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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While the town argues that the state's decision to reclassify these segments is controlled by our decision in Flynn, 133 N.
It is critical to reclassify loan claims and set aside additional loan-loss reserves if necessary after carefully examining whether existing classification is appropriate or the reserves are necessary,'' Hayami said in a speech to the Trust Companies Association of Japan.
that some type of amnesty growth be administered by the IRS that would permit businesses that in good faith mistakenly classified workers as independent contractors, and had complied with the tax and information reporting obligations associated with such classification, to reclassify such workers as employees and avoid back taxes and penalties.
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 restate its financial statements to reclassify certain revenue and expense items relating to promotional allowances and several other items.
The IRS on September 21, 2011, unveiled a program that allows taxpayers to voluntarily reclassify independent contractors as employees and pay significantly reduced prior employment taxes (approximately 1% of one year's worth of compensation), with no penalties or interest.
government to reclassify cannabis, or marijuana, as a drug useful in treating a variety of illnesses, the federal government's Drug Enforcement Administration (DEA) has ruled the drug has no medical use and should be classified into the future as a dangerous substance.
Global Banking News-12 August 2010-Israeli banking regulator asks lenders to reclassify debt of Yes(C)2010 ENPublishing - http://www.
Professor David Nutt, chairman of the Advisory Council on the Misuse of Drugs, sparked outrage earlier this week after he criticised the decision to reclassify cannabis as a Class B drug.
If the Government does reclassify, it would mean rejecting the findings of the Advisory Council's panel of 23 drug experts.
USING COST SEGREGATION, OWNERS CAN RECLASSIFY real property as personal property in order to obtain faster depreciation write-offs.
Home Secretary David Blunkett moved to reclassify cannabis following advice from the Advisory Council on the Misuse of Drugs.