Sentence examples for deduction of interest from inspiring English sources
The Internal Revenue Service rejected the company's 1996 deduction of interest on loans against the policies and told American Electric Power it owed another $25 million.
America allowed the partial deduction of interest for firms in 1894, a decision which was overturned as part of a Supreme Court ruling in 1895.
The same logic the IRS used in its memo should allow the deduction of interest on the full $1.1 million of the original mortgage when calculating the alternative minimum tax too, he adds.
Citigroup is eagerly seeking more folks like da Silva millions of them, in 54 countries outside the U.S. Its assets of $1.5 trillion and 2004 revenue (before deduction of interest expense) of $108 billion make it the largest bank in the world.
In a tax system with a loss offset restriction on corporate level, the introduction of an IDR that limits deduction of interest to the fraction (gamma ) of EBITDA has an arbitrary effect on the investors' choice of legal form depending on the cash flows' distribution assumption, if the IDR is binding for a corporation and if the deduction parameter (gamma ) exceeds the risky interest rate (i).
Ryan's "Path to Prosperity" is based on the possibility that eliminating the deduction of interest on tax-exempt municipal bonds and life insurance savings will generate enough revenue to make up for his proposed tax cut.
While they're at it, lawmakers should consider ending the deduction of mortgage interest for tax purposes.
The Wealth Matters column on Saturday, about the financial value of taking on certain debt, misstated current tax law regarding the deduction of mortgage interest.
BUSINESS DAY The Wealth Matters column on Saturday, about the financial value of taking on certain debt, misstated current tax law regarding the deduction of mortgage interest.
Is their concern a "deduction" of self-interest?
The analysis uses Internal Revenue Service state-level data from 2010 and ZIP code data from 2007 on the number of tax returns, the number of mortgage interest deduction claims, the amount of interest deducted and federal income taxes paid.
