Taxable event

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Taxable event

An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.

Taxable Event

A transaction or other action that results in one receiving income that may be taxed. Common taxable events are the reception of a paycheck or the sale of stock for a profit. Often, investors wait to sell securities until a certain time (such as a new calendar year) in order to minimize the taxable events that occur in a given period of time.

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Any qualified payment for which a taxable event election is made is treated as having been timely paid for purposes of subsequent taxable events.

Demystifying the qualified payment right: structuring and administering a s. 2701-compliant entity

The tax consequences of inversions are complicated because they are taxable events.

Corporate inversions

A 1035 exchange defers the internal build up of gains associated with the life insurance or annuity policies that would be taxable events," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance.

Association Explains 1035 Exchanges for Long Term Care Insurance Purchase

Sales Tax Overpayment: Companies often pay more sales tax than necessary through the misclassification of purchases or turning non-taxable deliveries into taxable events.

Strategy: tax impacts often neglected in IT deals

In general, customizing a bond portfolio allows advisers to determine the timing and magnitude of realizing taxable events and can facilitate overall tax planning.

Build customized bond portfolios: take your registered investment advisory practice to the next level

Managed accounts provide to investors personal professional guidance, diversification, and greater control over taxable events for an asset-based fee.

Managed-account industry counts more than 330,000 new investors. (Life/Health: Marketplace)

In addition, for a tax system to be fair and, as important, to be perceived as fair, taxpayers must be able to rely on the extant legislation and regulations at the time that investments are made, business transactions take place, expenditures are incurred, or other taxable events occur.

Retroactive legislation - Press Release 99-067 announcing clarifying amendments regarding the tax treatment of resource expenditures

2056A(b)(1) imposes an estate tax on certain taxable events, including (1) distributions of principal to the surviving spouse; (2) the value of property remaining in the trust at the surviving spouse's death; and (3) the value of property remaining in the trust when the QDT fails to meet any of the Sec.

Gift and estate taxation: noncitizen spouse issues

This tax is derived by taking the tax on the taxable estate of the decedent increased by the aggregate of the QDT taxable events, here $750,000 ($600,000 + $150,000), and subtracting from it the tax that would have been imposed on the taxable estate excluding the taxable event, here $600,000 ($750,000 - $150,000).

Marital deduction planning: for the non-citizen spouse

For all taxable events occurring after November 10, 1988, and before January 1, 1991, the due date of Form 706-QDT was extended to September 16, 1991.

The facts about QDoTs: beware of estate tax traps

If the intangible value of client and customer relationships belongs to the individual providing the personal relationship, then the corporation's distributions of clients or customers and any contracts with these individuals are not taxable events.