Sentence examples for significant tax liability from inspiring English sources

And the result could be a pretty significant tax liability at a point in your life (25 years from now) when you may have a lot of other financial priorities (mortgage, car payment, kids in college).

Repayment of loans from policy values (other than death proceeds) can potentially trigger a significant tax liability, and there may be little or no cash value remaining in the policy to pay the tax.

Because your plan to sell investment property and use the proceeds to reduce the mortgage on your principal residence results in significant tax liabilities with no real tax advantages, you might consider using a "1031 like-kind exchange" to sell your Pennsylvania property and invest your profits in another investment property near your Maryland residence.

One potential snag is that the deal being negotiated is an all-cash transaction, which could trigger significant tax liabilities for prime shareholders, including Ziman.

In the latest filing, the company has mentioned that the spin-off could result in significant tax liabilities as one of the major risks.

"We said: 'Maybe we should become consultants and get paid for this.'" State tax incentive programs vary, but most are structured knowing that film and TV companies based in California or New York don't have significant tax liabilities in other states.

If there is potential for significant AMT tax liability you should (have your accountant, or tax attorney) run projections of AMT and regular tax liability.

"It was a lost opportunity to encourage dealers, museum people and collectors to return stolen objects as a way of avoiding significant estate tax liabilities.

"Unfortunately, this deteriorating economic climate, coupled with a significant, pending IRS tax liability dating back to previous management, has led us to today's difficult action," Halbreich said.

Given that low-income tax subsidies are raising the reward to work, helping families support children and pay for childcare, and providing assistance with higher education expenses, it's neither surprising nor disturbing that they are significant relative to income (and tax liability).

If you have substantial fixed asset cost and current tax liabilities, this benefit provides significant tax savings.