Sentences with phrase «taxes against any loan amount»

In the event your policy lapses, you will be required to pay income taxes against any loan amount that exceeds the sum of the cash value and the amount of premiums that you paid.

Not exact matches

If someone has a loan out against their policy and is handed a pink slip they often have only two months to repay the loan amount in full or they must pay taxes on the withdrawn amount even though they intended it to be a loan, not a withdrawal.

«The Republican tax proposal makes sensible reforms in lowering the amount of a mortgage against which the MID can be claimed to $ 500,000 for new - home loans and doubling the standard deduction.

Anticipated costs of selling include the mortgage pay - off amount, any early pay - off penalty, the real estate broker's fee, other loans against the property (perhaps for a pool or room addition), the price of inspections, taxes, and other seller's costs.

The Bureau's proposed § 1026.37 (g)(1) would have required the disclosure of taxes and other government fees for recording of documents and transfer taxes assessed against the purchase price of a real estate contract or the loan amount under the subheading «Taxes and Other Government Fees.&rtaxes and other government fees for recording of documents and transfer taxes assessed against the purchase price of a real estate contract or the loan amount under the subheading «Taxes and Other Government Fees.&rtaxes assessed against the purchase price of a real estate contract or the loan amount under the subheading «Taxes and Other Government Fees.&rTaxes and Other Government Fees.»