Meanwhile, congressional efforts to encourage wealthy individuals to purchase low-income housing through the passive-loss provision had proven problematic as investors allowed their properties to decline to capture a greater tax write-off.
FORBES: For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship
The prioritization in the escrow fund are for the economic losses -- loss of income, loss of jobs for individuals and small businesses.
WHITEHOUSE: Vice President Biden on Congressman Barton��s Apology to BP
That is less than one-quarter of the income loss in 1974 or 1980.
The previous estimate for income loss before taxes were 3-5%, and between 1-3% for the year.
It is currently estimated there are 30, 000 users of what are known as employment intermediary schemes and partnership loss schemes - where partnerships that make a loss can shelter their other income from tax.
BBC: Tax avoidance schemes 'costs UK billions in lost revenue'
The New Jersey Gross Income Tax Act does not follow federal law regarding carry-forward and carry-back losses and the loss on the 2008 New Jersey individual income tax return can only be netted against gains or income reported in the category Net gains or income from disposition of property.
When we first read the fairly short section covering the Medicare surtax on unearned income, we found it to be pretty straightforward and assumed all unearned income, loss and expense would be summarized and taxed just like the self-employment tax on earned income is summarized and taxed, now.
FORBES: IRS Should Fix Net Investment Tax Proposed Regulations
Other factors also exaggerated the income increases in the two months, including lump-sum benefit payments handed out in December, and the loss of income for many in the New York area during October because of disruption from Storm Sandy.
Congress had seen its earlier efforts to incentivize the investment of corporate resources in the development of low-income housing, including the Community Reinvestment Act of 1977 (CRA) and the passive-loss provision in the Economic Recovery Act of 1981, fail.
FORBES: For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship
You would be able to very accurately calculate your tax payments, reducing the loss of income that comes along with over-withholding through the year.
There are no separate buckets or loss limitations in self-employment taxation on earned income.
FORBES: IRS Should Fix Net Investment Tax Proposed Regulations
In 2010, Romney had plenty of passive-loss carryovers, so he is not trying to milk every loss on his return by hunting for passive-activity income either.
FORBES: Mitt Romney Is Hardly A Pig When It Comes To Tax Deductions
The studios that survived coped with a loss of income by shedding overhead and talent and shifting to ad-hoc creative teams.
FORBES: Will There Be A Hollywood Ending For Madison Avenue?
When you sell the property, the past losses can be used to offset any gains, and, if you have more passive loss write-offs afterward, you can claim them against regular income.
In a filing with the Securities Exchange Commission, the Forest Hills, New York-based airline disclosed they raised their second quarter outlook for operating margins and income loss before taxes.
Sony Ericsson's loss in the fourth quarter 2011 will impact Ericsson's operating income with SEK -1.1 b. in the quarter.
ENGADGET: Sony Ericsson swallows $317 million pre-tax loss as end draws near
In fleeing higher-risk assets these investors are trading in the possibility of loss for the certainty of eventual real-wealth losses in traditional fixed-income securities.
FORBES: Is Your Investing Strategy Outdated? Try The New 60/40 Model
The loss of an important income stream, combined with the emergence of television, was a one-two punch from which the studio system never recovered.
FORBES: Will There Be A Hollywood Ending For Madison Avenue?
If your property is business or income-producing property, such as rental property, and is completely destroyed, then the amount of your loss is your adjusted basis.
The cost of developing new drugs, and the loss of income as cheaper foreign manufacturers have snapped up licence opportunities, has forced a huge cut-back in researchers.
None of this excess capacity is likely to be shut down quickly, because cash-strapped firms have an incentive to keep factories running, even at a loss, to generate income.
Discussing her tax-cut proposal, Oklahoma Governor Mary Fallin said the reduction in personal income tax will help offset the loss residents saw with the rise in the federal payroll tax.
FORBES: States Push Back Against Obama's Knee Jerk Tax-Increase Addiction
The dip in net income was related in part to the loss of business from the Express Scripts contract dispute, which negatively impacted fourth-quarter results by 6 cents a share.
FORBES: Walgreen's New Battle: Winning Back Express Scripts Customers
应用推荐