Sentences with phrase «under the tax law»

A mutual fund is an investment company that qualifies for special treatment under the tax law.

Furthermore, those purchase assets should not have received any tax benefit, such as depreciation, amortization, deduction or another valuation adjustment provided under the tax laws.

The returns of various asset classes — such as bonds, Canadian stocks, and foreign stocks — are treated differently under tax law.

Essentially, owning and renting a home would be treated the same under the tax law for most people.

The chief advantage of the S corporation is its treatment under the tax law, particularly if the company routinely pays high dividends.

The upshot: Under the tax law through 2017, if you're married filing jointly and you paid $ 15,000 in mortgage interest and property taxes in 2017, you would itemize those deductions because they exceed the standard deduction of $ 12,700.

The IRS allows you to amend most items on your original tax return, but the changes you make must be permissible under the tax law that applies to the year you are amending.

Although the Daniels case doesn't pertain to sexual harassment, business owners should be aware of a new provision under the tax law that limits firms» ability to deduct settlements related to sexual harassment or abuse.

Make smart tax elections Under the tax law, most expenses incurred in business are deductible, while most income is taxable (there are, of course, some exceptions).

That enormous house your bishop lives in gets called «charity» because religions have charitable status under tax laws.

He said SUNY Polytechnic had to use a nonprofit under tax law to purchase land.

Expenses for teeth whitening treatments either from a professional or through an over the counter alternative does not count under the tax law.

On other issues: Both Democrats support the federal Employment Non-Discrimination Act (ENDA), hate crimes legislation, coverage for domestic partners under the Family and Medical Leave Act, equal treatment of gay couples under tax laws, and repeal of the military's «Don't Ask, Don't Tell» policy.

In order to pick out the right ITR form, you need to know the tax slab, which is applicable depending on the salary break - up or the income types specified under the tax laws.

«(B) such related party is allowed a deduction with respect to such amount under the tax law of such country.

The Croatian Bitcoin Portal writes that the members of the Tax Administration showed a willingness to openly engage with finding solutions to issues that fall under tax law.

If you are among the millions of Americans occupying and operating home office space, you have a lot of legitimate and rightful opportunities under the tax law to minimize your out - of - pocket costs through deductions.

The upshot: Under the tax law through 2017, if you're married filing jointly and you paid $ 15,000 in mortgage interest and property taxes in 2017, you would itemize those deductions because they exceed the standard deduction of $ 12,700.

This is a move called recharacterization which is permissible under tax laws.

Although many charities are adopting a wait - and - see attitude about tax reform, others have already lined up against the tax reform bills and are initiating efforts to mobilize opposition, within the boundaries allowed for «lobbying» under the tax law.

Tax deductions will be allowed, where permissible, under our tax laws.

Under tax laws a family unit can designate only one property as their primary residence — and a family unit includes spouses and all dependent children.

Under the tax laws, interest paid on money borrowed to generate income is tax - deductible.

While the government is, for the most part, treated as another creditor in consumer debt solutions, such as a consumer proposal or personal bankruptcy, CRA does have additional collection powers, granted to it under our tax laws.

Under the tax law, you can't prepay state or local income tax, so everyone rushing to city hall in the next few days is mostly focusing on their real estate taxes, Pickering said.

Under tax laws, you must have receipts or other physical proof of a purchase in order to deduct business expenses.

The upshot: Under the tax law through 2017, if you're married filing jointly and you paid $ 15,000 in mortgage interest and property taxes in 2017, you would itemize those deductions because they exceed the standard deduction of $ 12,700.