The purchase price includes about USD37m to compensate the sellers for certain
tax elections which will result in a net cash tax benefit to HEICO, worth that amount at least.
The purchase price includes approximately USD 37m to compensate the sellers for certain
tax elections which will result in a net cash tax benefit to Heico worth at least that amount.
That legislation, which has yet to hit the House floor, would set the trigger for property
tax elections at 6 percent.
These foot-faults can include, for example, late returns, missed international information returns, and missed
tax elections.
Limited liability companies generally are not subject to Florida income tax unless they made certain federal
tax elections.
To illustrate how such a presumption would work in practice, I apply it to two similar but inconsistently structured
tax elections in the Income Tax Act relating to transfers of property to a spouse and to a corporation (subsections 73(1) and 85(1), respectively).
This requirement is often discovered after the due date for filing the return, at which point additional interest and penalties may be imposed and the estate may no longer be eligible to make certain advantageous
tax elections.
As a fourth installment in an occasional series, here are additional
tax elections for estates, partnerships, and individuals.
Where the federal tax law provides explicit
tax elections (e.
If you do not file the
tax elections in advance, penalties could apply.
And more sales
tax elections are on the calendar or in the discussion stages.
If cash-out rights will continue to be included in a stock option plan and the employer might choose to forego a deduction of a cash-out amount to allow for preferential tax treatment to the employee, the stock option plan should be reviewed to ensure that the employer has the authority to make the required income
tax elections and notifications.
