Sentences with phrase «value as taxpayers»

Not exact matches

Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.

Many preferences in the tax code phase out for high - income taxpayers — their value falls as income rises.

Taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.

A taxpayer who receives virtual currency as payment for goods or services must, in computing gross income, include the fair market value of the virtual currency, measured in U.S. dollars, as of the date that the virtual currency was received.

The INVEST visa would have changed the outcome for the engineer I was working with, and new merit - based green cards and STEM visas will help me add value to my team, so I can add value to American taxpayers, and eventually the economy as a whole.

However, if the ordinary shares or ADSs are treated as traded on an «established securities market» and you are either a cash basis taxpayer or an accrual basis taxpayer that has made a special election (which must be applied consistently from year to year and can not be changed without the consent of the IRS), you will determine the U.S. dollar value of the amount realized in a non U.S. dollar currency by translating the amount received at the spot rate of exchange on the settlement date of the sale.

Way back in 2014, the IRS explained that virtual currency ought to be treated as property, and advised taxpayers that the receipt of virtual currency in exchange for goods or services should be computed in gross income at «fair market value.»

To ensure irreversibility, we are implementing the following measures to tackle some of the long - term structural issues: a. capping of the statutory funds at 25 percent of government tax revenues b. operationalization of the Treasury Single Account (TSA) to consolidate all government funds at the Bank of Ghana c. tightening of expenditure controls in GIFMIS to minimize inefficiencies and budget overruns d. strict enforcement of the PFM Act, as well as the Public Procurement Act, to ensure efficiency in public procurement, and e. adoption of the competitive tender process, which is eliminating wastage and giving Ghanaian taxpayers real value for their money.

Taxpayers will not tolerate politics as usual when the value of their homes is being reduced and their taxes are being increased.

But when we read in the past about enormous executive bonuses at firms even as they were relying on assistance from taxpayers, it offended our fundamental values.

As a result, New York taxpayers won't get maximum value for their construction dollars, and thousands of non-union workers will be unfairly shut out of the competition for government contracts to build, overhaul and expand bridges, highways and other critical infrastructure.

«The industry is working together to continue cutting costs as a way to help limit future fare rises and offer better value for money for taxpayers over the longer term.»

So the programme as a whole has further to go before it achieves the intended value for money for the taxpayer.»

That is why, in order to drive up performance, help as many people into work as possible, and give the best value to the taxpayer, from August this year we began referring more claimants to the better - performing providers.»

Continue reading «Stephen Crabb MP: British international aid ensures value for taxpayers, as well as for recipient countries»»

«As an educator, a community activist, a future political leader and a concerned parent, I will use the best management practices and advances in technology to offer maximum taxpayer value and satisfaction,» he wrote.

PFI deals have been universally criticised as horrendous value for taxpayers, likened to «paying for a hospital on your credit card» by BBC Panorama.

Milwaukee's share was approximately $ 3.1 million (proportional to their share of statewide property values), leaving $ 47.6 million as the net benefit to property taxpayers outside of Milwaukee, depicted by the light bar in Figure 4.

• The Business, Innovation and Skills (BIS) Select Committee in the House of Commons should monitor and report on higher education funding and provision each year, assessing the impact of changes on disadvantaged students, as well as mature and part - timers; • Better co-ordination between higher education ministers from England, Scotland, Wales and Northern Ireland to rationalise student funding policies across the UK; • An investigation by the Office for Budget Responsibility (OBR) into the impact of the latest changes to grants and loans, to ensure value for money for students and taxpayers; • Stronger evaluation of university spending of # 750m a year on outreach and access programmes to maximise their impact.

Here are a few examples: the for - profit company will install their own handpicked boards that in turn hire the company for «management,» and these fees routinely cost up to 15 % of the school's FTE; the for - profit company will demand that parents purchase supplies directly from the school itself, which is often another LLC that charges exorbitant rates for the basics; in many cases, the biggest part of the scam is one LLC (e.g. Red Apple Development, the construction arm of Charter Schools USA) will purchase land to build the school on and then turn around and charge the school (read: taxpayers) rent that is substantially higher than the going rate / property value, sometimes as high as a million dollars a year.

As I have stated before, it is time for all Indiana public school systems to stand up and share with local taxpayers the real value of where their tax dollars should be going, and that is into INDIANA PUBLIC SCHOOLS!

«best value for the taxpayer» — such as spending # 11,490,000 on a building which used to house the Penn School, a residential school for children with special needs, in High Wycombe.

As the government pushes to open 500 more free schools during this parliament, it has announced a new group who will «quickly» find sites for new schools at the «best value» for the taxpayer.

Moreover, as with defending job security as a cheaper way to attract decent teachers, defined - benefit pension plans have big downsides with hidden costs: They make it unappealing for a talented person to work as a teacher for just part of a career, make it hard for teachers to move around, offer huge bonuses to older teachers who don't add any special value, etc. (And this is all viewing education in isolation — committing future taxpayers to pay for pensions teachers are earning now is going to mean spending less on other priorities in the future.

