References in periodicals archive ?
The development of epFace further ensures we are providing the most accurate and specific calculations possible in identifying and optimizing tax deductions for our clients.
To claim a tax deduction, you need to give a certificate ( in a prescribed format) of treatment from doctors of government hospitals.
If you suffer 'a disability that is not less than 40%', you can claim a tax deduction up to Rs 50,000 per year, or Rs 1 lakh for severe disability ('80% or more').
Although the IRS does not always make accounting easier when it issues new revenue procedures, it appears that they have handed a huge win to all taxpayers who can claim tax deductions under 179D.
In the section on "Optimal Tax Deductions for Net Losses," we examine the optimal tax deduction under private insurance with a policy limit.
Thus having an accurate number for the accrued benefit expense and tax deduction is not possible without significant allocations that, even if affected, would appear to be of little value.
Their legislation includes both a tax deduction for long-term care insurance premiums and a tax credit of $1,000 in 2004 for people who require at least six months of long-term care during the year.
This allows you to receive the full market value of the asset as a tax deduction, avoid capital gains taxes, and remove highly valuable assets from your taxable estate.
The bank extended the loans through foreign banks by making use of the foreign tax deduction system, as taxes on such loans were lower.
According to meeting participants, Koizumi cited the possibility a review of the income tax deduction system will lead to reduced income tax rates, but did not make any reference to cutting the current 5% consumption tax or lowering the minimum taxable income.
A few weeks later, he announced that he was ending tax deduction for bribes and this became law two years later.
The current value of a tax deduction for a premium payment, as opposed to a similar deduction for losses paid in future years, adds value to the economics of a self-insurance transaction.