Sentences with phrase «year tax liability»

This doesn't impact the actual cash flow of the asset, but it does reduce your current - year tax liability.

110 % of your prior - year tax liability if your adjusted gross income (AGI) last year was more than $ 150,000 or $ 75,000 if you and your spouse file separately.

You have few options to change your prior year tax liability once you begin your tax return preparation.

The sale of assets used in a trade or business (Section 1231 Assets) at a loss generally creates an ordinary loss that the corporation can apply to offset current year taxable income, if any, thereby reducing current year tax liability.

However, this is not your expected refund or balance due, but how much you expect your full - year tax liability to be.

Not exact matches

As long as you've paid 90 percent of that year's tax liability (or 100 percent of the previous year's tax liability), you can go on extension and only owe interest, no penalties, on the remaining 10 percent.

The first category is obvious — you don't have the money now and you won't have it by the time the statute of limitations — 10 years from date the IRS assessed the tax liability — runs out.

Liabilities now correspond to 4.8 times earnings before interest, taxes, depreciation and amortization, up from from 1.3 times two years ago.

«When you have contractors, you open a can of worms to issues like liability, taxes and so on,» notes Julian Gleizer, who launched InstaBuggy last year.

In response to a question about whether Trump had paid no taxes in recent years and how long the negative tax liability of the late»70s continued, Trump campaign spokeswoman Hope Hicks emailed: «You must be kidding, that is more than 35 years ago when we had an entirely different tax system.»

Anyone with more than $ 500 worth of tax liability who isn't covered through salary withholdings must make four tax payments to the IRS each year.

A utility like Berkshire's MidAmerican can lower its tax liability through production credits for 10 years for each project.

TIPRA also creates an opportunity for retirees and other people with low taxable income to wait until years 2008 to 2010 to sell appreciated securities when the capital gains rate drops to zero percent, thereby eliminating a capital gains tax liability.

When you file your tax return, if the amount of taxes you owe (your tax liability) is less than the amount that was withheld from your paycheck during the course of the year, you will receive a refund for the difference.

Whether or not you get a tax refund depends on the amount of taxes you paid during the year (because they were withheld from your paycheck), your tax liability and whether or not you received any refundable tax credits.

«Total CEO realized compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of such amounts.

The Carlyle Holdings partnerships will make tax distributions only to the extent distributions from such partnerships for the relevant year were otherwise insufficient to cover such tax liabilities.

In addition, the year - to - date results do not reflect the regular end - of - year adjustments, which include final tax accrual adjustments as well as estimates of the cost of liabilities incurred during the fiscal year but for which no payment has yet been made.

Tax credits reduce the amount of tax liability you have in a given yeTax credits reduce the amount of tax liability you have in a given yetax liability you have in a given year.

The Financial Times estimated last year that the GOP tax bill would slash Apple's tax liability by $ 47 billion.

While many investment management firms only offer tax - loss harvesting at year's end, Strategic Advisers uses this and a number of other strategies throughout the year designed to help reduce your tax liability and help reach your goals as quickly as possible.1

Still to come are the end - of - year accrual adjustments, including the final estimates for tax revenues and valuations adjustments for assets and liabilities.

While many investment management firms only use tax - loss harvesting at year end, your Investment Team uses this and a number of other strategies throughout the year in an effort to reduce your tax liability and help you reach your goals as quickly as possible.

applying capital losses generated in the current year in future years to reduce future tax liability

Net income rose $ 36.7 million versus a year ago, to $ 82.1 million, but was helped by an after - tax gain of $ 13.3 million in extinguishment of a tax - receivable liability and a $ 14.3 million gain on interest - rate swaps.

Contributing such assets may enable the donor to enjoy a current year tax deduction and potentially eliminate capital gains tax liability on the sale of the asset while allowing the charities they support to receive the most money possible.

«All Returns: Tax Liability, Tax Credits and Tax Payments, by Size of Adjusted Gross Income, Tax Year 2014.»

