He added tax liabilities
from 2002 to 2017 had been included in the new policy and taxpayers should clear their liabilities in the coming nine months and should pay five percent fine as well.
Dissipated assets are not limited to those lost through negligence or disregard of one's tax liabilities
In the case of intangible assets with indefinite lives, although in concept the deferred tax liabilities
are a temporary difference, the underlying asset could remain on the balance sheet of the company indefinitely.
The real challenge to the consistent determination and reporting of tax liabilities
in financial statements, he concluded, lies in the application of complex and nebulous tax rules to myriad facts and circumstances.
6402(a) authorizes the Service to credit an overpayment against unassessed tax liabilities
that are identified in a proof of claim filed in a bankruptcy case.
The proposed Interpretation, which would substantially modify FAS 109, (1) provides a theoretical approach for the consistent determination and reporting of income tax liabilities
, assets, and expense relating to uncertain tax positions.
b) deferred tax liabilities
and assets for future tax consequences of events that have been recognized in an enterprise's financial statements or tax returns.
Fund managers also determine what types of stocks to purchase-high dividend-paying stocks to which create additional tax liabilities
for fund holders, or low-dividend-paying stocks.
Instead, foreclosures, deeds in lieu of foreclosure, bankruptcies and other restructuring have produced sizable gains tax liabilities
. The problem is that gains tax is measured by the difference between the sales price, including liabilities, and the undepreciated purchase price of the real estate.
Although ISOs were intended to provide a tax benefit to employees, when the post-exercise price declines, optionees can find themselves subject to huge AMT tax liabilities
attributable to sometimes worthless stock.
Its resolution will directly affect the tax liabilities
of other businesses subject to California's tax system, and could indirectly affect the tax systems of other states.
The taxpayer appealed the decision; the Second Circuit held that she was entitled to reduce stock value for potential capital gains tax liabilities
, even though no liquidation, or asset sale or distribution, was contemplated by the corporation when the stock was gifted.