Sentence examples for immediate tax liability from inspiring English sources

The rollover would create an immediate tax liability that would generate the new revenue for the Government.

Cash payouts were preferable, the auditor said, but the financial adviser "strongly resisted the cash payment on the grounds that this will crystallize an immediate tax liability," according to a document provided to The New York Times by Mr. Woodford.

The law firm Weil, Gotschal & Manges told Olympus in a 2008 document, recently provided to The New York Times, that cash payouts were preferable, but that an unnamed financial adviser "strongly resisted the cash payment on the grounds that this will crystallize an immediate tax liability".

Under current law, investors can exchange rental real estate without incurring immediate tax liability, even if they've racked up huge paper gains on their properties.

NSOs are more common and may be awarded to nonemployees, but they bear an immediate income tax liability on any price break upon exercise.

The grant part of the new biotech credit is important, given what I have found in working with numerous firms across the country: A significant number of biotech firms that are doing work that would otherwise qualify for the regular R&D tax credit don't get any value from it because they do not have a tax liability or are denied immediate benefits from it by the AMT.

Since the government is always willing to allow people to incur a tax liability, there are no restrictions on immediate reinvestment in the same security, as there are when a capital loss is realized.

Tax Liability: See Tax information section below.

§ 44.152 Claim for remission of tax liability.

The less experienced tax preparers report higher taxable income and higher tax liability.

(By comparison, the A.M.T. bolstered my tax liability by 40 percent).