actually realized during the year.

For sales tax purposes, nexus requires physical presence.

Saatchi sounded good at an uncomplicated 30 % commission, but it has oceans of mediocre work and would require me to submit copies of my driver's license and passport for intrusive tax compliance purposes.

Now I read that even if a piece is sold, the artist: 1) Isn't informed about shipping addresses; 2) Isn't assured that they have or will be paid; 3) Is responsible for paying the buyer's sales tax bill; 4) Presumably is required to forward sales tax funds to the buyer's state department of revenue; 5) Has money / time invested in shipping a parcel to a potential buyer who may or may not return the art a week later (like a toaster oven); 6) Has language like the following within their user agreement: royalty - free, sub-licensable through multiple tiers, perpetual, irrevocable, worldwide right and license to use, reproduce, distribute, modify, translate, create derivative works from, publish, publicly perform and publicly display such User Content and any names, likenesses or trademarks depicted in such User Content, in any media now known or later developed, only for the purposes of developing, promoting and providing the Site.»

These foundations are usually fronted by another NGO «funding organisation» to provide a degree of legal separation required under US law (and sometimes for tax purposes).

The trust could do worse than start here - where the BBC refused to disclose how much US tax it paid, because - you've guessed it - the information is required «for the purposes of journalism».

Even if you no longer need records for tax purposes, you may still decide to keep them, as other organizations may require them.

For income tax purposes, you are generally considered separated when you start living separate and apart from your spouse because of a breakdown in the relationship for a period of at least 90 days, assuming you have not reconciled.If a parent is required to make child support payments in relation to a specific dependent, they are not eligible to claim that dependent.

If you want your business to be treated as a separate entity for tax purposes, your state may also require that you include that information on the form.

(7.1) For greater clarity in interpreting this section, the Minister of Finance may make regulations to prescribe for a year before 2005 tax rates for school purposes in order to reduce the weighted average tax rate for school purposes for the commercial classes or the industrial classes below the maximum tax rate otherwise required under subsection (5).

(5) If, under the Income Tax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatiTax Act (Canada) or legislation of another jurisdiction that imposes a tax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislatitax calculated by reference to income, a person is required to report the amount of his or her income, the person's income before an accident shall be determined for the purposes of this Part without reference to any income the person has failed to report contrary to that Act or legislation.

This time around, Tessmer claimed the purpose of the GST legislation was unconstitutional because of the inconsistency between the government's dual roles as prosecutor and tax collector on the services required to defend that prosecution.