Sentences with phrase «than fair market value»

To the extent the stock option is exercised and the exercise price is less than the fair market value of the share at the time of exercise, the employee realizes an employment benefit.

Whatever the case may be, a Canadian reverse mortgage lender will guarantee that a loan will never be more than the fair market value of a home in question.

A deficiency occurs when the difference between what you owe on your mortgage is more than the fair market value at the time your property is sold.

Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.

Generally, if the cost to repair your vehicle is higher than the fair market value of the vehicle, the company will declare it a total loss.

However, the assigned collateral value is normally closer to the «fire - sale» value rather than fair market value.

If you owe more on your car than its fair market value and are concerned about the possibility of an accident, opt for gap insurance.

If you pay less in premiums than this fair market value, the difference is considered as part of your income and you would pay taxes on it.

This is the case even if you legally sell it for less than the fair market value, as was the case with your sister.

The appraised value of a collection can sometimes be two to three times more than the fair market value.

Lender will do their best to get the highest price possible for the house although the house may sell for less than fair market value due to its condition or other factors in the housing market.

Tax Collection: The Risk of Less Than Fair Market Value Property Transfers reviews one of CRA's most powerful collection tools in the federal Income Tax Act and the federal Excise Tax Act.

(The property is «underwater» because more money is owed on the home than its fair market value, the sales price, or the foreclosure sale amount.)

Other home owners have mortgages that are much, much larger than the fair market value of their homes and they are wondering about the wisdom of defaulting on their loans.

Whole life insurance also has a surrender value significantly lower than its fair market value.

If they have an outstanding first mortgage with a balance greater than fair market value, it is now «satisfied» by the condo termination OR if they live in their units, they get back what they originally paid or fair market value (which ever is higher).

Under the 1996 Plan 30,000 fully vested stock options remain outstanding and unexercised, all at exercise prices higher than the fair market value of the common stock at June 30, 2009.

Mantello said the 2009 Public Authorities Reform Act prohibits the Canal Corp. from selling public land for less than fair market value for any development other than a park or public access.

You and your estate will never owe more than the fair market value of the home as determined by a licensed FHA - certified appraiser when the reverse mortgage loan becomes due and payable.

A stock appreciation right entitles a participant to receive a payment, in cash, common stock, or a combination of both, in an amount equal to the difference between the fair market value of the stock at the time of exercise and the exercise price of the award, which may not be lower than the fair market value of the Company's common stock on the day of grant.

If the loan is for more than the fair market value of your home (i.e., if your mortgage is underwater), then the loan amount that is over the fair market value counts as a liability under the net worth test.

If the firm gave the data or sold it at less than fair market value, the transaction would amount to a campaign contribution — a twofer violation of the law, which bars corporations and foreign nationals from contributing.

The complaint from state Attorney General Andrew Cuomo's office alleges that Cappuccilli exploited his position by hosting weddings for two daughters at the fairgrounds for substantially less than the fair market value.

FSMC documents acknowledge that the lease is for «less than fair market value,» but that «there is no reasonable alternative to the proposed below market transfer that would achieve the same purpose.»

«I am unable to find the board's sale of Colton for $ 6.6 million was for less than fair market value or was otherwise improper and, consequently, am unable to overturn it,» King stated in a memo sent to the district that explained his response to each side's various arguments.

Insolvency is when your total debts are more than the fair market value of your total assets.

You are insolvent when your total debts are more than the fair market value of your total assets.

Further, if the full value of consideration on transfer is less than the fair market value, then such full value of consideration or the actual cost, whichever is higher, will be deemed to be the cost of acquisition.

However, if the actual cost is less than the fair market value of such asset as on 31st of January, 2018, the fair market value will be deemed to be the cost of acquisition.

Once we get the amount your car is worth, Utah prohibits title loan companies from lending you more than the fair market value of your car.

Mortgage insurance also ensures that neither the borrower nor his or her heirs will owe more than the fair market value of the home, as determined by a licensed FHA - certified appraiser, when it's sold to pay back the loan.

Therefore, when the last homeowner dies (and the reverse mortgage is due), the estate will never be responsible for paying back more than the fair market value of the home.

Generally you have compensation income if the amount you pay for the stock is less than its Fair Market Value.

Insolvency is the amount by which all of your liabilities are more than the fair market value (FMV) of all your assets.

Plaintiffs in all cases allege that certain of the Company's current or former officers and directors caused it to grant options at less than fair market value, contrary to its public statements (including its financial statements); and that as a result those officers and directors are liable to the Company.

Plaintiffs in all cases allege that certain of our current or former officers and directors caused it to grant options at less than fair market value, contrary to our public statements (including our financial statements); and that as a result those officers and directors are liable to us.