"Omani banks are subject to an 87.5 per cent regulatory lending ratio cap, computed as net lending (inclusive of eligible government soft loans) as a proportion of customer deposits, net
balances due to banks abroad and capital funds.
Thousands of owners received notices of
balances due on their property tax payments last month, but in fact, many of the notices were merely corrected tax bills because of a change in the assessment, and a careful scrutiny revealed the bills are not due until the next scheduled tax payment.
Taxpayers should attach forms 9465 to their returns if they cannot pay their
balances due. The forms also can be used to ask for installment plans on receipt of tax bills from the government.
According to the final offer, released yesterday, 12.5 per cent of the remaining
balances due to eligible depositors will be released on completion of the signing of the agreement.
The analysts attributed the upgrade to the city's historically stable financial performance and expected maintenance of strong fund
balances due to structural budget adjustments.
6015 have been effective for determining unpaid
balances due the IRS as of July 22, 1998 and Federal tax liabilities arising after that date, many cases have recently been decided by the Tax Court and district courts.
* Establishing a 20-year statute of limitations to collect income of franchise tax
balances due from taxpayers, and thereafter extinguish the liability to pay such balances by abating the tax;
"The city doesn't take the
balances due off their list until the refund is received and credited administratively," he explained.
Its next big step is to let all taxpayers file electronically, even if they have
balances due. In fact, the day soon may come when the IRS will demand that all returns be filed electronically.
The reported asset values include
balances due to the nonbank subsidiaries from their parent company and their affiliated banks.
The several-notch downgrade was triggered by its shrinking fund
balances due to a longstanding fiscal imbalance that has aggravated by the economic downturn and alleged embezzlement by a former municipal employee, the rating service said.
The rejection letter explained that the IRS's records showed that M had "
balances due on [his] 1989, 1990 and 1991 individual income tax returns," attributable to the preparer penalties.