Check Your Withholding: The government estimates that most taxpayers will see a drop in their tax bill when 2019 rolls around, but because the new law has many twists and turns (especially for those who live in high property and income tax states), your best bet is to assume that your tax liability will be at least the same as this year.

Donating such assets may enable the donor to enjoy a current year tax deduction and potentially eliminate capital gains tax liability on the sale of the asset while allowing the charities they support to receive the most money possible.

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

It automatically categorizes business transactions in accordance with tax guidelines so small businesses have year - round visibility into their tax liability.

In order to make this determination, a recipient should estimate his or her state tax liability for the current year.

Though you're allowed to deduct eligible medical expenses to lower your tax liability, you can only do so if your out - of - pocket costs for the year exceed 10 % of your adjusted gross income.

When estimating your tax liability for the year it is important to account for «self - employment» tax, which is 15.3 % on your net earnings.

Finally, the Budget projections may include current year liabilities, such as adjustments to the various allowances for loans and loan guarantees, court cases, employee future benefits, tax receivables, etc..

Ontario and BC could increase their flexibility in the current situation by completely separating the determination of provincial income tax liability from the determination of federal income tax liability, as Quebec did years ago.

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

You will also be asked to provide an estimate of your total tax liability for the year and the amount of taxes you have already paid.

The withdrawal amount is calibrated to be 5 % of portfolio value minus unrealized tax liability in each iteration, adjusted for the cost of living for 30 years.

In the six months ended March 31, 2018, as a result of the U.S. Tax Cuts and Jobs Act, Post recorded a $ 265.3 million one - time income tax net benefit which included (i) a $ 272.4 million benefit related to an estimate of the remeasurement of Post's existing deferred tax assets and liabilities considering both the expected fiscal year 2018 blended U.S. federal income corporate tax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earninTax Cuts and Jobs Act, Post recorded a $ 265.3 million one - time income tax net benefit which included (i) a $ 272.4 million benefit related to an estimate of the remeasurement of Post's existing deferred tax assets and liabilities considering both the expected fiscal year 2018 blended U.S. federal income corporate tax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earnintax net benefit which included (i) a $ 272.4 million benefit related to an estimate of the remeasurement of Post's existing deferred tax assets and liabilities considering both the expected fiscal year 2018 blended U.S. federal income corporate tax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earnintax assets and liabilities considering both the expected fiscal year 2018 blended U.S. federal income corporate tax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earnintax rate of approximately 24.5 % and a 21 % rate for subsequent fiscal years and (ii) a $ 7.1 million expense related to an estimate of the transition tax on unrepatriated foreign earnintax on unrepatriated foreign earnings.

Assets that have appreciated in value can be among the most tax - advantaged items to contribute to charity because you can enjoy a current year tax deduction and potentially eliminate capital gains tax liability on their sale.

To be safe, at least for the first year the new law is in effect, you may want to assume that your tax liability will be at least the same as this year's.

You are also agreeing to meet all future tax obligations, which means that you must have enough tax withheld (or make estimated tax payments) so your tax liability for future years is fully paid when you file your tax return.

The increased tax liability generally may be paid over an eight - year period.

Taxpayers are already able to contribute to individual retirement accounts until the tax filing deadline and apply any deductions or saver's credits against their tax year's liability.

The author shares that «Only 14 percent of all managed mutual funds beat the stock market average in each of the last three, ten, and fifteen year periods» and the number is actually likely a lot lower when you take out all the fess and tax liability over this same period (p. 42).

Over the past few years, FLPC has conducted research on these issues, focusing on tax incentives and liability protections for food donations.

For example, last year, FLPC students developed fact sheets on date labeling, tax incentives, and liability protections for the Massachusetts Department of Environmental Protection (Mass DEP) and Recycling Works as it rolled out its organic waste ban across the state.

Under the program, qualifying businesses can be exempt from state property, corporate and income tax liability for up to 10 years.

But Riley and his limited liability company that owns the Symphony Tower property want to repay back taxes over 15 years.