Search for: "Case of the State Tax on Foreign-Held Bonds" Results 1 - 20 of 119
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19 Jan 2013, 2:45 pm by Julian Ku
United States is one of those cases that promises both more and less than it seems. [read post]
10 Jun 2015, 8:22 am by Timothy Fitzsimmons
The Queen (2015 TCC 119), the Tax Court held that the taxpayer could not value its foreign exchange options contracts on a mark-to-market basis, with the result that certain losses were not deductible by the taxpayer in a year. [read post]
10 Jun 2015, 8:22 am by Timothy Fitzsimmons
The Queen (2015 TCC 119), the Tax Court held that the taxpayer could not value its foreign exchange options contracts on a mark-to-market basis, with the result that certain losses were not deductible by the taxpayer in a year. [read post]
23 Jan 2020, 5:00 am by Kevin Kaufman
For equities and bonds, the base of the tax is simply the price paid for the security. [read post]
19 Mar 2018, 7:45 am by admin
In the United States, for example you may have tax-free interest such as in municipal bond (muni bond), but the same rules do not typically apply to foreign interest. [read post]
12 Mar 2014, 7:49 pm by Kelly Phillips Erb
Most taxpayers are aware that you can deduct state and local income taxes paid during the year on your federal income tax return. [read post]
17 Dec 2017, 9:00 pm
The House’s version would impose a 20 percent tax on the payment made by the U.S. corporation (effectively negating the value of the deduction), unless the foreign corporation treats the amount received as effectively connected income, taxed in the United States at 20 percent with deductions allowed for deemed expenses and some foreign tax credits. [read post]
29 Jan 2018, 10:53 am by Amy Tranckino
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the most extensive overhaul of the United States tax regime in over thirty years. [read post]
1 Aug 2017, 8:42 am by Dan Carvajal
In some cases, the system incentivizes companies to avoid the domestic tax on their foreign profits by moving their corporate headquarters out of the United States. [read post]
20 Apr 2015, 11:57 am by Mopsick Tax Law
FATCA’s purpose was to stop Americans from using foreign banks to cheat on their taxes by hiding income in foreign banks. [read post]
23 Aug 2018, 10:25 pm by admin
” Common Tax Fraud/Evasion issues include: Unreported Income Underreporting Income Fraudulent Deductions Unreported foreign Accounts Unreported foreign Income Unreported foreign Assets Unreported foreign Investments Civil Tax Fraud vs. [read post]
16 Apr 2019, 6:00 am by Kevin Kaufman
Capital gains tax rates vary with respect to two factors: how long the asset was held and the amount of income the taxpayer earns. [read post]
15 Feb 2020, 8:02 am by Expatriation Tax Lawyers
But, some assets held by the expatriate are not deemed sold vis a vi a “shadow” sale. [read post]
2 May 2019, 4:00 am by Kevin Kaufman
In most cases territorial systems are based on a participation exemption that allows foreign dividends or capital gains to either be fully exempt from domestic tax liability or face a lower tax liability. [read post]
27 Jan 2020, 1:50 am by Kevin Kaufman
In the current U.S. tax system, the estate tax is a special case of the wealth taxes, imposed at a single point in time. [read post]
13 Dec 2018, 3:33 pm by Marco Rossi
Instead, the residence and domicile tests depend on the facts and circumstances of each particular case, and are more controversial and open to interpretations. [read post]
7 Dec 2009, 12:29 pm by Kenneth Vercammen NJ Law Blog
The transfer of real and personal property in this State held by a husband and wife/civil union couple as “tenants by the entirety” to the surviving spouse/civil union partner is not taxable for New Jersey Inheritance Tax purposes. 2. [read post]
22 Dec 2017, 8:30 am by HRWatchdog
Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers. [read post]