While the rights to the eventual income are earned through the performance of services over a period of time, the taxable event
(exercise in the case of options, vesting in the case of restricted stock) occurs after some or all of those services have been performed.
Shares earned related to these PRSU awards became fully vested on February 14, 2013 and resulted in a taxable event
to the individual.
However, selling an investment to buy another could cause a taxable event
Tax-free: Charges for LTCI against annuity or life insurance account values are not considered a taxable event
, and benefits are paid out tax-free.
That meant it was our determination that this was a taxable event
The factors outlined in Estate of Mueller (101 TC 551) require: (1) that the otherwise time-barred overpayment is sought as an offset; (2) the overpayment arises out of the same transaction, item or taxable event
as the overpayment before the court; (3) the transaction, item or taxable event
has been inconsistently subjected to two taxes; and (4) if the transaction, item or taxable event
involves two or more taxpayers, there is sufficient identity of interest between the taxpayers subject to the two taxes that the taxpayers should be treated as one.
Because the trust is treated as a grantor trust, the sale is not a taxable event
There are arguments that the conversion of separate property into community property may constitute a taxable event
under the gift tax laws, while others believe there can be no gift taxes assessed because the change in ownership was caused by operation of law, not as a result of gifting.
Trani said switching from splitdollar to group UL/VUL is not a taxable event
for a company.
In a similar vein, EU accession may present opportunities for greater efficiency in corporate reorganizations, in light of the EU Mergers Directive that requires that cross border mergers not be a taxable event
for corporate tax purposes and must preserve carry forward of losses, provisions and reserves.
ASAE argued that the IRS should not treat the provision of an Internet link from an exempt organization to a corporate sponsor's Web site as a taxable event
The final legislation does contain provisions to ensure that the transfer of assets at death will not cause a taxable event
in most cases.