The effect of this rule is that a taxpayer who purchases a tax - exempt bond subsequent to its original issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined since the bond was issued, and who thereafter recognizes gain on the disposition of such bond will have part or all of the «gain» treated as ordinary income.

Unlike equity - based options, each 1256 option contract held by a taxpayer at the end of the year is treated as if it were sold for its fair market value or mark - to - market (MTM) on the last business day of the year, and gains or losses are treated as either short - term or long - term capital gains.

If the property contributed as a conservation easement is not a capital asset and gives rise to ordinary income, the taxpayer can take a deduction equal to the fair market value (FMV) of the property less any gain that would not have been long - term capital gain if the property had been sold at the time of the conservation easement contribution.

A-8: Yes, when a taxpayer successfully «mines» virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.

So what that money represents is just part of the difference between the value for money which the taxpayer would have got had it been publicly financed and the value for money that we are getting as a result of the private financing.

A new taxpayer - funded NASA / Penn State «scientific» study warns that «ecosystem - valuing universalist» (really «green») aliens might realize that we have been altering «the chemical composition of Earth's atmosphere,» conclude that we have «ecological destructive tendencies,» and «wipe humanity out in order to preserve the Earth system as a whole.»

The bureaucrats sell their role as ensuring that taxpayers get value for money from the science they fund, when in fact their role is to expand their role and push their own agendas (preferably via innumerable conferences in nice locations).

First, a switch to palm oil would be extremely expensive, costing an additional 16.5 million pounds (US$ 21.4 million) over the next decade, which is not seen as achieving «value for money for taxpayers,» who would bear the burden of the expense.

As Steven Chung points out, there is an insolvency exception where if the taxpayer can show that his liabilities exceeded the value of his assets immediately prior to the forgiveness, then the cancellation of debt income as a result of loan forgiveness will not be taxablAs Steven Chung points out, there is an insolvency exception where if the taxpayer can show that his liabilities exceeded the value of his assets immediately prior to the forgiveness, then the cancellation of debt income as a result of loan forgiveness will not be taxablas a result of loan forgiveness will not be taxable.

Justice minister Jonathan Djanogly said: «These reforms will ensure that we have a legal aid system which is targeted at those who need it most, in the most serious cases, as well as providing value for money to the taxpayer.»

In those circumstances, the Minister of Finance may determine the FMV of the value of the land as a whole and collect the land transfer tax on that basis and provide a notice of assessment to the taxpayer (land transfer tax is payable by the party who registers the transfer, i.e., the transferee).

The taxpayer argued that the London Pass (giving access, as it did, to 55 different attractions) could be regarded as if it were 55 individual passes, each having a face value equal to the normal gate price of the particular attraction to which it related, and each being valid only for between one and six days corresponding to the period of validity of the actual pass purchased by a customer.

Despite its mootness, the Province advances the argument that the Court of Appeal should consider the issues on appeal so as to address the precedential value of the Chambers Judge's order and since other taxpayers will likely pursue the same interim remedy.

That may sound like bad news for taxpayers, but the high value of property and above - average income means that the state can collect a decent amount of money from property taxes while keeping the actual tax, which is a percentage of property value, fairly low — as of 2015 it had the sixth - lowest property tax rate in the country.

When a taxpayer successfully mines virtual currency, the fair market value of the virtual currency generated as of the date of receipt is includable in gross income.

Must a taxpayer who receives virtual currency as payment for goods or services include in computing gross income the fair market value of the virtual currency?

For instance ``... a taxpayer accepting virtual currency in a retail sale transaction must convert the value of the virtual currency to USD as of the day and the exact time of the transaction.»

A-4: The basis of virtual currency that a taxpayer receives as payment for goods or servicesin Q&A -3 is the fair market value of the virtual currency in U.S. dollars as of the date of receipt.

Q - 3: Must a taxpayer who receives virtual currency as payment for goods or services include in computing gross income the fair market value of the virtual currency?

A-8: Yes, when a taxpayer successfully «mines» virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.

Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.

A taxpayer who receives virtual currency as payment for goods or services must, in computing gross income, include the fair market value of the virtual currency, measured in U.S. dollars, as of the date that the virtual currency was received.

As part of its budgets for the past several years, the Obama Administration has proposed reducing the value of all itemized deductions (including the state and local tax deductions) for upper income taxpayers.

REALTORS ® believe the best opportunity to reduce costs to taxpayers and assist in the stabilization of housing values and neighborhoods is to respond more effectively to, and provide more resources for, pre-foreclosure efforts such as loan modifications and short sales.

Unfortunately «ridiculous» also describes CREA trying to fight a legal battle against an opponent with bottomless pockets especially when those opponents» pockets are our own as taxpayers CREA, the provincial organizations, and now it seems the boards appear to be more interested in finding new ways to extract funds from REALTORS ® as our membership shrinks, with the goal of self preservation rather than providing value and constraint instep with the financial challenges the average agent faces in today's markets.

On the other hand, younger and (generally) poorer taxpayers gain the benefit of the increased standard deduction, and they may reap some additional advantage in purchasing their first homes as home values decrease to the detriment of the middle class homeowners.