Sentence examples for regular liability from inspiring English sources

Service companies may only need regular liability insurance, while manufactures may also want to pile on a product-liability policy.

This may achieve a regular tax liability above your AMT liability and thus take you out of the AMT, so these accounts may be attractive to taxpayers who otherwise would owe the AMT.

After computing "regular" tax liability, taxpayers must compute an alternative liability using a parallel system, and then pay the greater of the two taxes.

Instead, you must determine your regular tax liability without the 3.8% net investment income tax, compare it to your alternative minimum tax liability, and pay the higher of the two.

the regular tax liability of the taxpayer for the taxable year allocable to all passive activities.

The term "regular tax liability" has the meaning given such term by section 26(b).

The deduction equivalent of credits from a passive activity for any taxable year is the amount which (if allowed as a deduction) would reduce the regular tax liability for such taxable year by an amount equal to such credits.

The preceding sentence shall not apply to any credit determined under section 42, or any rehabilitation credit determined under section 47, attributable to a publicly traded partnership to the extent the amount of any such credits exceeds the regular tax liability attributable to income from such partnership.

You can use AMT credits to reduce your regular tax liability in any year it exceeds your bill as calculated under the AMT.

First, the recession has slashed many families' incomes, cutting their regular tax liability and making them eligible for income supports like the refundable child tax credit and the earned income tax credit (EITC).

The child tax credit is normally non-refundable, meaning it's limited to your regular tax liability plus alternative minimum tax, although a portion of the child tax credit may be refundable for certain taxpayers.