Reclassification

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Reclassification

In mutual funds, the act or process of changing one type of fund into another type. For example, one may reclassify a front-load fund to a back-load fund or vice versa. One of the most common types of reclassification occurs when a load fund, after a certain number of years, becomes a no-load fund. This happens because the load generally only exists for a certain number of years. The IRS does not consider reclassification to be a taxable event, even if it results in more income or capital gains.
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Taxpayers will presumably want to discuss reclassification with workers before filing under the VCSP, rather than unilaterally deciding to reclassify them.
The central banker's remarks indicate he wants banks to reclassify some loan claims to riskier categories to speed up bad-loan disposal.
This bill would provide a form of amnesty to businesses that reclassify their independent contractors to employee status during any period ending before December 31, 1993.
Don't worry about getting the papers into the "right" folder, as you'll be reviewing the files so regularly, you'll have plenty of chances to reclassify things.
The Authority expects to reclassify certain expenses that should have originally either offset revenues directly or increased promotional allowances including complimentary services for our patrons, employee discounts, E-coupons given to patrons, and wide area progressive payments.
The Bank of Israel has asked creditors of Yes (DBS Satellite Services) to reclassify the debt of the company.
Interaction with like-kind exchanges: Cost-segregation studies generally reclassify Sec.
A UN report claims the Home Secretary's decision to reclassify cannabis as a Class C drug could lead to it becoming as widely used as tobacco.
Even as Euromyths go, the supposed threat from the EU to reclassify Anglesey as being mainland was clearly nonsense.
David Blunkett's plan to reclassify cannabis so casual users will not be prosecuted has been backed by a Midland MP after it was condemned by Labour backbenchers.
The decision by the company to reclassify these costs was made on April 28 after consultation with Price Waterhouse, its independent accountants, and KPMG Peat Marwick, the accounting firm retained by Paul, Weiss, Rifkind, Wharton & Garrison, counsel to the Special Committee of the Board of Directors.
The chief administrative law judge of the Drug Enforcement Administration (DEA) recommended the DEA reclassify marijuana to a less restrictive status that would make it available by prescription to patients with multiple sclerosis or chemotherapy-induced nausea.